Texas Capital Bank Wealth Management Services Inc Takes $1.62 Million Position in Etsy, Inc. (NASDAQ:ETSY)

Texas Capital Bank Wealth Management Services Inc acquired a new position in Etsy, Inc. (NASDAQ:ETSYFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,000 shares of the specialty retailer’s stock, valued at approximately $1,621,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CVA Family Office LLC acquired a new position in Etsy in the fourth quarter valued at approximately $27,000. Operose Advisors LLC acquired a new position in Etsy in the third quarter valued at approximately $28,000. Tompkins Financial Corp acquired a new position in Etsy in the fourth quarter valued at approximately $41,000. Principal Securities Inc. acquired a new position in Etsy in the fourth quarter valued at approximately $47,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Etsy in the fourth quarter valued at approximately $49,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Etsy Stock Down 0.2 %

ETSY traded down $0.12 during trading on Friday, reaching $63.97. 2,050,310 shares of the company were exchanged, compared to its average volume of 4,067,163. The company’s 50-day moving average is $66.36 and its two-hundred day moving average is $71.42. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 5.24 and a beta of 2.00. Etsy, Inc. has a 12-month low of $56.60 and a 12-month high of $102.81.

Etsy (NASDAQ:ETSYGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $646.30 million. Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Equities analysts forecast that Etsy, Inc. will post 2.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group decreased their price objective on Etsy from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Wedbush decreased their price target on Etsy from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Evercore ISI decreased their price target on Etsy from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Truist Financial decreased their price target on Etsy from $85.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Citigroup decreased their price target on Etsy from $72.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.96.

Read Our Latest Stock Report on Etsy

Insider Buying and Selling

In other Etsy news, insider Nicholas Daniel sold 750 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $66.01, for a total value of $49,507.50. Following the transaction, the insider now directly owns 19,682 shares in the company, valued at approximately $1,299,208.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Etsy news, insider Nicholas Daniel sold 750 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $66.01, for a total value of $49,507.50. Following the transaction, the insider now directly owns 19,682 shares in the company, valued at approximately $1,299,208.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 2,827 shares in the company, valued at $183,868.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,968 shares of company stock valued at $4,836,827. Corporate insiders own 2.60% of the company’s stock.

About Etsy

(Free Report)

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.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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