Quadrant Capital Group LLC Acquires 1,548 Shares of Etsy, Inc. (NASDAQ:ETSY)

Quadrant Capital Group LLC raised its holdings in shares of Etsy, Inc. (NASDAQ:ETSY) by 162.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,500 shares of the specialty retailer’s stock after acquiring an additional 1,548 shares during the period. Quadrant Capital Group LLC’s holdings in Etsy were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ETSY. DJE Kapital AG bought a new position in shares of Etsy in the fourth quarter worth approximately $983,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Etsy by 12.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer’s stock worth $59,820,000 after purchasing an additional 122,126 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Etsy by 313.1% in the third quarter. Principal Financial Group Inc. now owns 542,505 shares of the specialty retailer’s stock worth $30,125,000 after purchasing an additional 411,165 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Etsy in the fourth quarter worth approximately $492,000. Finally, Intech Investment Management LLC bought a new position in shares of Etsy in the fourth quarter worth approximately $751,000. 99.53% of the stock is currently owned by institutional investors.

Etsy Stock Performance

NASDAQ ETSY opened at $44.04 on Thursday. Etsy, Inc. has a one year low of $40.05 and a one year high of $71.72. The stock has a 50-day moving average of $49.21 and a 200 day moving average of $52.04. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 2.57 and a beta of 2.15.

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

Insider Buying and Selling at Etsy

In other news, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total transaction of $69,745.20. Following the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $28,593.60. The trade was a 70.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 50,952 shares of company stock worth $2,554,620 in the last three months. 2.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ETSY. Wells Fargo & Company cut their target price on shares of Etsy from $47.00 to $46.00 and set an “underweight” rating on the stock in a report on Wednesday, April 2nd. Loop Capital dropped their price target on Etsy from $45.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target on Etsy from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday. Bank of America dropped their price target on Etsy from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, UBS Group dropped their price target on Etsy from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.71.

About Etsy

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.