Etsy, Inc. (NASDAQ:ETSY) Shares Acquired by True Wealth Design LLC

True Wealth Design LLC increased its position in Etsy, Inc. (NASDAQ:ETSY) by 112.7% in the fourth quarter, Holdings Channel reports. The firm owned 551 shares of the specialty retailer’s stock after purchasing an additional 292 shares during the quarter. True Wealth Design LLC’s holdings in Etsy were worth $29,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its holdings in Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after buying an additional 181 shares during the last quarter. Hurley Capital LLC acquired a new stake in shares of Etsy during the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL bought a new position in Etsy during the fourth quarter worth $34,000. Summit Securities Group LLC acquired a new position in Etsy in the fourth quarter worth $37,000. Finally, Kestra Investment Management LLC bought a new stake in Etsy during the fourth quarter valued at $38,000. 99.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction on Monday, February 24th. The stock was sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the transaction, the chief executive officer now owns 5,004 shares in the company, valued at approximately $260,458.20. The trade was a 81.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total value of $75,720.00. Following the transaction, the insider now directly owns 20,698 shares in the company, valued at $1,044,835.04. The trade was a 6.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,418 shares of company stock valued at $3,601,377. 2.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial decreased their price target on shares of Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Morgan Stanley lowered their target price on Etsy from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group cut their price target on Etsy from $35.00 to $31.00 and set a “sell” rating on the stock in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on Etsy and gave the stock a “hold” rating in a research note on Monday, April 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Etsy in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.14.

Etsy Price Performance

ETSY opened at $47.02 on Friday. The business has a 50 day moving average price of $45.37 and a two-hundred day moving average price of $50.90. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.57 and a beta of 1.78. Etsy, Inc. has a 1-year low of $40.05 and a 1-year high of $66.93.

Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). The business had revenue of $651.18 million for the quarter, compared to analyst estimates of $642.22 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. Equities analysts expect that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

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.