Strategic Investment Solutions Inc. IL Purchases Shares of 648 Etsy, Inc. (NASDAQ:ETSY)

Strategic Investment Solutions Inc. IL acquired a new position in Etsy, Inc. (NASDAQ:ETSY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 648 shares of the specialty retailer’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lindbrook Capital LLC increased its holdings in Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 181 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Etsy by 8.7% during the 4th quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer’s stock valued at $144,000 after acquiring an additional 218 shares during the period. Heron Bay Capital Management lifted its position in shares of Etsy by 1.3% during the 4th quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer’s stock valued at $1,072,000 after acquiring an additional 258 shares during the period. Denver PWM LLC grew its holdings in Etsy by 36.1% in the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 289 shares during the period. Finally, Gagnon Securities LLC grew its holdings in Etsy by 7.9% in the fourth quarter. Gagnon Securities LLC now owns 5,148 shares of the specialty retailer’s stock worth $272,000 after purchasing an additional 376 shares during the period. 99.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Truist Financial reduced their target price on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Citigroup reduced their price objective on Etsy from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on Etsy from $47.00 to $46.00 and set an “underweight” rating on the stock in a report on Wednesday, April 2nd. UBS Group reduced their price target on shares of Etsy from $54.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Cantor Fitzgerald lowered their price objective on shares of Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.42.

Insider Buying and Selling at Etsy

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total value of $69,745.20. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $28,593.60. This represents a 70.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total transaction of $83,010.00. Following the sale, the insider now owns 22,198 shares in the company, valued at $1,228,437.32. The trade was a 6.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,952 shares of company stock valued at $2,554,620. Company insiders own 2.60% of the company’s stock.

Etsy Stock Up 3.8 %

NASDAQ ETSY opened at $44.15 on Friday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 18.63, a PEG ratio of 2.57 and a beta of 2.15. The company has a 50-day moving average price of $47.87 and a 200-day moving average price of $51.57. Etsy, Inc. has a 52 week low of $40.05 and a 52 week high of $71.72.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The business had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. During the same period last year, the firm earned $0.62 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Etsy 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.