DJE Kapital AG Acquires 5,700 Shares of Etsy, Inc. $ETSY

DJE Kapital AG grew its holdings in Etsy, Inc. (NASDAQ:ETSY) by 30.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,700 shares of the specialty retailer’s stock after acquiring an additional 5,700 shares during the period. DJE Kapital AG’s holdings in Etsy were worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Etsy by 52.7% in the 2nd quarter. Signaturefd LLC now owns 556 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 192 shares in the last quarter. Allworth Financial LP grew its holdings in Etsy by 47.6% during the 1st quarter. Allworth Financial LP now owns 769 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 248 shares in the last quarter. SVB Wealth LLC purchased a new stake in Etsy during the 1st quarter valued at approximately $36,000. Brooklyn Investment Group raised its position in shares of Etsy by 842.2% during the first quarter. Brooklyn Investment Group now owns 782 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 699 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Etsy by 18.7% in the second quarter. Blue Trust Inc. now owns 1,150 shares of the specialty retailer’s stock worth $58,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Analysts Set New Price Targets

ETSY has been the subject of several research analyst reports. Evercore ISI cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Jefferies Financial Group boosted their price target on shares of Etsy from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, October 17th. Weiss Ratings upgraded Etsy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein lifted their target price on Etsy from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, July 17th. Finally, Moffett Nathanson reiterated a “neutral” rating on shares of Etsy in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Etsy currently has an average rating of “Hold” and an average price target of $64.24.

Insider Buying and Selling

In other Etsy news, insider Goyal Kruti Patel sold 7,685 shares of Etsy stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $75.01, for a total transaction of $576,451.85. Following the completion of the transaction, the insider directly owned 54,840 shares of the company’s stock, valued at $4,113,548.40. The trade was a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Josh Silverman sold 21,666 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $61.46, for a total transaction of $1,331,592.36. Following the transaction, the chief executive officer owned 78,946 shares in the company, valued at $4,852,021.16. This trade represents a 21.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 394,619 shares of company stock valued at $25,966,574 over the last 90 days. 2.80% of the stock is currently owned by insiders.

Etsy Trading Up 4.3%

ETSY opened at $59.24 on Friday. The stock has a 50-day moving average of $64.81 and a 200 day moving average of $58.50. Etsy, Inc. has a 12 month low of $40.05 and a 12 month high of $76.51. The firm has a market cap of $5.85 billion, a P/E ratio of 47.78, a P/E/G ratio of 10.65 and a beta of 1.87.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $678.03 million during the quarter, compared to analyst estimates of $655.83 million. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. On average, research analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

About Etsy

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.