Havemeyer Place LP Makes New Investment in Etsy Inc $ETSY

Havemeyer Place LP bought a new position in Etsy Inc (NYSE:ETSY) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 18,203 shares of the company’s stock, valued at approximately $1,009,000.

A number of other large investors have also recently modified their holdings of the business. Pinebridge Investments LLC bought a new stake in shares of Etsy during the 4th quarter valued at about $888,000. WINTON GROUP Ltd bought a new stake in shares of Etsy during the 4th quarter valued at about $936,000. Sivia Capital Partners LLC boosted its position in shares of Etsy by 92.9% during the 4th quarter. Sivia Capital Partners LLC now owns 6,990 shares of the company’s stock valued at $388,000 after acquiring an additional 3,367 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Etsy during the 4th quarter valued at about $894,000. Finally, Impact Partnership Wealth LLC boosted its position in shares of Etsy by 25.7% during the 4th quarter. Impact Partnership Wealth LLC now owns 8,134 shares of the company’s stock valued at $451,000 after acquiring an additional 1,663 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Etsy Trading Up 0.1%

Shares of NYSE ETSY opened at $66.90 on Monday. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 2.76 and a beta of 1.88. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $76.51. The stock’s 50-day moving average is $60.03 and its 200 day moving average is $56.60.

Insider Buying and Selling at Etsy

In other Etsy news, 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 value of $310,869.84. Following the completion of the sale, the insider directly owned 6,503 shares of the company’s stock, valued at $423,280.27. The trade was a 42.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Josh Silverman sold 134,730 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the sale, the insider directly owned 130,694 shares of the company’s stock, valued at $9,003,509.66. This represents a 50.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 451,509 shares of company stock valued at $29,518,662. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ETSY. Guggenheim began coverage on Etsy in a research report on Thursday, May 21st. They set a “buy” rating for the company. The Goldman Sachs Group upgraded Etsy from a “sell” rating to a “neutral” rating in a research report on Thursday, May 21st. BTIG Research lifted their price target on Etsy from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald lifted their price target on Etsy from $51.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Needham & Company LLC lifted their price target on Etsy from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.88.

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.