Etsy, Inc. (NASDAQ:ETSY) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 89.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 889,438 shares of the specialty retailer's stock after acquiring an additional 419,038 shares during the period. AQR Capital Management LLC owned approximately 0.79% of Etsy worth $47,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Etsy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,309,622 shares of the specialty retailer's stock valued at $651,056,000 after purchasing an additional 56,772 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Etsy by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 5,421,641 shares of the specialty retailer's stock valued at $286,751,000 after purchasing an additional 235,550 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Etsy by 17.4% during the 4th quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock worth $186,583,000 after buying an additional 522,111 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Etsy by 12.1% in the 4th quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer's stock worth $92,452,000 after buying an additional 188,386 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Etsy by 132.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,490,399 shares of the specialty retailer's stock valued at $78,827,000 after acquiring an additional 850,520 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.

Analyst Ratings Changes

ETSY has been the topic of a number of analyst reports. Piper Sandler lowered their target price on Etsy from $52.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company dropped their price objective on Etsy from $46.00 to $40.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Barclays reduced their target price on shares of Etsy from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Canaccord Genuity Group lowered their price target on shares of Etsy from $76.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, UBS Group cut their price objective on shares of Etsy from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Etsy currently has a consensus rating of "Hold" and an average price target of $50.14.

Etsy Stock Performance

Shares of NASDAQ:ETSY traded up $0.87 during midday trading on Wednesday, hitting $45.98. 761,345 shares of the company's stock traded hands, compared to its average volume of 3,830,447. The firm's fifty day moving average price is $45.62 and its two-hundred day moving average price is $51.01. Etsy, Inc. has a twelve month low of $40.05 and a twelve month high of $66.93. The company has a market cap of $4.80 billion, a PE ratio of 19.40, a P/E/G ratio of 2.57 and a beta of 1.78.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The firm had revenue of $651.18 million during the quarter, compared to analyst estimates of $642.22 million. During the same quarter last year, the business posted $0.48 earnings per share. The firm's revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Insider Activity

In other news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $43.07, for a total transaction of $64,605.00. Following the transaction, the insider now directly owns 33,322 shares in the company, valued at approximately $1,435,178.54. This trade represents a 4.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Josh Silverman sold 21,666 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $52.05, for a total value 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 represents a 81.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,618 shares of company stock valued at $3,469,803. Company insiders own 2.60% of the company's stock.

Etsy Profile

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.