Leonteq Securities AG Takes $712,000 Position in Etsy Inc $ETSY

Leonteq Securities AG acquired a new stake in Etsy Inc (NYSE:ETSY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,840 shares of the company’s stock, valued at approximately $712,000.

Several other hedge funds have also recently added to or reduced their stakes in ETSY. Abich Financial Wealth Management LLC acquired a new position in Etsy in the 3rd quarter valued at $51,000. Danske Bank A S acquired a new position in Etsy in the 3rd quarter valued at $66,000. LSV Asset Management acquired a new position in Etsy in the 3rd quarter valued at $86,000. MAI Capital Management raised its stake in Etsy by 215.0% in the 3rd quarter. MAI Capital Management now owns 1,320 shares of the company’s stock valued at $88,000 after purchasing an additional 901 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Etsy by 10.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock valued at $88,000 after purchasing an additional 158 shares during the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

Etsy Stock Up 2.9%

Shares of ETSY opened at $62.48 on Friday. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $76.51. The firm has a market cap of $5.93 billion, a P/E ratio of 26.03, a PEG ratio of 5.41 and a beta of 1.89. The business has a fifty day moving average of $57.20.

Etsy (NYSE:ETSY) last issued its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%.The business had revenue of $881.64 million during the quarter. On average, equities analysts expect that Etsy Inc will post 3.74 EPS for the current year.

Analyst Upgrades and Downgrades

ETSY has been the subject of several recent research reports. Susquehanna downgraded Etsy to a “neutral” rating in a research note on Thursday. Bank of America reduced their price objective on Etsy from $77.00 to $72.00 in a research note on Wednesday. BTIG Research increased their price objective on Etsy from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Arete Research set a $76.00 price objective on Etsy and gave the company a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC increased their price objective on Etsy from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Etsy currently has a consensus rating of “Hold” and a consensus price target of $70.75.

Insider Buying and Selling

In other Etsy news, CFO Charles Baker sold 2,030 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $63.50, for a total value of $128,905.00. Following the completion of the sale, the chief financial officer directly owned 6,913 shares of the company’s stock, valued at $438,975.50. This trade represents a 22.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Josh Silverman sold 88,350 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $64.18, for a total value of $5,670,303.00. Following the completion of the sale, the insider directly owned 130,694 shares of the company’s stock, valued at $8,387,940.92. This trade represents a 40.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 278,569 shares of company stock valued at $17,728,487 over the last 90 days. Insiders own 2.50% of the company’s stock.

Etsy Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.