Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its position in Etsy, Inc. (NASDAQ:ETSY) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,348 shares of the specialty retailer’s stock after selling 12,927 shares during the period. Trillium Asset Management LLC’s holdings in Etsy were worth $4,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in shares of Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 181 shares during the period. Larson Financial Group LLC boosted its holdings in Etsy by 8.7% in the 4th quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 218 shares in the last quarter. Denver PWM LLC increased its position in Etsy by 36.1% during the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 289 shares during the period. Gagnon Securities LLC raised its stake in shares of Etsy by 7.9% during the 4th quarter. Gagnon Securities LLC now owns 5,148 shares of the specialty retailer’s stock worth $272,000 after buying an additional 376 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Etsy by 7.3% in the 4th quarter. M&T Bank Corp now owns 6,009 shares of the specialty retailer’s stock valued at $318,000 after buying an additional 409 shares during the period. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ETSY shares. Loop Capital dropped their price objective on Etsy from $45.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, February 20th. Cantor Fitzgerald decreased their target price on shares of Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group upgraded shares of Etsy from an “underperform” rating to a “hold” rating and increased their price target for the company from $45.00 to $55.00 in a report on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of Etsy in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Etsy to a “hold” rating and lowered their target price for the stock from $45.00 to $43.00 in a research report on Wednesday, February 12th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Etsy presently has an average rating of “Hold” and an average price target of $58.42.

Etsy Stock Performance

Shares of ETSY opened at $44.72 on Thursday. Etsy, Inc. has a 1 year low of $43.43 and a 1 year high of $71.72. The company’s 50 day simple moving average is $51.88 and its 200 day simple moving average is $53.02. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.57 and a beta of 2.23.

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

Insider Buying and Selling at Etsy

In related news, CEO Josh Silverman sold 21,666 shares of the stock in a transaction on Monday, February 24th. The stock was 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 directly owns 5,004 shares of the company’s stock, valued at approximately $260,458.20. This trade represents a 81.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the completion of the transaction, the insider now owns 22,198 shares in the company, valued at $1,228,437.32. The trade was a 6.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,666 shares of company stock worth $1,286,445 in the last 90 days. 2.60% of the stock is owned by company 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.