Kentucky Retirement Systems Insurance Trust Fund bought a new position in Etsy, Inc. (NASDAQ:ETSY – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,472 shares of the specialty retailer’s stock, valued at approximately $498,000.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Etsy by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 13,703,486 shares of the specialty retailer’s stock worth $1,703,069,000 after buying an additional 118,034 shares during the last quarter. Capital World Investors increased its holdings in Etsy by 13.4% in the 1st quarter. Capital World Investors now owns 3,457,269 shares of the specialty retailer’s stock valued at $429,669,000 after purchasing an additional 409,540 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Etsy by 10.2% in the 4th quarter. Clearbridge Investments LLC now owns 3,008,544 shares of the specialty retailer’s stock valued at $360,363,000 after purchasing an additional 277,650 shares during the last quarter. Geode Capital Management LLC increased its holdings in Etsy by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 2,615,778 shares of the specialty retailer’s stock valued at $312,756,000 after purchasing an additional 50,060 shares during the last quarter. Finally, Capital International Investors increased its holdings in Etsy by 56.1% in the 1st quarter. Capital International Investors now owns 2,137,886 shares of the specialty retailer’s stock valued at $265,696,000 after purchasing an additional 768,350 shares during the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Etsy
In related news, CEO Josh Silverman sold 10,425 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $89.24, for a total value of $930,327.00. Following the completion of the sale, the chief executive officer now directly owns 14,674 shares of the company’s stock, valued at $1,309,507.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Nicholas Daniel sold 1,760 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $101.65, for a total value of $178,904.00. Following the completion of the sale, the insider now directly owns 8,704 shares of the company’s stock, valued at $884,761.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Josh Silverman sold 10,425 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $89.24, for a total transaction of $930,327.00. Following the completion of the sale, the chief executive officer now directly owns 14,674 shares of the company’s stock, valued at $1,309,507.76. The disclosure for this sale can be found here. Insiders sold a total of 95,823 shares of company stock valued at $8,881,523 over the last ninety days. Insiders own 2.60% of the company’s stock.
Etsy Price Performance
Shares of ETSY opened at $73.78 on Friday. Etsy, Inc. has a 1-year low of $72.57 and a 1-year high of $149.91. The stock has a market cap of $9.08 billion, a PE ratio of -12.57, a price-to-earnings-growth ratio of 3.78 and a beta of 2.00. The firm has a fifty day moving average price of $88.79 and a 200 day moving average price of $100.85.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ETSY. UBS Group dropped their target price on shares of Etsy from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, July 19th. Barclays dropped their target price on shares of Etsy from $100.00 to $98.00 in a report on Thursday, May 4th. Bank of America dropped their target price on shares of Etsy from $123.00 to $110.00 in a report on Friday, July 28th. BTIG Research dropped their target price on shares of Etsy from $130.00 to $108.00 and set a “buy” rating for the company in a report on Friday, June 30th. Finally, Loop Capital dropped their price target on shares of Etsy from $105.00 to $100.00 in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $118.43.
View Our Latest Report on Etsy
Etsy Profile
(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, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers.
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