Charles Schwab Investment Management Inc. Purchases 122,126 Shares of Etsy, Inc. (NASDAQ:ETSY)

Charles Schwab Investment Management Inc. increased its position in Etsy, Inc. (NASDAQ:ETSY) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,131,020 shares of the specialty retailer’s stock after acquiring an additional 122,126 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.01% of Etsy worth $59,820,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ETSY. Kestra Investment Management LLC bought a new position in Etsy in the 4th quarter worth $38,000. Versant Capital Management Inc raised its holdings in Etsy by 153.1% in the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 499 shares during the period. Blue Trust Inc. raised its holdings in Etsy by 95.1% in the 4th quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 426 shares during the period. Denver PWM LLC raised its holdings in Etsy by 36.1% in the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after acquiring an additional 289 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in Etsy in the 3rd quarter worth $59,000. Institutional investors own 99.53% of the company’s stock.

Etsy Stock Down 4.1 %

NASDAQ:ETSY opened at $44.93 on Thursday. The firm has a market cap of $4.81 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23. Etsy, Inc. has a 12 month low of $44.15 and a 12 month high of $72.05. The company’s 50-day moving average price is $52.95 and its two-hundred day moving average price is $53.43.

Etsy (NASDAQ:ETSY) last announced its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The company had revenue of $852.16 million for the quarter, compared to analyst estimates of $861.37 million. During the same period in the prior year, the business earned $0.62 earnings per share. Etsy’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Canaccord Genuity Group dropped their target price on shares of Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company boosted their price objective on shares of Etsy from $44.00 to $47.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $60.00 price objective on shares of Etsy in a report on Thursday, February 20th. Jefferies Financial Group upgraded shares of Etsy from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $45.00 to $55.00 in a report on Monday, January 13th. Finally, Moffett Nathanson boosted their price objective on shares of Etsy from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Etsy currently has an average rating of “Hold” and an average target price of $58.78.

Insider Transactions at Etsy

In related news, CEO Josh Silverman sold 21,666 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the completion of the sale, the chief executive officer now directly owns 5,004 shares of the company’s stock, valued at $260,458.20. The trade was a 81.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total transaction of $75,720.00. Following the sale, the insider now directly owns 20,698 shares of the company’s stock, valued at approximately $1,044,835.04. This trade represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,666 shares of company stock worth $1,286,445. Corporate insiders own 2.60% of the company’s stock.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.