Vontobel Holding Ltd. Grows Position in Etsy, Inc. (NASDAQ:ETSY)

Vontobel Holding Ltd. raised its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,203 shares of the specialty retailer’s stock after buying an additional 1,994 shares during the quarter. Vontobel Holding Ltd.’s holdings in Etsy were worth $3,826,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Quarry LP grew its holdings in Etsy by 121.7% during the 1st quarter. Quarry LP now owns 266 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 146 shares in the last quarter. KB Financial Partners LLC grew its holdings in Etsy by 41.7% during the 1st quarter. KB Financial Partners LLC now owns 520 shares of the specialty retailer’s stock valued at $65,000 after buying an additional 153 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Etsy by 7.3% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,256 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 153 shares in the last quarter. Arizona State Retirement System grew its holdings in Etsy by 0.5% during the 4th quarter. Arizona State Retirement System now owns 33,810 shares of the specialty retailer’s stock valued at $2,740,000 after buying an additional 157 shares in the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in shares of Etsy by 2.0% in the 1st quarter. Snowden Capital Advisors LLC now owns 8,761 shares of the specialty retailer’s stock worth $975,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insider Buying and Selling at Etsy

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total transaction of $107,730.00. Following the sale, the insider now owns 13,138 shares in the company, valued at approximately $943,571.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total transaction of $107,730.00. Following the sale, the insider now owns 13,138 shares in the company, valued at approximately $943,571.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Merilee Buckley sold 1,671 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total value of $108,681.84. Following the sale, the chief accounting officer now 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 66,968 shares of company stock worth $4,836,827. 2.60% of the stock is currently owned by insiders.

Etsy Price Performance

Shares of ETSY stock opened at $67.49 on Thursday. Etsy, Inc. has a 1-year low of $58.20 and a 1-year high of $104.93. The stock’s fifty day moving average price is $70.04 and its 200 day moving average price is $71.36. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 4.66 and a beta of 2.01.

Etsy (NASDAQ:ETSY) last announced its earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. Etsy had a negative return on equity of 70.75% and a net margin of 11.19%. The firm had revenue of $842.32 million for the quarter, compared to the consensus estimate of $827.40 million. As a group, equities research analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ETSY. Piper Sandler lifted their target price on Etsy from $90.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Truist Financial dropped their target price on Etsy from $87.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Morgan Stanley dropped their target price on Etsy from $66.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Evercore ISI dropped their target price on Etsy from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Finally, UBS Group dropped their price objective on Etsy from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.84.

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.