2,901 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in shares of Etsy, Inc. (NASDAQ:ETSY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,901 shares of the specialty retailer’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ETSY. CVA Family Office LLC bought a new stake in Etsy in the fourth quarter valued at approximately $27,000. Operose Advisors LLC bought a new position in Etsy during the third quarter valued at about $28,000. Tompkins Financial Corp purchased a new stake in Etsy during the fourth quarter worth about $41,000. Harvest Fund Management Co. Ltd purchased a new position in Etsy in the fourth quarter valued at about $49,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Etsy during the 4th quarter worth approximately $54,000. 99.53% of the stock is currently owned by institutional investors.

Insider Transactions at Etsy

In related news, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was 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 $183,868.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, 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 transaction of $108,681.84. Following the completion of the sale, the chief accounting officer now owns 2,827 shares of the company’s stock, valued at $183,868.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total value of $107,730.00. Following the completion of the sale, the insider now owns 13,138 shares in the company, valued at $943,571.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,968 shares of company stock valued at $4,836,827. 2.60% of the stock is currently owned by corporate insiders.

Etsy Price Performance

Shares of ETSY stock traded up $0.31 during mid-day trading on Tuesday, hitting $62.77. The company had a trading volume of 2,023,551 shares, compared to its average volume of 3,882,728. The company has a market capitalization of $7.34 billion, a P/E ratio of 28.52, a P/E/G ratio of 4.73 and a beta of 2.00. The stock’s 50 day moving average price is $67.58 and its 200-day moving average price is $71.53. Etsy, Inc. has a 52-week low of $56.60 and a 52-week high of $102.81.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wedbush reduced their price objective on Etsy from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. JMP Securities downgraded shares of Etsy from an “outperform” rating to a “market perform” rating in a report on Thursday, May 2nd. Needham & Company LLC lowered their price target on shares of Etsy from $95.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley reduced their price objective on shares of Etsy from $55.00 to $52.00 and set an “underweight” rating for the company in a research note on Thursday, May 2nd. Finally, BTIG Research dropped their target price on Etsy from $87.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Four equities research 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $79.96.

Etsy 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.