Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Bokf Na

Bokf Na lowered its holdings in shares of Etsy, Inc. (NASDAQ:ETSY) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,526 shares of the specialty retailer’s stock after selling 251 shares during the period. Bokf Na’s holdings in Etsy were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. DJE Kapital AG bought a new stake in Etsy during the fourth quarter worth approximately $983,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Etsy by 12.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer’s stock valued at $59,820,000 after buying an additional 122,126 shares during the period. Principal Financial Group Inc. boosted its stake in Etsy by 313.1% during the third quarter. Principal Financial Group Inc. now owns 542,505 shares of the specialty retailer’s stock valued at $30,125,000 after buying an additional 411,165 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Etsy during the fourth quarter worth about $492,000. Finally, Natixis Advisors LLC bought a new stake in Etsy in the fourth quarter worth about $606,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Insider Activity at Etsy

In related news, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction on Monday, February 24th. The shares were sold at an average price of $52.05, for a total value of $1,127,715.30. Following the transaction, the chief executive officer now owns 5,004 shares in the company, valued at $260,458.20. This trade represents a 81.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Merilee Buckley sold 1,676 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $48.40, for a total transaction of $81,118.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,618 shares of company stock valued at $3,469,803. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Etsy from $46.00 to $40.00 and set an “underweight” rating on the stock in a research note on Thursday, May 1st. Canaccord Genuity Group dropped their price target on Etsy from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of Etsy in a research note on Wednesday, April 30th. Bank of America cut their target price on Etsy from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI decreased their price target on Etsy from $60.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $50.14.

Etsy Stock Down 1.9 %

ETSY stock opened at $46.94 on Friday. The firm has a 50 day moving average of $45.44 and a two-hundred day moving average of $50.94. Etsy, Inc. has a 12 month low of $40.05 and a 12 month high of $66.93. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 2.57 and a beta of 1.78.

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