Schaper Benz & Wise Investment Counsel Inc. WI Grows Stake in Etsy, Inc. (NASDAQ:ETSY)

Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,604 shares of the specialty retailer’s stock after acquiring an additional 462 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Etsy were worth $2,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC lifted its position in Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 181 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Etsy in the 4th quarter valued at about $38,000. Capital Performance Advisors LLP purchased a new stake in Etsy during the 3rd quarter worth approximately $43,000. Versant Capital Management Inc increased its stake in Etsy by 153.1% during the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after buying an additional 499 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Etsy by 95.1% during the 4th 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. Institutional investors own 99.53% of the company’s stock.

Wall Street Analyst Weigh In

ETSY has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on Etsy from $56.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Canaccord Genuity Group reduced their price objective on Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $60.00 price target on shares of Etsy in a research note on Thursday, February 20th. UBS Group cut their price target on Etsy from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, Truist Financial dropped their price objective on Etsy from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Etsy presently has a consensus rating of “Hold” and an average price target of $58.78.

Insider Activity

In related news, CEO Josh Silverman sold 21,666 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 5,004 shares in the company, valued at approximately $260,458.20. This trade 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 firm’s stock in a transaction that occurred on 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 of the company’s stock, 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 sold 24,666 shares of company stock worth $1,286,445 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Etsy Stock Down 0.3 %

Shares of NASDAQ ETSY opened at $46.80 on Friday. The firm has a fifty day moving average of $53.17 and a 200-day moving average of $53.53. Etsy, Inc. has a 52-week low of $45.85 and a 52-week high of $73.48. The stock has a market capitalization of $5.01 billion, a PE ratio of 19.75, a P/E/G ratio of 2.57 and a beta of 2.23.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data 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 firm 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%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. Equities research analysts expect that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

About Etsy

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.