Heron Bay Capital Management Has $1.07 Million Holdings in Etsy, Inc. (NASDAQ:ETSY)

Heron Bay Capital Management grew its stake in Etsy, Inc. (NASDAQ:ETSY) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,260 shares of the specialty retailer’s stock after buying an additional 258 shares during the quarter. Heron Bay Capital Management’s holdings in Etsy were worth $1,072,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its holdings in shares of Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 181 shares during the period. Kestra Investment Management LLC acquired a new position in Etsy during the fourth quarter worth $38,000. Versant Capital Management Inc boosted its holdings in Etsy by 153.1% during the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 499 shares during the last quarter. Blue Trust Inc. boosted its holdings in Etsy by 95.1% during the fourth quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 426 shares during the last quarter. Finally, Denver PWM LLC boosted its holdings in Etsy by 36.1% during the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ETSY shares. Loop Capital reduced their target price on shares of Etsy from $45.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $60.00 target price on shares of Etsy in a report on Thursday, February 20th. Stifel Nicolaus dropped their price target on shares of Etsy from $56.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. started coverage on shares of Etsy in a research report on Wednesday. They set a “neutral” rating and a $50.00 price target on the stock. Finally, Cantor Fitzgerald dropped their price target on shares of Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Etsy presently has an average rating of “Hold” and a consensus price target of $58.42.

Etsy Stock Performance

NASDAQ:ETSY opened at $45.11 on Friday. Etsy, Inc. has a 52 week low of $43.43 and a 52 week high of $71.72. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.57 and a beta of 2.23. The firm’s 50-day simple moving average is $51.57 and its 200 day simple moving average is $52.88.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The business had revenue of $852.16 million for the quarter, compared to analyst estimates of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. Etsy’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. Sell-side analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Insiders Place Their Bets

In other Etsy news, CEO Josh Silverman sold 21,666 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the sale, the chief executive officer now directly owns 5,004 shares in the company, valued at $260,458.20. This represents a 81.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the sale, the insider now owns 22,198 shares in the company, valued at $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 have sold 24,666 shares of company stock worth $1,286,445 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

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.