Chicago Equity Partners LLC cut its stake in shares of Etsy Inc (NASDAQ:ETSY) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,000 shares of the specialty retailer’s stock after selling 8,840 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.08% of Etsy worth $4,519,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new stake in shares of Etsy during the second quarter worth approximately $1,708,000. Bank of America Corp DE grew its position in shares of Etsy by 154.5% during the second quarter. Bank of America Corp DE now owns 190,156 shares of the specialty retailer’s stock worth $8,022,000 after buying an additional 115,428 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Etsy by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 986,641 shares of the specialty retailer’s stock worth $41,626,000 after buying an additional 44,500 shares in the last quarter. United Services Automobile Association grew its position in shares of Etsy by 21.3% during the second quarter. United Services Automobile Association now owns 19,756 shares of the specialty retailer’s stock worth $834,000 after buying an additional 3,467 shares in the last quarter. Finally, Atria Investments LLC acquired a new stake in shares of Etsy during the third quarter worth approximately $310,000. 90.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ETSY opened at $53.15 on Tuesday. Etsy Inc has a 12-month low of $18.39 and a 12-month high of $60.58. The firm has a market cap of $6.47 billion, a P/E ratio of 139.87, a PEG ratio of 4.59 and a beta of 0.93. The company has a current ratio of 5.49, a quick ratio of 5.49 and a debt-to-equity ratio of 0.85.
A number of analysts have recently weighed in on the stock. Deutsche Bank initiated coverage on shares of Etsy in a research report on Tuesday, January 29th. They set a “buy” rating and a $64.00 price target for the company. Loop Capital set a $70.00 price objective on Etsy and gave the stock a “buy” rating in a research note on Monday, December 17th. TheStreet upgraded Etsy from a “c+” rating to a “b” rating in a research note on Monday, November 19th. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, January 7th. Finally, Morgan Stanley upgraded 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. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $52.87.
In other Etsy news, General Counsel Jill Simeone sold 11,572 shares of the firm’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $50.00, for a total value of $578,600.00. Following the sale, the general counsel now directly owns 2,859 shares in the company, valued at $142,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.
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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.
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