Titan Investment Solutions Ltd Acquires New Holdings in Etsy Inc $ETSY

Titan Investment Solutions Ltd acquired a new stake in shares of Etsy Inc (NYSE:ETSY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 128,717 shares of the company’s stock, valued at approximately $7,136,000. Titan Investment Solutions Ltd owned 0.13% of Etsy as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ETSY. Lone Pine Capital LLC acquired a new stake in shares of Etsy during the third quarter worth $257,614,000. Norges Bank bought a new position in shares of Etsy in the fourth quarter valued at about $33,903,000. Deutsche Bank AG raised its position in shares of Etsy by 68.8% in the fourth quarter. Deutsche Bank AG now owns 1,378,170 shares of the company’s stock valued at $76,406,000 after purchasing an additional 561,487 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of Etsy in the third quarter valued at about $31,793,000. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Etsy in the third quarter valued at about $23,186,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Etsy

In other Etsy news, CFO Charles Baker sold 2,030 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $63.50, for a total transaction of $128,905.00. Following the completion of the sale, the chief financial officer owned 6,913 shares in the company, valued at approximately $438,975.50. The trade was a 22.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 the business’s 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 sale, the insider owned 6,503 shares of the company’s stock, valued at $423,280.27. This trade represents a 42.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 451,509 shares of company stock worth $29,518,662. Company insiders own 2.50% of the company’s stock.

Etsy Trading Up 0.0%

Shares of ETSY stock opened at $69.47 on Friday. The firm has a market capitalization of $6.59 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.87 and a beta of 1.88. The firm has a fifty day simple moving average of $62.07 and a two-hundred day simple moving average of $57.14. Etsy Inc has a 12 month low of $44.00 and a 12 month high of $76.51.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ETSY shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Etsy from $74.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Jefferies Financial Group downgraded shares of Etsy from a “hold” rating to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of Etsy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $71.00.

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.