Quantinno Capital Management LP Has $5.83 Million Position in Etsy, Inc. (NASDAQ:ETSY)

Quantinno Capital Management LP increased its holdings in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 118.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,139 shares of the specialty retailer's stock after acquiring an additional 59,714 shares during the period. Quantinno Capital Management LP owned about 0.10% of Etsy worth $5,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ETSY. Lindbrook Capital LLC grew its holdings in shares of Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. Hurley Capital LLC acquired a new stake in Etsy during the fourth quarter valued at $32,000. Strategic Investment Solutions Inc. IL purchased a new position in Etsy in the fourth quarter valued at about $34,000. Summit Securities Group LLC acquired a new position in Etsy in the 4th quarter worth about $37,000. Finally, Kestra Investment Management LLC acquired a new position in Etsy in the 4th quarter worth about $38,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Nicholas Daniel sold 1,500 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $43.07, for a total transaction of $64,605.00. Following the completion of the transaction, the insider now directly owns 33,322 shares of the company's stock, valued at approximately $1,435,178.54. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Josh Silverman sold 21,666 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $43.09, for a total transaction of $933,587.94. Following the completion of the sale, the chief executive officer now directly owns 53,484 shares in the company, valued at approximately $2,304,625.56. The trade was a 28.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,418 shares of company stock valued at $3,601,377 over the last ninety days. 2.60% of the stock is owned by company insiders.

Etsy Stock Performance

Shares of ETSY traded down $0.51 during trading hours on Friday, reaching $47.46. 818,111 shares of the company traded hands, compared to its average volume of 3,901,386. The stock's fifty day moving average is $45.51 and its 200 day moving average is $50.77. Etsy, Inc. has a 1-year low of $40.05 and a 1-year high of $66.93. The stock has a market cap of $4.95 billion, a P/E ratio of 20.03, a price-to-earnings-growth 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 the consensus estimate of $0.50 by ($0.04). Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm had revenue of $651.18 million during the quarter, compared to analyst estimates of $642.22 million. During the same period last year, the company earned $0.48 EPS. The company's revenue was up .8% on a year-over-year basis. On average, equities research analysts predict that Etsy, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ETSY. Barclays lowered their price target on Etsy from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on shares of Etsy and gave the company a "hold" rating in a research note on Monday, April 14th. Morgan Stanley lowered their target price on shares of Etsy from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group cut their target price on Etsy from $35.00 to $31.00 and set a "sell" rating on the stock in a report on Thursday, May 1st. Finally, Citigroup decreased their price target on Etsy from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Four 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's stock. Based on data from MarketBeat, Etsy currently has a consensus rating of "Hold" and a consensus target price of $50.14.

Etsy Company 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.