Knuff & Co LLC Purchases 7,648 Shares of Etsy, Inc. (NASDAQ:ETSY)

Knuff & Co LLC boosted its position in Etsy, Inc. (NASDAQ:ETSY) by 84.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,696 shares of the specialty retailer’s stock after buying an additional 7,648 shares during the quarter. Knuff & Co LLC’s holdings in Etsy were worth $1,353,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in shares of Etsy in the fourth quarter worth $27,000. Operose Advisors LLC purchased a new stake in shares of Etsy in the third quarter worth $28,000. Tompkins Financial Corp purchased a new stake in shares of Etsy in the fourth quarter worth $41,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Etsy in the fourth quarter worth $49,000. Finally, KB Financial Partners LLC grew its stake in shares of Etsy by 99.5% in the third quarter. KB Financial Partners LLC now owns 836 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 417 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Insider Activity at Etsy

In related news, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total transaction of $108,681.84. Following the transaction, the chief accounting officer now directly owns 2,827 shares of the company’s stock, valued at approximately $183,868.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Etsy news, CEO Josh Silverman sold 63,047 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the sale, the chief executive officer now owns 23,140 shares in the company, valued at approximately $1,677,650. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Merilee Buckley sold 1,671 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total value of $108,681.84. Following the sale, the chief accounting officer now owns 2,827 shares in the company, valued at approximately $183,868.08. The disclosure for this sale can be found here. Insiders have sold 66,968 shares of company stock valued at $4,836,827 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Etsy Stock Up 1.2 %

ETSY traded up $0.73 during trading hours on Friday, reaching $59.97. 5,617,654 shares of the company’s stock traded hands, compared to its average volume of 3,661,918. The firm has a 50-day moving average price of $67.77 and a 200 day moving average price of $71.53. Etsy, Inc. has a 52-week low of $56.60 and a 52-week high of $102.81. The firm has a market capitalization of $7.02 billion, a PE ratio of 27.38, a PEG ratio of 4.22 and a beta of 2.00.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $646.00 million during the quarter, compared to the consensus estimate of $646.30 million. Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Equities analysts predict that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Etsy from $80.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. UBS Group dropped their price objective on Etsy from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, February 22nd. B. Riley dropped their price objective on Etsy from $91.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group dropped their target price on Etsy from $80.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group dropped their target price on Etsy from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Etsy has an average rating of “Hold” and an average target price of $79.96.

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.