WINTON GROUP Ltd Invests $936,000 in Etsy Inc $ETSY

WINTON GROUP Ltd acquired a new position in Etsy Inc (NYSE:ETSY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 16,891 shares of the company’s stock, valued at approximately $936,000.

Several other large investors have also recently modified their holdings of ETSY. Abich Financial Wealth Management LLC purchased a new position in shares of Etsy in the third quarter worth about $51,000. Danske Bank A S bought a new stake in shares of Etsy in the third quarter worth about $66,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Etsy in the fourth quarter worth about $79,000. LSV Asset Management bought a new stake in shares of Etsy in the third quarter worth about $86,000. Finally, MAI Capital Management grew its stake in shares of Etsy by 215.0% in the third quarter. MAI Capital Management now owns 1,320 shares of the company’s stock worth $88,000 after purchasing an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy Stock Performance

Shares of Etsy stock opened at $68.80 on Wednesday. The company 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. The company has a fifty day moving average of $60.86 and a 200 day moving average of $56.82. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $76.51.

Analyst Ratings Changes

Several research firms recently issued reports on ETSY. JPMorgan Chase & Co. raised their target price on Etsy from $58.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Argus raised Etsy from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Thursday, May 21st. B. Riley Financial cut Etsy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $70.00 to $75.00 in a research note on Thursday, April 30th. Wall Street Zen cut Etsy from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, Barclays boosted their price target on Etsy from $72.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.88.

Insider Buying and Selling at Etsy

In other Etsy news, insider Josh Silverman sold 134,730 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the transaction, the insider owned 130,694 shares of the company’s stock, valued at $9,003,509.66. This represents a 50.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $61.63, for a total value of $1,232,600.00. Following the completion of the sale, the director owned 481,329 shares in the company, valued at $29,664,306.27. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 451,509 shares of company stock valued at $29,518,662 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Etsy 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.