Etsy Inc $ETSY Shares Sold by ING Groep NV

ING Groep NV lowered its position in Etsy Inc (NYSE:ETSY) by 73.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,318 shares of the company’s stock after selling 52,630 shares during the quarter. ING Groep NV’s holdings in Etsy were worth $1,072,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its holdings in Etsy by 21.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 430,824 shares of the company’s stock worth $28,602,000 after buying an additional 75,295 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Etsy by 33.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock worth $10,369,000 after purchasing an additional 47,105 shares during the last quarter. Lone Pine Capital LLC bought a new stake in shares of Etsy in the 3rd quarter worth about $257,614,000. Crossmark Global Holdings Inc. increased its position in shares of Etsy by 338.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock worth $5,738,000 after purchasing an additional 79,888 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its position in shares of Etsy by 30.5% in the 3rd quarter. Picton Mahoney Asset Management now owns 95,008 shares of the company’s stock worth $6,307,000 after purchasing an additional 22,229 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Etsy Stock Up 0.0%

Shares of NYSE:ETSY opened at $68.79 on Thursday. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $76.51. The firm has a 50-day simple moving average of $61.29 and a 200 day simple moving average of $56.94. The company has a market cap of $6.53 billion, a PE ratio of 28.66, a P/E/G ratio of 2.84 and a beta of 1.88.

Insider Buying and Selling at Etsy

In related news, insider Josh Silverman sold 134,730 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the sale, the insider owned 130,694 shares of the company’s stock, valued at $9,003,509.66. This represents a 50.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Edward Colburn III sold 4,776 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $65.09, for a total transaction of $310,869.84. Following the sale, the insider directly owned 6,503 shares of the company’s stock, valued at approximately $423,280.27. This represents a 42.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 451,509 shares of company stock worth $29,518,662 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on ETSY. Argus raised shares of Etsy from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Thursday, May 21st. B. Riley Financial downgraded shares of Etsy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $70.00 to $75.00 in a research report on Thursday, April 30th. Sanford C. Bernstein boosted their target price on shares of Etsy from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, April 30th. Stifel Nicolaus dropped their target price on shares of Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Finally, Wall Street Zen downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Etsy currently has an average rating of “Hold” and an average price target of $70.88.

About Etsy

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.