Van Hulzen Asset Management LLC Has $612,000 Stake in Etsy, Inc. (NASDAQ:ETSY)

Van Hulzen Asset Management LLC lifted its stake in shares of Etsy, Inc. (NASDAQ:ETSYGet Rating) by 168.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,797 shares of the specialty retailer’s stock after buying an additional 1,755 shares during the period. Van Hulzen Asset Management LLC’s holdings in Etsy were worth $612,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ETSY. Principal Financial Group Inc. grew its position in shares of Etsy by 1,113.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,002,122 shares of the specialty retailer’s stock worth $416,361,000 after buying an additional 1,837,111 shares during the period. Flossbach Von Storch AG grew its position in Etsy by 226.7% in the 3rd quarter. Flossbach Von Storch AG now owns 2,189,391 shares of the specialty retailer’s stock valued at $455,306,000 after purchasing an additional 1,519,258 shares during the period. Nikko Asset Management Americas Inc. grew its position in Etsy by 96.3% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 1,058,791 shares of the specialty retailer’s stock valued at $219,117,000 after purchasing an additional 519,307 shares during the period. Capital World Investors grew its position in Etsy by 17.8% in the 3rd quarter. Capital World Investors now owns 3,042,393 shares of the specialty retailer’s stock valued at $632,696,000 after purchasing an additional 460,568 shares during the period. Finally, SG Americas Securities LLC grew its position in Etsy by 117.5% in the 3rd quarter. SG Americas Securities LLC now owns 62,849 shares of the specialty retailer’s stock valued at $13,070,000 after purchasing an additional 422,885 shares during the period. 89.25% of the stock is owned by institutional investors.

In other news, CAO Merilee Buckley sold 655 shares of the company’s stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $132.54, for a total transaction of $86,813.70. Following the sale, the chief accounting officer now directly owns 171 shares in the company, valued at $22,664.34. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Josh Silverman sold 20,850 shares of the company’s stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $116.54, for a total value of $2,429,859.00. Following the sale, the chief executive officer now owns 102,707 shares in the company, valued at $11,969,473.78. The disclosure for this sale can be found here. Insiders sold a total of 109,975 shares of company stock worth $16,251,348 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

Etsy stock traded up $7.74 during midday trading on Tuesday, reaching $118.21. The stock had a trading volume of 78,569 shares, compared to its average volume of 3,830,673. Etsy, Inc. has a 12 month low of $105.80 and a 12 month high of $307.75. The firm’s 50-day moving average price is $134.73 and its 200 day moving average price is $189.01. The firm has a market capitalization of $15.02 billion, a PE ratio of 34.59, a P/E/G ratio of 1.40 and a beta of 1.64. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 3.80.

Etsy (NASDAQ:ETSYGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The specialty retailer reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.35. Etsy had a return on equity of 83.06% and a net margin of 21.19%. The business had revenue of $717.14 million for the quarter, compared to analysts’ expectations of $685.45 million. During the same period in the previous year, the business posted $1.08 EPS. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. Equities research analysts expect that Etsy, Inc. will post 3.29 EPS for the current year.

Several analysts recently issued reports on the stock. Wedbush reduced their price target on shares of Etsy from $250.00 to $185.00 in a research report on Friday, February 25th. Oppenheimer cut their price objective on shares of Etsy from $215.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Etsy in a report on Friday, March 11th. They set a “hold” rating and a $145.00 price objective on the stock. Guggenheim cut their price objective on shares of Etsy from $330.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, January 7th. Finally, BTIG Research cut their price objective on shares of Etsy from $230.00 to $195.00 in a report on Friday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $212.37.

About Etsy (Get Rating)

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.

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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:ETSYGet Rating).

Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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