Parametrica Management Ltd Makes New $230,000 Investment in Etsy, Inc. (NASDAQ:ETSY)

Parametrica Management Ltd bought a new stake in shares of Etsy, Inc. (NASDAQ:ETSY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,356 shares of the specialty retailer’s stock, valued at approximately $230,000.

Other hedge funds also recently bought and sold shares of the company. Florida Financial Advisors LLC bought a new stake in Etsy during the 4th quarter valued at approximately $347,000. Vanguard Group Inc. raised its position in shares of Etsy by 0.5% during the fourth 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 last quarter. Stevens Capital Management LP boosted its position in shares of Etsy by 60.8% during the fourth quarter. Stevens Capital Management LP now owns 7,836 shares of the specialty retailer’s stock worth $414,000 after acquiring an additional 2,962 shares during the last quarter. Heron Bay Capital Management grew its stake in Etsy by 1.3% during the fourth quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer’s stock valued at $1,072,000 after acquiring an additional 258 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its holdings in Etsy by 49.2% in the 4th quarter. Fox Run Management L.L.C. now owns 9,146 shares of the specialty retailer’s stock valued at $484,000 after acquiring an additional 3,016 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Insider Transactions at Etsy

In other Etsy news, CEO Josh Silverman sold 21,666 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $50.48, for a total transaction of $75,720.00. Following the transaction, the insider now owns 20,698 shares of the company’s stock, valued at approximately $1,044,835.04. This trade represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,666 shares of company stock valued at $1,286,445 in the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Etsy Stock Up 4.3 %

Etsy stock opened at $47.82 on Wednesday. The stock has a 50-day moving average price of $51.30 and a 200 day moving average price of $52.75. Etsy, Inc. has a 52 week low of $43.43 and a 52 week high of $71.72. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company had revenue of $852.16 million during the quarter, compared to analysts’ expectations of $861.37 million. During the same period last year, the business earned $0.62 earnings per share. Etsy’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ETSY. Moffett Nathanson lifted their target price on Etsy from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Canaccord Genuity Group reduced their price objective on Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Morgan Stanley lowered their target price on Etsy from $45.00 to $44.00 and set an “underweight” rating for the company in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Etsy to a “hold” rating and decreased their price target for the company from $45.00 to $43.00 in a research note on Wednesday, February 12th. Finally, UBS Group reduced their target price on shares of Etsy from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Etsy has an average rating of “Hold” and a consensus price target of $58.42.

About Etsy

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.