WINTON GROUP Ltd Makes New Investment in Etsy, Inc. (NASDAQ:ETSY)

WINTON GROUP Ltd acquired a new stake in Etsy, Inc. (NASDAQ:ETSY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 quarter.

Several other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock worth $27,000 after buying an additional 181 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Etsy during the fourth quarter worth approximately $38,000. Versant Capital Management Inc lifted its stake in Etsy by 153.1% during the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 499 shares during the last quarter. Blue Trust Inc. boosted its holdings in Etsy by 95.1% in 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 increased its stake in Etsy by 36.1% in 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 last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the sale, the insider now directly owns 22,198 shares of the company’s stock, valued at approximately $1,228,437.32. This represents a 6.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction dated 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 transaction, the chief executive officer now owns 5,004 shares of the company’s stock, valued at approximately $260,458.20. The trade was a 81.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,666 shares of company stock worth $1,286,445 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ETSY has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Etsy from $45.00 to $44.00 and set an “underweight” rating on the stock in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft cut Etsy to a “hold” rating and cut their target price for the stock from $45.00 to $43.00 in a research report on Wednesday, February 12th. Truist Financial decreased their target price on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Canaccord Genuity Group cut their price target on Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Stifel Nicolaus decreased their price objective on Etsy from $56.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $58.42.

Etsy Stock Down 2.4 %

Shares of NASDAQ ETSY opened at $46.69 on Thursday. The firm has a 50-day moving average price of $51.17 and a 200 day moving average price of $52.71. Etsy, Inc. has a 52 week low of $43.43 and a 52 week high of $71.72. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (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 company had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. During the same period last year, the firm earned $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 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.