16,891 Shares in Etsy Inc $ETSY Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in Etsy Inc (NYSE:ETSY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,891 shares of the company’s stock, valued at approximately $936,000.

Several other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in Etsy in the third quarter worth about $51,000. Danske Bank A S purchased a new position in Etsy during the third quarter valued at approximately $66,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Etsy during the 4th quarter worth $79,000. LSV Asset Management bought a new stake in Etsy during the third quarter valued at about $86,000. Finally, MAI Capital Management grew its stake in Etsy by 215.0% during the 3rd quarter. MAI Capital Management now owns 1,320 shares of the company’s stock worth $88,000 after buying an additional 901 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Analyst Upgrades and Downgrades

ETSY has been the topic of several recent analyst reports. BTIG Research increased their target price on shares of Etsy from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their price target on shares of Etsy from $47.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. B. Riley Financial cut shares of Etsy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $70.00 to $75.00 in a research report on Thursday, April 30th. Jefferies Financial Group cut shares of Etsy from a “hold” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Guggenheim began coverage on shares of Etsy in a research report on Thursday, May 21st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $70.88.

Insider Activity at Etsy

In other Etsy news, CFO Charles Baker sold 2,030 shares of Etsy stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $63.50, for a total value of $128,905.00. Following the transaction, the chief financial officer directly owned 6,913 shares in the company, valued at approximately $438,975.50. The trade was a 22.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Richard Edward Colburn III sold 4,776 shares of Etsy stock in a transaction on Monday, May 4th. The shares were sold at an average price of $65.09, for a total transaction of $310,869.84. Following the completion of the transaction, the insider owned 6,503 shares in the company, valued at approximately $423,280.27. This represents a 42.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,509 shares of company stock valued at $29,518,662 over the last quarter. 2.50% of the stock is owned by insiders.

Etsy Price Performance

Shares of NYSE:ETSY opened at $68.80 on Wednesday. The company’s fifty day moving average price is $60.86 and its 200 day moving average price is $56.82. Etsy Inc has a 12 month low of $44.00 and a 12 month high of $76.51. The firm has a market capitalization of $6.53 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.84 and a beta of 1.88.

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.