Etsy Inc $ETSY Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC lessened its holdings in Etsy Inc (NYSE:ETSY) by 49.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,228 shares of the company’s stock after selling 6,935 shares during the quarter. Krilogy Financial LLC’s holdings in Etsy were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EFG International AG acquired a new position in shares of Etsy during the 4th quarter worth about $33,000. Danske Bank A S acquired a new stake in shares of Etsy during the 3rd quarter worth about $66,000. Federation des caisses Desjardins du Quebec raised its position in shares of Etsy by 22.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after acquiring an additional 225 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Etsy during the fourth quarter worth approximately $79,000. Finally, Smartleaf Asset Management LLC lifted its stake in Etsy by 10.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock worth $88,000 after purchasing an additional 158 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Etsy Trading Down 0.0%

ETSY stock opened at $78.03 on Monday. The company has a market capitalization of $7.41 billion, a P/E ratio of 32.51, a PEG ratio of 3.11 and a beta of 1.88. The business has a 50 day simple moving average of $66.20 and a 200-day simple moving average of $58.64. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $79.90.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ETSY shares. B. Riley Financial lowered shares of Etsy from a “buy” rating to a “neutral” rating and increased their price target for the company from $70.00 to $75.00 in a research note on Thursday, April 30th. Morgan Stanley set a $64.00 price objective on shares of Etsy in a research report on Wednesday, April 29th. Barclays upped their target price on shares of Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BTIG Research increased their target price on shares of Etsy from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Etsy from $75.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Etsy has a consensus rating of “Hold” and an average target price of $71.80.

Insider Buying and Selling at Etsy

In other Etsy news, insider Richard Edward Colburn III sold 4,776 shares of Etsy stock in a transaction on Monday, May 4th. The shares were sold at an average price of $65.09, for a total value of $310,869.84. Following the transaction, the insider directly owned 6,503 shares in the company, valued at approximately $423,280.27. The trade was a 42.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Charles Baker sold 2,030 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $63.50, for a total transaction of $128,905.00. Following the sale, the chief financial officer owned 6,913 shares of the company’s stock, valued at $438,975.50. This trade represents a 22.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 651,377 shares of company stock worth $44,720,839 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Etsy Company 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.