Moody National Bank Trust Division Buys 999 Shares of Etsy, Inc. (NASDAQ:ETSY)

Moody National Bank Trust Division increased its stake in Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,841 shares of the specialty retailer’s stock after purchasing an additional 999 shares during the quarter. Moody National Bank Trust Division’s holdings in Etsy were worth $2,257,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ETSY. Clearbridge Investments LLC increased its stake in Etsy by 69.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,314,633 shares of the specialty retailer’s stock worth $287,663,000 after buying an additional 950,415 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Etsy in the 2nd quarter worth $68,052,000. SRS Investment Management LLC increased its stake in Etsy by 156.5% in the 2nd quarter. SRS Investment Management LLC now owns 1,375,260 shares of the specialty retailer’s stock worth $100,683,000 after buying an additional 839,063 shares in the last quarter. Capital International Investors increased its stake in Etsy by 56.1% in the 1st quarter. Capital International Investors now owns 2,137,886 shares of the specialty retailer’s stock worth $265,696,000 after buying an additional 768,350 shares in the last quarter. Finally, Bares Capital Management Inc. increased its stake in Etsy by 86.7% in the 3rd quarter. Bares Capital Management Inc. now owns 1,543,233 shares of the specialty retailer’s stock worth $154,524,000 after buying an additional 716,680 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

ETSY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Etsy from $95.00 to $115.00 and gave the stock a “hold” rating in a research note on Thursday, February 2nd. JMP Securities increased their price target on Etsy from $120.00 to $140.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 25th. UBS Group raised their price objective on Etsy from $124.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, February 23rd. Truist Financial raised their price objective on Etsy from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Finally, Morgan Stanley cut their price objective on Etsy from $75.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Etsy has a consensus rating of “Hold” and a consensus price target of $130.67.

Etsy Trading Up 0.9 %

NASDAQ ETSY traded up $0.91 during trading on Friday, hitting $105.34. The stock had a trading volume of 3,176,030 shares, compared to its average volume of 3,344,981. The stock has a 50 day simple moving average of $127.91 and a 200 day simple moving average of $117.79. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.40 and a current ratio of 2.40. Etsy, Inc. has a one year low of $67.01 and a one year high of $151.50. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of -18.35, a P/E/G ratio of 5.77 and a beta of 1.99.

Etsy (NASDAQ:ETSY – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.05). Etsy had a negative net margin of 27.06% and a positive return on equity of 1,306.41%. The business had revenue of $807.20 million for the quarter, compared to analysts’ expectations of $752.12 million. During the same period in the previous year, the business earned $1.11 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. Sell-side analysts predict that Etsy, Inc. will post 2.62 earnings per share for the current year.

Insider Activity

In related news, insider Nicholas Daniel sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $135.18, for a total transaction of $135,180.00. Following the completion of the transaction, the insider now directly owns 3,309 shares in the company, valued at $447,310.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $132.87, for a total transaction of $2,770,339.50. Following the completion of the sale, the chief executive officer now owns 107,305 shares of the company’s stock, valued at $14,257,615.35. 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 1,000 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $135.18, for a total transaction of $135,180.00. Following the sale, the insider now directly owns 3,309 shares of the company’s stock, valued at approximately $447,310.62. The disclosure for this sale can be found here. Insiders have sold 84,542 shares of company stock valued at $10,731,872 over the last ninety days. 3.10% of the stock is currently owned by insiders.

Etsy Profile

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Etsy, Inc engages in the operation of online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments. Etsy, Reverb, Depop, and Elo7. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in 2005 and is headquartered in New York, NY.