Rhumbline Advisers cut its holdings in Etsy Inc (NASDAQ:ETSY) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,068 shares of the specialty retailer’s stock after selling 17,590 shares during the period. Rhumbline Advisers owned 0.09% of Etsy worth $2,312,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of ETSY. Gilder Gagnon Howe & Co. LLC lifted its holdings in Etsy by 9,134.0% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,459,522 shares of the specialty retailer’s stock worth $29,847,000 after purchasing an additional 1,443,716 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Etsy by 54.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,329,941 shares of the specialty retailer’s stock worth $47,647,000 after purchasing an additional 816,636 shares in the last quarter. Prudential Financial Inc. purchased a new position in Etsy in the 3rd quarter worth approximately $13,091,000. Apertura Capital LLC purchased a new position in Etsy in the 4th quarter worth approximately $9,270,000. Finally, American Century Companies Inc. lifted its holdings in Etsy by 133.0% in the 4th quarter. American Century Companies Inc. now owns 436,185 shares of the specialty retailer’s stock worth $8,920,000 after purchasing an additional 249,017 shares in the last quarter. 79.84% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on the company. KeyCorp reissued an “overweight” rating and issued a $33.00 price target (up from $28.00) on shares of Etsy in a report on Wednesday, March 14th. Citigroup upped their price objective on Etsy from $17.50 to $25.50 and gave the stock a “neutral” rating in a report on Monday, March 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $24.00 price objective (up from $18.00) on shares of Etsy in a report on Wednesday, February 28th. DA Davidson upped their price objective on Etsy from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $23.00 price objective on shares of Etsy in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.58.
Shares of Etsy Inc (ETSY) opened at $27.83 on Tuesday. The stock has a market capitalization of $3,438.53, a P/E ratio of 41.54, a PEG ratio of 4.57 and a beta of 0.30. Etsy Inc has a twelve month low of $9.60 and a twelve month high of $28.54. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.
In other news, Director Jonathan D. Klein sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $21.31, for a total transaction of $1,065,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by corporate insiders.
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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