Campbell & CO Investment Adviser LLC Has $222,000 Stake in Etsy, Inc. $ETSY

Campbell & CO Investment Adviser LLC decreased its holdings in Etsy, Inc. (NASDAQ:ETSY) by 86.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,347 shares of the specialty retailer’s stock after selling 20,599 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Etsy were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ETSY. Integrated Wealth Concepts LLC lifted its holdings in Etsy by 19.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the specialty retailer’s stock worth $282,000 after buying an additional 961 shares in the last quarter. Empowered Funds LLC increased its stake in Etsy by 55.5% in the first quarter. Empowered Funds LLC now owns 9,673 shares of the specialty retailer’s stock valued at $456,000 after purchasing an additional 3,451 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Etsy in the 1st quarter valued at $2,181,000. GAMMA Investing LLC raised its stake in Etsy by 44.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,789 shares of the specialty retailer’s stock worth $140,000 after buying an additional 861 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Etsy during the second quarter worth about $236,000. 99.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ETSY has been the topic of several research reports. Needham & Company LLC boosted their price objective on shares of Etsy from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $72.00 price target on shares of Etsy in a research note on Thursday, October 23rd. Evercore ISI cut Etsy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Citigroup reiterated a “buy” rating on shares of Etsy in a research note on Tuesday, December 30th. Finally, Weiss Ratings upgraded Etsy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus target price of $63.88.

Etsy Trading Down 3.9%

NASDAQ ETSY opened at $60.07 on Friday. The company has a 50 day moving average of $56.37 and a 200-day moving average of $60.51. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 10.65 and a beta of 1.74. Etsy, Inc. has a 1-year low of $40.05 and a 1-year high of $76.51.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $678.03 million for the quarter, compared to analysts’ expectations of $655.83 million. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.Etsy’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. On average, equities research analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current year.

Etsy declared that its board has initiated a share buyback program on Thursday, December 18th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 14.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Etsy news, CAO Merilee Buckley sold 5,636 shares of Etsy stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $58.45, for a total value of $329,424.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Bradley Minor sold 3,095 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $57.81, for a total value of $178,921.95. Following the transaction, the chief marketing officer directly owned 7,373 shares of the company’s stock, valued at approximately $426,233.13. The trade was a 29.57% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 154,056 shares of company stock worth $8,931,918. 2.80% of the stock is owned by company insiders.

Etsy Profile

Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy’s revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.