DORCHESTER WEALTH MANAGEMENT Co Has $273,000 Holdings in Etsy, Inc. (NASDAQ:ETSY)

DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Etsy, Inc. (NASDAQ:ETSY) by 34.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,160 shares of the specialty retailer’s stock after buying an additional 1,310 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Etsy were worth $273,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Etsy by 106.5% during the 3rd quarter. Blue Trust Inc. now owns 448 shares of the specialty retailer’s stock worth $26,000 after buying an additional 231 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Etsy in the 4th quarter valued at about $38,000. Capital Performance Advisors LLP acquired a new stake in shares of Etsy in the 3rd quarter valued at about $43,000. Versant Capital Management Inc raised its stake in shares of Etsy by 153.1% in the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 499 shares during the period. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Etsy in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Insider Activity

In other news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction that occurred 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 sale, the insider now directly owns 22,198 shares in the company, valued at approximately $1,228,437.32. The trade was a 6.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on ETSY shares. JMP Securities reissued a “market perform” rating on shares of Etsy in a research note on Monday, December 16th. Moffett Nathanson lifted their price target on Etsy from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Cantor Fitzgerald dropped their price target on Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday. Needham & Company LLC restated a “buy” rating and issued a $60.00 price objective on shares of Etsy in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut Etsy to a “hold” rating and decreased their price objective for the company from $45.00 to $43.00 in a report on Wednesday, February 12th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $58.78.

Etsy Trading Down 0.3 %

NASDAQ ETSY opened at $51.26 on Friday. Etsy, Inc. has a 1-year low of $47.10 and a 1-year high of $74.82. The company has a 50 day moving average of $54.43 and a 200-day moving average of $53.78. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.57 and a beta of 2.00.

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

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

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.