Ossiam Has $13.44 Million Position in Etsy, Inc. (NASDAQ:ETSY)

Ossiam trimmed its holdings in Etsy, Inc. (NASDAQ:ETSYFree Report) by 40.0% during the fourth quarter, Holdings Channel reports. The firm owned 165,843 shares of the specialty retailer’s stock after selling 110,491 shares during the quarter. Ossiam’s holdings in Etsy were worth $13,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETSY. CVA Family Office LLC bought a new position in shares of Etsy in the fourth quarter valued at approximately $27,000. Operose Advisors LLC bought a new position in shares of Etsy in the third quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in shares of Etsy by 402.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 447 shares of the specialty retailer’s stock worth $36,000 after buying an additional 358 shares in the last quarter. Tompkins Financial Corp purchased a new stake in shares of Etsy in the fourth quarter worth $41,000. Finally, Principal Securities Inc. purchased a new stake in shares of Etsy in the fourth quarter worth $47,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Etsy news, CAO Merilee Buckley sold 1,671 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total transaction of $108,681.84. Following the completion of the sale, the chief accounting officer now directly owns 2,827 shares in the company, valued at approximately $183,868.08. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Nicholas Daniel sold 750 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $66.01, for a total transaction of $49,507.50. Following the completion of the sale, the insider now owns 19,682 shares of the company’s stock, valued at approximately $1,299,208.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Merilee Buckley sold 1,671 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $183,868.08. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Etsy Trading Down 1.4 %

Etsy stock traded down $0.94 during trading hours on Friday, hitting $65.28. 2,061,476 shares of the stock traded hands, compared to its average volume of 2,904,581. The firm’s 50-day moving average price is $64.90 and its two-hundred day moving average price is $71.17. Etsy, Inc. has a one year low of $56.60 and a one year high of $102.81. The company has a market cap of $7.63 billion, a PE ratio of 29.81, a PEG ratio of 5.39 and a beta of 1.99.

Etsy (NASDAQ:ETSYGet Free Report) last released its earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. The business had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $646.30 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. Etsy’s revenue for the quarter was up .8% on a year-over-year basis. On average, sell-side analysts expect that Etsy, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BTIG Research lowered their price objective on Etsy from $87.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC lowered their price target on Etsy from $95.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Guggenheim lowered their price target on Etsy from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Oppenheimer lowered their price target on Etsy from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, B. Riley reduced their price objective on Etsy from $91.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.96.

Read Our Latest Analysis on Etsy

About Etsy

(Free Report)

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.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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