Etsy, Inc. (NASDAQ:ETSY) Stock Holdings Increased by Cooper Financial Group

Cooper Financial Group grew its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,439 shares of the specialty retailer’s stock after buying an additional 642 shares during the period. Cooper Financial Group’s holdings in Etsy were worth $764,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Etsy by 106.5% in the third quarter. Blue Trust Inc. now owns 448 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 231 shares during the period. UMB Bank n.a. lifted its holdings in shares of Etsy by 112.3% in the 3rd quarter. UMB Bank n.a. now owns 552 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 292 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Etsy during the 3rd quarter valued at approximately $43,000. Versant Capital Management Inc grew its stake in Etsy by 153.1% during the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after buying an additional 499 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Etsy in the third quarter worth $59,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ETSY. Stifel Nicolaus dropped their price objective on shares of Etsy from $64.00 to $56.00 and set a “hold” rating on the stock in a report on Monday, October 28th. The Goldman Sachs Group cut Etsy from a “neutral” rating to a “sell” rating and cut their price target for the company from $70.00 to $45.00 in a report on Tuesday, October 15th. Moffett Nathanson increased their price objective on Etsy from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Jefferies Financial Group raised Etsy from an “underperform” rating to a “hold” rating and lifted their target price for the company from $45.00 to $55.00 in a research note on Monday. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $50.00 price target on shares of Etsy in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.54.

Insider Buying and Selling

In related news, insider Nicholas Daniel sold 750 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $52.50, for a total value of $39,375.00. Following the transaction, the insider now directly owns 24,371 shares of the company’s stock, valued at approximately $1,279,477.50. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.

Etsy Trading Up 1.7 %

Shares of ETSY opened at $53.45 on Tuesday. Etsy, Inc. has a 1-year low of $47.10 and a 1-year high of $80.30. The stock has a market capitalization of $6.01 billion, a P/E ratio of 27.27, a P/E/G ratio of 6.96 and a beta of 1.99. The business’s 50-day moving average price is $54.79 and its 200 day moving average price is $55.03.

Etsy (NASDAQ:ETSY) last issued its earnings results on Wednesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.09). Etsy had a negative return on equity of 46.79% and a net margin of 9.17%. The business had revenue of $662.40 million during the quarter, compared to analyst estimates of $652.47 million. During the same period last year, the business earned $0.64 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts predict that Etsy, Inc. will post 2.25 earnings per share for the current year.

Etsy declared that its board has approved a share buyback plan on Wednesday, October 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to reacquire up to 17.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Etsy 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.