Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Prospera Financial Services Inc - Defense World

Summary

Prospera Financial Services Inc cut its holdings in Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 76.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,419 shares of the specialty retailer’s stock after selling 4,543 shares during the quarter. Prospera Financial Services Inc’s holdings in Etsy were worth $176,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rinkey Investments acquired a new position in Etsy in the fourth quarter valued at $26,000. American National Bank increased its stake in Etsy by 71.3% in the first quarter. American National Bank now owns 209 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 87 shares during the period. Covestor Ltd acquired a new position in Etsy in the fourth quarter valued at $29,000. Mogy Joel R Investment Counsel Inc. acquired a new position in Etsy in the fourth quarter valued at $35,000. Finally, CVA Family Office LLC increased its stake in Etsy by 170.8% in the first quarter. CVA Family Office LLC now owns 325 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 205 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Prospera Financial Services Inc cut its holdings in Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 76.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,419 shares of the specialty retailer’s stock after selling 4,543 shares during the quarter. Prospera Financial Services Inc’s holdings in Etsy were worth $176,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rinkey Investments acquired a new position in Etsy in the fourth quarter valued at $26,000. American National Bank increased its stake in Etsy by 71.3% in the first quarter. American National Bank now owns 209 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 87 shares during the period. Covestor Ltd acquired a new position in Etsy in the fourth quarter valued at $29,000. Mogy Joel R Investment Counsel Inc. acquired a new position in Etsy in the fourth quarter valued at $35,000. Finally, CVA Family Office LLC increased its stake in Etsy by 170.8% in the first quarter. CVA Family Office LLC now owns 325 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 205 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, CMO Ryan M. Scott sold 712 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $71,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CMO Ryan M. Scott sold 712 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $71,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Josh Silverman sold 20,850 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $72.45, for a total transaction of $1,510,582.50. Following the transaction, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at approximately $7,441,122.15. The disclosure for this sale can be found here. Insiders sold a total of 111,280 shares of company stock valued at $9,120,392 over the last 90 days. Insiders own 3.10% of the company’s stock.

Etsy Stock Performance

NASDAQ:ETSY opened at $108.50 on Thursday. The firm has a 50 day simple moving average of $84.47 and a 200-day simple moving average of $110.62. The company has a debt-to-equity ratio of 4.10, a current ratio of 2.93 and a quick ratio of 2.93. The firm has a market cap of $13.74 billion, a PE ratio of 38.20, a P/E/G ratio of 4.80 and a beta of 1.88. Etsy, Inc. has a 1-year low of $67.01 and a 1-year high of $307.75.

Etsy (NASDAQ:ETSY – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. The business had revenue of $585.20 million during the quarter, compared to analyst estimates of $556.85 million. Etsy had a net margin of 17.01% and a return on equity of 67.88%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, equities analysts expect that Etsy, Inc. will post 2.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ETSY. Truist Financial lowered their target price on shares of Etsy from $150.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Piper Sandler began coverage on shares of Etsy in a report on Wednesday. They issued a “neutral” rating and a $95.00 target price on the stock. KeyCorp began coverage on shares of Etsy in a report on Wednesday, July 20th. They issued a “sector weight” rating on the stock. Oppenheimer lifted their target price on shares of Etsy from $120.00 to $127.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Finally, Sanford C. Bernstein began coverage on shares of Etsy in a report on Monday, May 23rd. They issued an “outperform” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $133.20.

About Etsy

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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.

Further Reading

Want to see what other hedge funds are holding ETSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Etsy, Inc. (NASDAQ:ETSY – Get Rating).

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Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Prospera Financial Services Inc - Defense World
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