Leonteq Securities AG Buys New Holdings in Etsy Inc $ETSY

Leonteq Securities AG bought a new stake in Etsy Inc (NYSE:ETSY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,840 shares of the company’s stock, valued at approximately $712,000.

A number of other large investors have also recently bought and sold shares of ETSY. Integrated Wealth Concepts LLC boosted its position in Etsy by 19.1% in the first quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock valued at $282,000 after buying an additional 961 shares during the last quarter. Empowered Funds LLC boosted its position in Etsy by 55.5% in the 1st quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock worth $456,000 after purchasing an additional 3,451 shares in the last quarter. Woodline Partners LP purchased a new stake in Etsy in the 1st quarter worth approximately $2,181,000. Northwestern Mutual Wealth Management Co. boosted its position in Etsy by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock worth $180,000 after purchasing an additional 906 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in Etsy in the 2nd quarter worth approximately $232,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insiders Place Their Bets

In other news, insider Josh Silverman sold 88,350 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $64.18, for a total transaction of $5,670,303.00. Following the transaction, the insider owned 130,694 shares in the company, valued at $8,387,940.92. This trade represents a 40.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Edward Colburn III sold 4,776 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $65.09, for a total value of $310,869.84. Following the transaction, the insider owned 6,503 shares in the company, valued at $423,280.27. This trade represents a 42.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 278,569 shares of company stock worth $17,728,487. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Jefferies Financial Group lowered Etsy from a “hold” rating to a “hold” rating in a research report on Thursday. Zacks Research lowered Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Barclays upped their price objective on Etsy from $72.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded Etsy from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, B. Riley Financial lowered Etsy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $75.00 in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Etsy has an average rating of “Hold” and an average price target of $70.75.

Etsy Stock Up 2.9%

Shares of NYSE:ETSY opened at $62.48 on Friday. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $76.51. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 5.41 and a beta of 1.89. The company’s 50 day simple moving average is $57.20.

Etsy (NYSE:ETSY) last announced its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%.The firm had revenue of $881.64 million for the quarter. As a group, analysts forecast that Etsy Inc will post 3.74 earnings per share for the current year.

Etsy Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily 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. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.