Dynamic Technology Lab Private Ltd Takes $1.66 Million Position in Etsy, Inc. (NASDAQ:ETSY)

Dynamic Technology Lab Private Ltd purchased a new stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,310 shares of the specialty retailer's stock, valued at approximately $1,656,000.

A number of other hedge funds have also recently bought and sold shares of the business. Glenmede Trust Co. NA bought a new position in shares of Etsy during the third quarter worth about $222,000. Janus Henderson Group PLC grew its position in shares of Etsy by 7.8% in the 3rd quarter. Janus Henderson Group PLC now owns 482,262 shares of the specialty retailer's stock worth $26,780,000 after acquiring an additional 34,991 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Etsy by 146.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 22,876 shares of the specialty retailer's stock valued at $1,270,000 after acquiring an additional 13,577 shares during the last quarter. Investment Management Corp of Ontario bought a new position in Etsy during the third quarter worth $345,000. Finally, Quarry LP boosted its holdings in Etsy by 120.4% in the third quarter. Quarry LP now owns 1,953 shares of the specialty retailer's stock worth $108,000 after purchasing an additional 1,067 shares during the period. Institutional investors and hedge funds own 99.53% of the company's stock.

Insider Buying and Selling

In related news, insider Toni Thompson Nadal sold 1,444 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total transaction of $69,745.20. Following the transaction, the insider now owns 592 shares of the company's stock, valued at approximately $28,593.60. The trade was a 70.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total transaction of $83,010.00. Following the completion of the sale, the insider now directly owns 22,198 shares of the company's stock, valued at approximately $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,952 shares of company stock valued at $2,554,620. Insiders own 2.60% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group decreased their price target on shares of Etsy from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Cantor Fitzgerald dropped their price target on shares of Etsy from $46.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. JMP Securities reiterated a "market perform" rating on shares of Etsy in a report on Monday, December 16th. Citigroup cut their price target on shares of Etsy from $56.00 to $53.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Finally, Loop Capital decreased their price objective on shares of Etsy from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $57.71.

Etsy Price Performance

Shares of ETSY stock traded down $0.29 during trading on Thursday, reaching $43.75. The company had a trading volume of 1,618,929 shares, compared to its average volume of 3,784,636. The company has a market capitalization of $4.68 billion, a PE ratio of 18.45, a PEG ratio of 2.57 and a beta of 2.15. The firm's 50 day simple moving average is $49.21 and its two-hundred day simple moving average is $52.04. Etsy, Inc. has a one year low of $40.05 and a one year high of $71.72.

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

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.