Titan Investment Solutions Ltd Invests $7.14 Million in Etsy Inc $ETSY

Titan Investment Solutions Ltd bought a new position in Etsy Inc (NYSE:ETSY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 128,717 shares of the company’s stock, valued at approximately $7,136,000.

Several other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Etsy in the 4th quarter worth $908,000. Gagnon Securities LLC lifted its holdings in Etsy by 14.5% during the fourth quarter. Gagnon Securities LLC now owns 5,692 shares of the company’s stock valued at $316,000 after purchasing an additional 722 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock valued at $67,000 after purchasing an additional 225 shares during the last quarter. DRW Securities LLC purchased a new stake in Etsy during the fourth quarter valued at about $225,000. Finally, MetLife Investment Management LLC lifted its holdings in Etsy by 6,290.4% during the fourth quarter. MetLife Investment Management LLC now owns 274,851 shares of the company’s stock valued at $15,238,000 after purchasing an additional 270,550 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Etsy Trading Up 0.0%

Shares of Etsy stock opened at $69.47 on Friday. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $76.51. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.87 and a beta of 1.88. The company’s 50-day moving average price is $62.07 and its 200-day moving average price is $57.14.

Analyst Upgrades and Downgrades

Several research firms have commented on ETSY. Jefferies Financial Group downgraded shares of Etsy from a “hold” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings raised shares of Etsy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Stifel Nicolaus dropped their price objective on shares of Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company upped their price objective on shares of Etsy from $47.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Finally, Barclays upped their price objective on shares of Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.00.

Insider Activity

In other news, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.79, for a total value of $1,375,800.00. Following the sale, the director directly owned 461,329 shares of the company’s stock, valued at approximately $31,734,821.91. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Edward Colburn III sold 4,776 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $65.09, for a total transaction of $310,869.84. Following the completion of the sale, the insider directly owned 6,503 shares in the company, valued at approximately $423,280.27. The trade was a 42.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 451,509 shares of company stock valued at $29,518,662. Corporate insiders own 2.50% of the company’s stock.

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.