New Age Alpha Advisors LLC Makes New Investment in Etsy, Inc. (NASDAQ:ETSY)

New Age Alpha Advisors LLC bought a new stake in Etsy, Inc. (NASDAQ:ETSY) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 115,653 shares of the specialty retailer’s stock, valued at approximately $6,117,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETSY. Lindbrook Capital LLC lifted its holdings in shares of Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Etsy in the 4th quarter valued at $38,000. Versant Capital Management Inc boosted 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 purchasing an additional 499 shares during the period. Blue Trust Inc. grew its position in Etsy by 95.1% during the 4th quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 426 shares during the last quarter. Finally, Denver PWM LLC raised its holdings in shares of Etsy by 36.1% in the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 289 shares during the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

Etsy Stock Performance

ETSY opened at $46.92 on Friday. The company has a market cap of $5.02 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23. The stock has a 50-day moving average of $51.05 and a 200-day moving average of $52.67. Etsy, Inc. has a 52-week low of $43.43 and a 52-week high of $71.72.

Etsy (NASDAQ:ETSY) last announced its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. During the same quarter last year, the firm posted $0.62 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

ETSY has been the subject of several analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Etsy in a research note on Monday, December 16th. Truist Financial lowered their price objective on shares of Etsy from $70.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Etsy from $44.00 to $47.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft cut shares of Etsy to a “hold” rating and cut their price target for the stock from $45.00 to $43.00 in a report on Wednesday, February 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Etsy in a report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Etsy currently has a consensus rating of “Hold” and a consensus price target of $58.42.

Insider Buying and Selling at Etsy

In related news, CEO Josh Silverman sold 21,666 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 5,004 shares in the company, valued at approximately $260,458.20. This trade represents a 81.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction dated 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 owns 20,698 shares in the company, valued at $1,044,835.04. This represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,666 shares of company stock valued at $1,286,445 in the last 90 days. 2.60% of the stock is currently owned by insiders.

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.