Aigen Investment Management LP Buys New Shares in Etsy, Inc. (NASDAQ:ETSY)

Aigen Investment Management LP purchased a new stake in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,819 shares of the specialty retailer's stock, valued at approximately $1,048,000.

Several other institutional investors have also added to or reduced their stakes in ETSY. Kestra Investment Management LLC bought a new position in shares of Etsy during the 4th quarter valued at approximately $38,000. Capital Performance Advisors LLP purchased a new stake in Etsy during the third quarter valued at $43,000. Versant Capital Management Inc lifted its position in Etsy by 153.1% during the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer's stock valued at $44,000 after purchasing an additional 499 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Etsy by 95.1% in the 4th quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer's stock worth $46,000 after buying an additional 426 shares in the last quarter. Finally, Denver PWM LLC increased its holdings in shares of Etsy by 36.1% in the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer's stock worth $58,000 after buying an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.

Insider Buying and Selling

In related news, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 22,198 shares in the company, valued at $1,228,437.32. The trade was a 6.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Josh Silverman sold 21,666 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $52.05, for a total value of $1,127,715.30. Following the completion of the sale, the chief executive officer now owns 5,004 shares of the company's stock, valued at approximately $260,458.20. This trade represents a 81.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,666 shares of company stock valued at $1,286,445 over the last 90 days. Corporate insiders own 2.60% of the company's stock.

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Etsy Stock Down 0.3 %

Shares of ETSY stock traded down $0.15 on Friday, hitting $46.80. The stock had a trading volume of 3,500,579 shares, compared to its average volume of 3,552,598. Etsy, Inc. has a one year low of $45.85 and a one year high of $73.48. The business has a 50 day moving average price of $53.29 and a 200 day moving average price of $53.59. The company has a market cap of $5.01 billion, a PE ratio of 19.75, a P/E/G ratio of 2.57 and a beta of 2.00.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The business had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. During the same quarter last year, the firm posted $0.62 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts expect that Etsy, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ETSY shares. Cantor Fitzgerald lowered their price target on shares of Etsy from $46.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. UBS Group lowered their price objective on Etsy from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Moffett Nathanson boosted their target price on Etsy from $60.00 to $61.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft downgraded Etsy to a "hold" rating and lowered their price target for the stock from $45.00 to $43.00 in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Etsy from $44.00 to $47.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $58.78.

Etsy 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.