Etsy Inc $ETSY Shares Sold by ING Groep NV

ING Groep NV lessened its stake in Etsy Inc (NYSE:ETSY) by 73.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in shares of Etsy in the 3rd quarter valued at $51,000. Danske Bank A S acquired a new position in shares of Etsy in the 3rd quarter valued at $66,000. LSV Asset Management acquired a new position in shares of Etsy in the 3rd quarter valued at $86,000. MAI Capital Management boosted its holdings in shares of Etsy by 215.0% in the 3rd quarter. MAI Capital Management now owns 1,320 shares of the company’s stock valued at $88,000 after purchasing an additional 901 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Etsy in the 3rd quarter valued at $93,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Insider Buying and Selling at Etsy

In other Etsy news, insider Josh Silverman sold 134,730 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.89, for a total value of $9,281,549.70. Following the transaction, the insider owned 130,694 shares in the company, valued at $9,003,509.66. The trade was a 50.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $61.63, for a total transaction of $1,232,600.00. Following the completion of the transaction, the director owned 481,329 shares in the company, valued at $29,664,306.27. This represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 451,509 shares of company stock worth $29,518,662 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Etsy Trading Up 0.0%

NYSE:ETSY opened at $68.79 on Thursday. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.84 and a beta of 1.88. The firm’s fifty day simple moving average is $61.29 and its 200 day simple moving average is $56.94. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $76.51.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ETSY. Needham & Company LLC lifted their price target on shares of Etsy from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Argus upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Thursday, May 21st. BTIG Research lifted their price target on shares of Etsy from $65.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Etsy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Sanford C. Bernstein lifted their target price on shares of Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.88.

Etsy Profile

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.