Dupont Capital Management Corp Raises Position in Etsy Inc (ETSY)

Dupont Capital Management Corp increased its holdings in Etsy Inc (NASDAQ:ETSY) by 22.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,472 shares of the specialty retailer’s stock after buying an additional 3,551 shares during the quarter. Dupont Capital Management Corp’s holdings in Etsy were worth $926,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Macquarie Group Ltd. increased its holdings in Etsy by 410.8% in the 3rd quarter. Macquarie Group Ltd. now owns 33,715 shares of the specialty retailer’s stock worth $1,732,000 after buying an additional 27,115 shares during the period. FMR LLC grew its stake in shares of Etsy by 157.0% during the 3rd quarter. FMR LLC now owns 1,119,084 shares of the specialty retailer’s stock worth $57,499,000 after purchasing an additional 683,684 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Etsy during the 3rd quarter worth approximately $309,000. Vident Investment Advisory LLC acquired a new stake in shares of Etsy during the 3rd quarter worth approximately $1,514,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Etsy during the 3rd quarter worth approximately $882,000. Institutional investors own 90.12% of the company’s stock.

In other news, General Counsel Jill Simeone sold 11,572 shares of the stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $50.00, for a total transaction of $578,600.00. Following the transaction, the general counsel now owns 2,859 shares in the company, valued at approximately $142,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.

ETSY has been the topic of a number of analyst reports. Morgan Stanley raised shares of Etsy from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $36.00 to $48.00 in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Friday, November 2nd. Loop Capital set a $57.00 price objective on shares of Etsy and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Royal Bank of Canada raised their price objective on shares of Etsy from $45.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 7th. Finally, BTIG Research initiated coverage on shares of Etsy in a research note on Tuesday, November 13th. They set a “buy” rating and a $59.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $52.87.

Shares of NASDAQ:ETSY opened at $55.83 on Wednesday. Etsy Inc has a 1 year low of $18.50 and a 1 year high of $60.58. The company has a market cap of $6.47 billion, a PE ratio of 146.92, a price-to-earnings-growth ratio of 4.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 5.49 and a current ratio of 5.49.

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Etsy Profile

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

Further Reading: Futures Contract

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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