32,332 Etsy Inc $ETSY Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its position in Etsy Inc (NYSE:ETSY) by 40.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 112,947 shares of the company’s stock after purchasing an additional 32,332 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Etsy were worth $8,075,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Etsy during the second quarter worth $34,000. EFG International AG bought a new stake in shares of Etsy in the 2nd quarter valued at $45,000. Blue Trust Inc. increased its position in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after buying an additional 200 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Etsy by 2,379.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock valued at $80,000 after buying an additional 1,023 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Etsy during the 2nd quarter worth $105,000. 99.53% of the stock is owned by institutional investors.

Etsy Stock Up 4.0%

Etsy stock opened at $90.70 on Friday. The company has a 50 day moving average of $77.61 and a 200-day moving average of $73.16. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $91.06. The stock has a market capitalization of $8.61 billion, a PE ratio of 50.67, a price-to-earnings-growth ratio of 2.18 and a beta of 1.86.

Etsy (NYSE:ETSY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a negative return on equity of 34.18% and a net margin of 7.32%. The company had revenue of $668.31 million for the quarter, compared to analyst estimates of $646.10 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Equities analysts anticipate that Etsy Inc will post 3.94 EPS for the current fiscal year.

Insider Transactions at Etsy

In other Etsy news, Director Charles Ballard sold 4,500 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $81.85, for a total transaction of $368,325.00. Following the completion of the transaction, the director owned 4,239 shares in the company, valued at approximately $346,962.15. This represents a 51.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick Wilson sold 20,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $81.86, for a total value of $1,637,200.00. Following the transaction, the director owned 401,329 shares of the company’s stock, valued at approximately $32,852,791.94. This trade represents a 4.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 133,251 shares of company stock worth $10,966,499. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ETSY. Piper Sandler lifted their target price on Etsy from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Wedbush began coverage on Etsy in a research note on Thursday, July 16th. They issued a “neutral” rating and a $80.00 target price for the company. Sanford C. Bernstein upgraded Etsy from a “hold” rating to a “strong-buy” rating in a report on Friday, September 11th. JPMorgan Chase & Co. upgraded Etsy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $85.00 to $100.00 in a report on Friday, August 7th. Finally, Oppenheimer raised Etsy from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.21.

About Etsy

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.