Etsy Inc $ETSY Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Etsy Inc (NYSE:ETSYFree Report) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 478,999 shares of the company’s stock after purchasing an additional 10,410 shares during the quarter. Principal Financial Group Inc.’s holdings in Etsy were worth $23,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ETSY. Massachusetts Financial Services Co. MA lifted its position in shares of Etsy by 33.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock worth $10,369,000 after buying an additional 47,105 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings 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 valued at $5,738,000 after buying an additional 79,888 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Etsy by 717.7% in the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after buying an additional 1,314,071 shares during the last quarter. Hussman Strategic Advisors Inc. grew its position in shares of Etsy by 100.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock valued at $4,657,000 after buying an additional 42,000 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Etsy by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock worth $207,022,000 after acquiring an additional 39,067 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Etsy

In other Etsy news, insider Josh Silverman sold 134,730 shares of the company’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 transaction, the insider directly owned 130,694 shares in the company, valued at approximately $9,003,509.66. This represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $74.39, for a total transaction of $1,487,800.00. Following the completion of the transaction, the director directly owned 441,329 shares of the company’s stock, valued at approximately $32,830,464.31. This trade represents a 4.34% decrease in their ownership of the stock. 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 sold a total of 658,943 shares of company stock valued at $47,305,981 in the last quarter. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $80.00 price target on shares of Etsy in a research report on Monday. Roth Capital assumed coverage on Etsy in a report on Thursday, May 21st. They issued a “buy” rating for the company. Arete Research set a $76.00 price target on Etsy and gave the stock a “buy” rating in a research report on Wednesday, May 20th. President Capital upgraded Etsy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $57.00 to $91.00 in a research note on Thursday, June 25th. Finally, Wells Fargo & Company increased their price objective on Etsy from $47.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.48.

View Our Latest Research Report on Etsy

Etsy Stock Performance

Etsy stock opened at $84.24 on Tuesday. The company has a market cap of $7.99 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 3.50 and a beta of 1.83. Etsy Inc has a one year low of $44.00 and a one year high of $87.14. The business has a fifty day moving average of $71.22 and a two-hundred day moving average of $61.43.

Etsy Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ETSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Etsy Inc (NYSE:ETSYFree Report).

Institutional Ownership by Quarter for Etsy (NYSE:ETSY)

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