Two Sigma Investments LP boosted its position in Etsy Inc (NASDAQ:ETSY) by 221.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,927,194 shares of the specialty retailer’s stock after purchasing an additional 1,327,537 shares during the period. Two Sigma Investments LP’s holdings in Etsy were worth $39,411,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Etsy by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 444,549 shares of the specialty retailer’s stock valued at $7,504,000 after buying an additional 11,449 shares in the last quarter. Creative Planning purchased a new position in shares of Etsy during the 4th quarter valued at about $619,000. American Century Companies Inc. lifted its position in shares of Etsy by 133.0% during the 4th quarter. American Century Companies Inc. now owns 436,185 shares of the specialty retailer’s stock valued at $8,920,000 after buying an additional 249,017 shares in the last quarter. Allen Investment Management LLC purchased a new position in shares of Etsy during the 3rd quarter valued at about $1,080,000. Finally, Legal & General Group Plc lifted its position in shares of Etsy by 56.4% during the 3rd quarter. Legal & General Group Plc now owns 50,039 shares of the specialty retailer’s stock valued at $845,000 after buying an additional 18,051 shares in the last quarter. 79.94% of the stock is currently owned by institutional investors and hedge funds.
In other Etsy news, Director Jonathan D. Klein sold 50,000 shares of Etsy stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $21.31, for a total value of $1,065,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.00% of the stock is currently owned by insiders.
Etsy Inc (NASDAQ ETSY) opened at $27.92 on Wednesday. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.16. Etsy Inc has a twelve month low of $9.60 and a twelve month high of $28.19. The company has a market capitalization of $3,393.57, a P/E ratio of 41.67, a P/E/G ratio of 4.59 and a beta of 0.30.
Etsy declared that its board has authorized a stock buyback plan on Friday, November 17th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
WARNING: “Two Sigma Investments LP Increases Holdings in Etsy Inc (ETSY)” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3261927/two-sigma-investments-lp-increases-holdings-in-etsy-inc-etsy.html.
Etsy Company Profile
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
Want to see what other hedge funds are holding ETSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Etsy Inc (NASDAQ:ETSY).
Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.