Vontobel Holding Ltd. Acquires 1,994 Shares of Etsy, Inc. (NASDAQ:ETSY)

Vontobel Holding Ltd. grew its holdings in Etsy, Inc. (NASDAQ:ETSY) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,203 shares of the specialty retailer’s stock after acquiring an additional 1,994 shares during the quarter. Vontobel Holding Ltd.’s holdings in Etsy were worth $3,826,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Etsy by 23.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 309,333 shares of the specialty retailer’s stock valued at $19,977,000 after acquiring an additional 57,785 shares during the period. Northern Trust Corp lifted its position in Etsy by 4.3% during the third quarter. Northern Trust Corp now owns 1,194,153 shares of the specialty retailer’s stock worth $77,118,000 after purchasing an additional 48,934 shares during the period. DAVENPORT & Co LLC lifted its position in Etsy by 201.5% during the third quarter. DAVENPORT & Co LLC now owns 579,791 shares of the specialty retailer’s stock worth $37,291,000 after purchasing an additional 387,467 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Etsy during the fourth quarter worth about $2,273,000. Finally, International Assets Investment Management LLC bought a new stake in Etsy during the fourth quarter worth about $38,490,000. Institutional investors own 99.53% of the company’s stock.

Analyst Ratings Changes

ETSY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Etsy from $80.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Truist Financial lowered their target price on Etsy from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Needham & Company LLC reissued a “buy” rating and set a $95.00 target price on shares of Etsy in a research note on Friday, March 1st. Barclays upped their price objective on Etsy from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Finally, Morgan Stanley lowered their price objective on Etsy from $66.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $87.84.

Insider Buying and Selling

In related news, CAO Merilee Buckley sold 1,671 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total value of $108,681.84. Following the transaction, the chief accounting officer now directly owns 2,827 shares in the company, valued at approximately $183,868.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Merilee Buckley sold 1,671 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total value of $108,681.84. Following the completion of the sale, the chief accounting officer now directly owns 2,827 shares of the company’s stock, valued at approximately $183,868.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total value of $107,730.00. Following the completion of the sale, the insider now directly owns 13,138 shares of the company’s stock, valued at $943,571.16. The disclosure for this sale can be found here. Insiders have sold a total of 66,968 shares of company stock worth $4,836,827 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Etsy Stock Performance

Etsy stock opened at $67.49 on Thursday. Etsy, Inc. has a 52-week low of $58.20 and a 52-week high of $104.93. The stock’s 50 day moving average price is $70.04 and its two-hundred day moving average price is $71.36. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 4.66 and a beta of 2.01.

Etsy (NASDAQ:ETSY) last issued its earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Etsy had a negative return on equity of 70.75% and a net margin of 11.19%. The company had revenue of $842.32 million for the quarter, compared to analysts’ expectations of $827.40 million. On average, equities research analysts forecast that Etsy, Inc. will post 2.57 EPS for the current 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.