Etsy Inc $ETSY Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in shares of Etsy Inc (NYSE:ETSY) by 45.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,600 shares of the company’s stock after selling 9,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Etsy were worth $829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ETSY. Choreo LLC raised its holdings in Etsy by 6.1% in the 3rd quarter. Choreo LLC now owns 12,785 shares of the company’s stock valued at $916,000 after acquiring an additional 731 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Etsy by 61.8% during the 3rd quarter. Signaturefd LLC now owns 762 shares of the company’s stock worth $54,000 after acquiring an additional 291 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Etsy by 20.5% during the 3rd quarter. Sterling Capital Management LLC now owns 38,493 shares of the company’s stock worth $2,752,000 after acquiring an additional 6,555 shares during the period. Root Financial Partners LLC bought a new stake in Etsy in the third quarter valued at about $161,000. Finally, Lmcg Investments LLC lifted its stake in Etsy by 0.5% during the third quarter. Lmcg Investments LLC now owns 71,633 shares of the company’s stock worth $5,121,000 after purchasing an additional 332 shares during the period. Institutional investors own 99.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ETSY shares. Royal Bank Of Canada downgraded Etsy to a “sector perform” rating in a research report on Thursday, August 20th. Morgan Stanley raised their price objective on shares of Etsy from $73.00 to $79.00 and gave the stock an “equal weight” rating in a report on Thursday, October 29th. Cantor Fitzgerald increased their price target on Etsy from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. BTIG Research lifted their price objective on Etsy from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Finally, Arete Research cut Etsy from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $94.07.

Etsy Price Performance

ETSY opened at $91.31 on Friday. The firm has a 50 day simple moving average of $79.47 and a 200 day simple moving average of $68.82. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.04 and a beta of 1.76. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $97.85.

Etsy (NYSE:ETSY) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $6.55. Etsy had a negative return on equity of 43.65% and a net margin of 34.36%. The business had revenue of $692.47 million for the quarter, compared to analyst estimates of $669.04 million. During the same period last year, the company earned $0.63 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, analysts expect that Etsy Inc will post 4.31 EPS for the current year.

Insider Buying and Selling at Etsy

In other Etsy news, CFO Charles Baker sold 1,407 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $91.42, for a total value of $128,627.94. Following the completion of the transaction, the chief financial officer directly owned 15,958 shares of the company’s stock, valued at approximately $1,458,880.36. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marla Blow sold 6,000 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $92.67, for a total value of $556,020.00. Following the completion of the sale, the director owned 7,024 shares of the company’s stock, valued at $650,914.08. This trade represents a 46.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 142,908 shares of company stock worth $12,443,190 in the last three months. 2.50% of the stock is owned by insiders.

Etsy Company Profile

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.