Two Sigma Securities LLC Buys New Shares in Etsy Inc $ETSY

Two Sigma Securities LLC bought a new position in shares of Etsy Inc (NYSE:ETSY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,674 shares of the company’s stock, valued at approximately $804,000.

Other large investors have also bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Etsy by 11.1% in the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock valued at $297,991,000 after purchasing an additional 594,768 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Etsy by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock worth $227,785,000 after purchasing an additional 1,177,301 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Etsy by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock worth $207,022,000 after purchasing an additional 39,067 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Etsy by 51.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock valued at $163,841,000 after buying an additional 1,112,520 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Etsy by 48.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock valued at $121,532,000 after buying an additional 523,092 shares during the period. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Etsy

In other Etsy news, Director Charles Andrew Ballard sold 4,500 shares of Etsy stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $81.85, for a total transaction of $368,325.00. Following the transaction, the director directly owned 4,239 shares of the company’s stock, valued at $346,962.15. The trade was a 51.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Edward Colburn III sold 8,252 shares of Etsy stock in a transaction on Monday, August 10th. The stock was sold at an average price of $82.09, for a total transaction of $677,406.68. Following the transaction, the insider directly owned 6,503 shares in the company, valued at $533,831.27. This represents a 55.93% decrease in their ownership of the stock. 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 valued at $33,619,606 in the last three months. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Loop Capital set a $105.00 price target on Etsy in a report on Thursday, August 20th. UBS Group boosted their price objective on Etsy from $74.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Arete Research set a $76.00 target price on Etsy and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Roth Capital began coverage on Etsy in a report on Thursday, May 21st. They issued a “buy” rating on the stock. Finally, Evercore set a $83.00 price target on shares of Etsy in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Etsy currently has an average rating of “Hold” and a consensus target price of $84.68.

Etsy Stock Performance

ETSY stock opened at $81.97 on Wednesday. The business 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 P/E ratio of 45.79, a price-to-earnings-growth ratio of 3.93 and a beta of 1.81. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $87.97.

Etsy (NYSE:ETSY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.75 by ($1.24). Etsy had a negative return on equity of 34.18% and a net margin of 7.32%.The company had revenue of $668.31 million during the quarter, compared to analysts’ expectations of $646.10 million. During the same period last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Etsy Inc will post 3.94 earnings per share for the current fiscal year.

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.