Bokf Na Purchases 7,385 Shares of Etsy, Inc. (NASDAQ:ETSY)

Bokf Na increased its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 184.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,386 shares of the specialty retailer’s stock after purchasing an additional 7,385 shares during the period. Bokf Na’s holdings in Etsy were worth $750,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ETSY. Norges Bank bought a new stake in Etsy during the fourth quarter valued at about $86,494,000. Van ECK Associates Corp raised its stake in Etsy by 26.5% during the 4th quarter. Van ECK Associates Corp now owns 4,616,990 shares of the specialty retailer’s stock valued at $374,207,000 after purchasing an additional 967,777 shares during the period. TD Asset Management Inc lifted its holdings in Etsy by 260.2% in the 4th quarter. TD Asset Management Inc now owns 1,319,190 shares of the specialty retailer’s stock worth $106,920,000 after purchasing an additional 952,907 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in Etsy by 84.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,309,510 shares of the specialty retailer’s stock worth $106,136,000 after purchasing an additional 599,286 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in Etsy by 120.7% during the 1st quarter. DAVENPORT & Co LLC now owns 789,917 shares of the specialty retailer’s stock valued at $54,021,000 after buying an additional 431,993 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insider Transactions at Etsy

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $65.68, for a total transaction of $94,841.92. Following the completion of the sale, the insider now owns 592 shares in the company, valued at $38,882.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

ETSY has been the topic of several research analyst reports. Canaccord Genuity Group lowered their target price on shares of Etsy from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Stifel Nicolaus cut their price objective on Etsy from $67.00 to $65.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company decreased their target price on Etsy from $58.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 25th. Needham & Company LLC cut their price target on Etsy from $95.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Etsy from $80.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $78.75.

Etsy Price Performance

Shares of NASDAQ:ETSY traded up $1.74 during trading on Monday, reaching $64.01. 513,913 shares of the company were exchanged, compared to its average volume of 3,562,575. The business’s fifty day simple moving average is $61.10 and its 200-day simple moving average is $66.21. Etsy, Inc. has a 12-month low of $55.08 and a 12-month high of $102.81. The firm has a market capitalization of $7.48 billion, a PE ratio of 28.43, a P/E/G ratio of 5.09 and a beta of 2.02.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. The firm had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $646.30 million. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, sell-side analysts anticipate that Etsy, Inc. will post 2.48 EPS for the current fiscal year.

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.