WINTON GROUP Ltd Makes New Investment in Etsy, Inc. (NASDAQ:ETSY)

WINTON GROUP Ltd acquired a new stake in Etsy, Inc. (NASDAQ:ETSY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 121,963 shares of the specialty retailer’s stock, valued at approximately $6,451,000.

Other hedge funds have also recently bought and sold shares of the company. Parametrica Management Ltd purchased a new position in shares of Etsy during the 4th quarter worth $230,000. Florida Financial Advisors LLC acquired a new stake in Etsy in the 4th quarter worth about $347,000. Vanguard Group Inc. grew its holdings in Etsy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,309,622 shares of the specialty retailer’s stock valued at $651,056,000 after buying an additional 56,772 shares during the period. Stevens Capital Management LP increased its stake in shares of Etsy by 60.8% during the 4th quarter. Stevens Capital Management LP now owns 7,836 shares of the specialty retailer’s stock valued at $414,000 after acquiring an additional 2,962 shares during the last quarter. Finally, Heron Bay Capital Management lifted its holdings in shares of Etsy by 1.3% during the 4th quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer’s stock worth $1,072,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.

Etsy Trading Down 2.4 %

Etsy stock opened at $46.69 on Thursday. Etsy, Inc. has a 52 week low of $43.43 and a 52 week high of $71.72. The stock has a market cap of $5.00 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23. The stock has a 50 day moving average of $51.17 and a 200-day moving average of $52.71.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The firm had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. As a group, equities analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $75,720.00. Following the completion of the transaction, the insider now owns 20,698 shares in the company, valued at approximately $1,044,835.04. This trade represents a 6.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Josh Silverman sold 21,666 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $52.05, for a total value of $1,127,715.30. Following the completion of the sale, the chief executive officer now owns 5,004 shares of the company’s stock, valued at $260,458.20. This trade represents a 81.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,666 shares of company stock worth $1,286,445. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ETSY has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Etsy in a research report on Thursday, February 20th. JPMorgan Chase & Co. assumed coverage on Etsy in a research report on Wednesday, March 19th. They issued a “neutral” rating and a $50.00 target price on the stock. UBS Group lowered their price target on Etsy from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Citigroup cut their price objective on Etsy from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, Truist Financial decreased their target price on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.42.

Etsy Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.