Integrated Advisors Network LLC Takes $214,000 Position in Etsy, Inc. (NASDAQ:ETSY)

Integrated Advisors Network LLC bought a new stake in shares of Etsy, Inc. (NASDAQ:ETSY) in the fourth quarter, Holdings Channel reports. The fund bought 2,639 shares of the specialty retailer’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETSY. Bares Capital Management Inc. grew its position in shares of Etsy by 57.8% during the 3rd quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock valued at $261,143,000 after acquiring an additional 1,480,655 shares during the period. Norges Bank purchased a new stake in shares of Etsy during the 4th quarter valued at approximately $86,494,000. Van ECK Associates Corp lifted its stake in shares of Etsy by 26.5% during the 4th quarter. Van ECK Associates Corp now owns 4,616,990 shares of the specialty retailer’s stock valued at $374,207,000 after buying an additional 967,777 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Etsy by 260.2% during the 4th quarter. TD Asset Management Inc now owns 1,319,190 shares of the specialty retailer’s stock valued at $106,920,000 after buying an additional 952,907 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Etsy by 84.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,309,510 shares of the specialty retailer’s stock valued at $106,136,000 after buying an additional 599,286 shares in the last quarter. 99.53% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Merilee Buckley sold 1,671 shares of Etsy stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total transaction of $108,681.84. Following the sale, the chief accounting officer now owns 2,827 shares of the company’s stock, valued at approximately $183,868.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $65.68, for a total transaction of $94,841.92. Following the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $38,882.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merilee Buckley sold 1,671 shares of Etsy stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total transaction of $108,681.84. Following the sale, the chief accounting officer now directly owns 2,827 shares in the company, valued at approximately $183,868.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,865 shares of company stock valued at $253,031. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

ETSY has been the topic of a number of recent research reports. Needham & Company LLC dropped their price target on shares of Etsy from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI lowered their target price on shares of Etsy from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Etsy from $80.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Barclays lowered their target price on shares of Etsy from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Finally, Wedbush lowered their target price on shares of Etsy from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.96.

Etsy Stock Down 1.8 %

Shares of Etsy stock opened at $57.67 on Thursday. The firm has a market cap of $6.74 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 4.78 and a beta of 1.99. Etsy, Inc. has a 12-month low of $56.60 and a 12-month high of $102.81. The company’s fifty day simple moving average is $64.07 and its two-hundred day simple moving average is $70.39.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $646.00 million during the quarter, compared to the consensus estimate of $646.30 million. Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. Etsy’s revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. As a group, sell-side analysts expect that Etsy, Inc. will post 2.49 earnings per share for the current fiscal year.

Etsy 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.