Etsy, Inc. $ETSY Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC reduced its position in Etsy, Inc. (NASDAQ:ETSY) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,604 shares of the specialty retailer’s stock after selling 219 shares during the period. 180 Wealth Advisors LLC’s holdings in Etsy were worth $582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ETSY. GAMMA Investing LLC lifted its stake in shares of Etsy by 39.4% in the 1st quarter. GAMMA Investing LLC now owns 1,928 shares of the specialty retailer’s stock valued at $91,000 after purchasing an additional 545 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Etsy by 293.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,584 shares of the specialty retailer’s stock valued at $3,236,000 after purchasing an additional 51,131 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Etsy by 63.9% in the 1st quarter. Diversified Trust Co now owns 16,829 shares of the specialty retailer’s stock valued at $794,000 after purchasing an additional 6,564 shares in the last quarter. Hunter Perkins Capital Management LLC acquired a new position in Etsy during the 1st quarter worth approximately $649,000. Finally, Ameritas Advisory Services LLC lifted its position in Etsy by 16.6% during the 1st quarter. Ameritas Advisory Services LLC now owns 19,423 shares of the specialty retailer’s stock worth $928,000 after acquiring an additional 2,761 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Goyal Kruti Patel sold 7,685 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $75.01, for a total value of $576,451.85. Following the completion of the sale, the insider directly owned 54,840 shares in the company, valued at approximately $4,113,548.40. The trade was a 12.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director M Michele Burns sold 14,464 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $62.82, for a total value of $908,628.48. Following the completion of the sale, the director owned 19,964 shares of the company’s stock, valued at $1,254,138.48. This trade represents a 42.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 402,667 shares of company stock worth $26,362,857. Corporate insiders own 2.80% of the company’s stock.

Etsy Stock Down 0.1%

ETSY stock opened at $73.79 on Friday. Etsy, Inc. has a 52-week low of $40.05 and a 52-week high of $76.51. The stock’s 50 day moving average is $63.99 and its two-hundred day moving average is $56.93. The company has a market capitalization of $7.31 billion, a PE ratio of 59.51, a P/E/G ratio of 10.65 and a beta of 1.85.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, July 30th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.29). Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The business had revenue of $672.66 million for the quarter, compared to analysts’ expectations of $645.16 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Etsy’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ETSY shares. Canaccord Genuity Group set a $76.00 price target on Etsy in a research report on Wednesday, July 30th. Cantor Fitzgerald boosted their price target on Etsy from $52.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their price target on Etsy from $57.00 to $58.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 7th. Jefferies Financial Group boosted their price target on Etsy from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, October 17th. Finally, Bank of America boosted their price target on Etsy from $71.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus price target of $62.00.

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.