Two Sigma Securities LLC Buys Shares of 10,674 Etsy Inc $ETSY

Two Sigma Securities LLC bought a new position in shares of Etsy Inc (NYSE:ETSY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,674 shares of the company’s stock, valued at approximately $804,000.

Several other institutional investors also recently modified their holdings of ETSY. EFG International AG acquired a new position in Etsy in the 4th quarter worth about $33,000. Global Retirement Partners LLC acquired a new stake in shares of Etsy during the second quarter valued at about $34,000. Blue Trust Inc. grew its holdings in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the last quarter. Danske Bank A S bought a new stake in shares of Etsy during the third quarter worth about $66,000. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after purchasing an additional 225 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Etsy

In related news, Director Frederick R. Wilson sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $74.39, for a total value of $1,487,800.00. Following the transaction, the director owned 441,329 shares in the company, valued at $32,830,464.31. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 97,389 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $79.00, for a total transaction of $7,693,731.00. Following the sale, the insider directly owned 130,694 shares in the company, valued at $10,324,826. This trade represents a 42.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 434,737 shares of company stock worth $33,619,606 over the last quarter. Company insiders own 2.50% of the company’s stock.

Etsy Stock Performance

NYSE:ETSY opened at $81.97 on Wednesday. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The company has a 50 day simple moving average of $81.15 and a two-hundred day simple moving average of $66.74. The company has a market capitalization of $7.78 billion, a PE ratio of 45.79, a P/E/G ratio of 3.93 and a beta of 1.81.

Etsy (NYSE:ETSY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a negative return on equity of 34.18% and a net margin of 7.32%.The firm had revenue of $668.31 million during the quarter, compared to analyst estimates of $646.10 million. During the same quarter last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts predict that Etsy Inc will post 3.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ETSY. BTIG Research downgraded shares of Etsy from a “buy” rating to a “neutral” rating in a research report on Thursday, July 16th. UBS Group upped their price target on shares of Etsy from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Citigroup raised their price target on shares of Etsy from $60.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Zacks Research lowered shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, President Capital raised shares of Etsy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $57.00 to $91.00 in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $84.68.

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.