121,963 Shares in Etsy, Inc. (NASDAQ:ETSY) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in Etsy, Inc. (NASDAQ:ETSY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 121,963 shares of the specialty retailer's stock, valued at approximately $6,451,000. WINTON GROUP Ltd owned about 0.11% of Etsy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETSY. Lindbrook Capital LLC grew its holdings in shares of Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 181 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Etsy during the 4th quarter valued at $38,000. Versant Capital Management Inc increased its stake in shares of Etsy by 153.1% in the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer's stock worth $44,000 after purchasing an additional 499 shares in the last quarter. Blue Trust Inc. lifted its position in Etsy by 95.1% during the fourth quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 426 shares in the last quarter. Finally, Denver PWM LLC grew its holdings in Etsy by 36.1% during the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer's stock valued at $58,000 after purchasing an additional 289 shares during the period. 99.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ETSY shares. JPMorgan Chase & Co. assumed coverage on shares of Etsy in a report on Wednesday, March 19th. They set a "neutral" rating and a $50.00 price target on the stock. Citigroup lowered their price objective on Etsy from $56.00 to $53.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Morgan Stanley cut their target price on Etsy from $45.00 to $44.00 and set an "underweight" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $60.00 price target on shares of Etsy in a research note on Thursday, February 20th. Finally, Stifel Nicolaus reduced their price objective on shares of Etsy from $56.00 to $51.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Etsy currently has a consensus rating of "Hold" and a consensus target price of $58.42.

Remove Ads

Insider Buying and Selling

In other news, CEO Josh Silverman sold 21,666 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the completion of the transaction, the chief executive officer now directly owns 5,004 shares in the company, valued at $260,458.20. This trade represents a 81.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $50.48, for a total value of $75,720.00. Following the transaction, the insider now owns 20,698 shares of the company's stock, valued at $1,044,835.04. This trade represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,666 shares of company stock worth $1,286,445. Company insiders own 2.60% of the company's stock.

Etsy Stock Up 0.7 %

Shares of Etsy stock traded up $0.33 on Monday, hitting $47.02. 658,630 shares of the company were exchanged, compared to its average volume of 3,702,324. Etsy, Inc. has a 1-year low of $43.43 and a 1-year high of $71.72. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23. The company has a 50-day moving average price of $50.93 and a 200 day moving average price of $52.64.

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