Capital Research & Management Co recently announced the acquisition of new stake in Etsy Inc (NASDAQ:ETSY). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.35% to 8.13 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 6.79% valued currently at $616.33 million. In addition, Bares Capital Management, Inc. raised its holdings by 1.48 million to 4.04 million shares. And Van Eck Associates Corp. has lifted its position by 40.28% or 1.05 million shares – to 3.65 million shares.
Currently, there are 125.05M common shares owned by the public and among those 118.72M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 192 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 57 of these insider trades were purchases, accounting for 567,932 shares. Insider sales of the common stock occurred on 135 occasions, with total insider shares sold totaling 478,396 shares.
The top 3 mutual fund holders in Etsy Inc are Vanguard Total Stock Market ETF, VanEck Morningstar Wide Moat ETF, and American Funds Growth Fund of Ame. Vanguard Total Stock Market ETF owns 3.84 million shares of the company’s stock, all valued at over $291.2 million. The company bought an additional 6700.0 shares recently to bring their total holdings to about 3.21% of the shares outstanding. VanEck Morningstar Wide Moat ETF bought 7308.0 shares to see its total holdings expand to 3.68 million shares valued at over $279.23 million and representing 3.08% of the shares outstanding. American Funds Growth Fund of Ame sold -0.28 million shares to bring its total holdings to over 3.28 million shares at a value of $248.6 million. American Funds Growth Fund of Ame now owns shares totaling to 2.74% of the shares outstanding.
However, the script later moved the day high at 85.58, up 4.69%. The company’s stock has a 5-day price change of -0.27% and 28.48% over the past three months. ETSY shares are trading -29.49% year to date (YTD), with the 12-month market performance down to -32.95% lower. It has a 12-month low price of $58.20 and touched a high of $149.91 over the same period. ETSY has an average intraday trading volume of 4.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.98%, 20.65%, and 0.20% respectively.
Institutional ownership of Etsy Inc (NASDAQ: ETSY) shares accounts for 94.02% of the company’s 125.05M shares outstanding. Mutual fund holders own 40.83%, while other institutional holders and individual stakeholders account for 54.29% and 13.66% respectively.
It has a market capitalization of $10.11B and a beta (3y monthly) value of 2.06. The stock’s trailing 12-month PE ratio is 35.37, while the earnings-per-share (ttm) stands at $2.39. The company has a PEG of 2.21 and a Quick Ratio of 2.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.35% over the week and 4.48% over the month.
Earnings per share for the fiscal year are expected to increase by 142.57%, and 12.77% over the next financial year.
Looking at the support for the ETSY, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on December 14, 2023, with the firm’s price target at $76-$100.
