Swiss National Bank Purchases 1,800 Shares of Etsy, Inc. (NASDAQ:ETSY)

Swiss National Bank grew its position in Etsy, Inc. (NASDAQ:ETSYGet Rating) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 550,839 shares of the specialty retailer’s stock after purchasing an additional 1,800 shares during the quarter. Swiss National Bank owned approximately 0.44% of Etsy worth $40,327,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Etsy by 0.9% during the first quarter. Vanguard Group Inc. now owns 13,703,486 shares of the specialty retailer’s stock worth $1,703,069,000 after acquiring an additional 118,034 shares in the last quarter. Capital World Investors boosted its stake in Etsy by 13.4% during the first quarter. Capital World Investors now owns 3,457,269 shares of the specialty retailer’s stock worth $429,669,000 after acquiring an additional 409,540 shares in the last quarter. Flossbach Von Storch AG boosted its stake in Etsy by 6.5% during the first quarter. Flossbach Von Storch AG now owns 2,788,570 shares of the specialty retailer’s stock worth $346,563,000 after acquiring an additional 170,402 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Etsy by 5.2% during the first quarter. Principal Financial Group Inc. now owns 2,452,354 shares of the specialty retailer’s stock worth $304,779,000 after acquiring an additional 120,910 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Etsy by 69.7% during the first quarter. Clearbridge Investments LLC now owns 2,314,633 shares of the specialty retailer’s stock worth $287,663,000 after acquiring an additional 950,415 shares in the last quarter. 98.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America cut their target price on shares of Etsy from $120.00 to $110.00 in a research note on Tuesday, November 1st. Piper Sandler initiated coverage on shares of Etsy in a research note on Wednesday, August 3rd. They set a “neutral” rating and a $95.00 target price on the stock. TheStreet lowered shares of Etsy from a “c” rating to a “d” rating in a research note on Wednesday, November 2nd. The Goldman Sachs Group initiated coverage on shares of Etsy in a research note on Monday, October 10th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, Truist Financial raised their price objective on shares of Etsy from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $124.61.

Etsy Stock Performance

NASDAQ ETSY opened at $119.72 on Thursday. Etsy, Inc. has a 52-week low of $67.01 and a 52-week high of $307.75. The company has a 50-day simple moving average of $103.95 and a 200 day simple moving average of $95.81. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.72 and a current ratio of 2.72. The company has a market capitalization of $15.05 billion, a PE ratio of -22.17 and a beta of 1.71.

Insider Buying and Selling

In related news, CFO Rachel C. Glaser sold 75,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $115.63, for a total transaction of $8,672,250.00. Following the completion of the sale, the chief financial officer now owns 49,143 shares in the company, valued at $5,682,405.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Rachel C. Glaser sold 75,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $115.63, for a total transaction of $8,672,250.00. Following the completion of the sale, the chief financial officer now owns 49,143 shares in the company, valued at $5,682,405.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Daniel sold 2,540 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $103.20, for a total transaction of $262,128.00. Following the sale, the insider now owns 3,309 shares of the company’s stock, valued at approximately $341,488.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 241,901 shares of company stock worth $25,527,994. Insiders own 3.10% of the company’s stock.

Etsy Profile

(Get Rating)

Etsy, Inc engages in the operation of online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments. Etsy, Reverb, Depop, and Elo7. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in 2005 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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