Etsy Inc $ETSY Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Etsy Inc (NYSE:ETSY) by 4.9% in the first quarter, Holdings Channel reports. The firm owned 533,497 shares of the company’s stock after acquiring an additional 25,026 shares during the period. Quantinno Capital Management LP’s holdings in Etsy were worth $26,664,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ETSY. Renaissance Technologies LLC raised its position in Etsy by 11.1% in the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock valued at $297,991,000 after purchasing an additional 594,768 shares during the period. AQR Capital Management LLC boosted its position in shares of Etsy by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock worth $227,785,000 after buying an additional 1,177,301 shares during the period. Van ECK Associates Corp boosted its position in shares of Etsy by 1.1% in the fourth quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock worth $207,022,000 after buying an additional 39,067 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Etsy by 51.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock valued at $163,841,000 after buying an additional 1,112,520 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Etsy by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,573,696 shares of the company’s stock valued at $78,642,000 after buying an additional 100,542 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ETSY shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $80.00 target price on shares of Etsy in a report on Monday, July 20th. Sanford C. Bernstein increased their price objective on shares of Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. Jefferies Financial Group lifted their price objective on shares of Etsy from $62.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Morgan Stanley set a $64.00 target price on shares of Etsy in a research report on Wednesday, April 29th. Finally, Zacks Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. One 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.36.

Etsy Stock Performance

NYSE:ETSY opened at $81.72 on Friday. Etsy Inc has a one year low of $44.00 and a one year high of $87.26. The business’s 50-day simple moving average is $75.49 and its 200 day simple moving average is $62.90. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 3.26 and a beta of 1.83.

Insider Buying and Selling at Etsy

In other news, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $74.39, for a total transaction of $1,487,800.00. Following the completion of the transaction, the director directly owned 441,329 shares in the company, valued at approximately $32,830,464.31. This represents a 4.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 39,161 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $79.00, for a total value of $3,093,719.00. Following the transaction, the insider owned 139,884 shares of the company’s stock, valued at approximately $11,050,836. This trade represents a 21.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,150 shares of company stock worth $39,121,111 in the last 90 days. 2.50% of the stock is owned by corporate insiders.

About Etsy

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.