Pacer Advisors Inc. Sells 19,569 Shares of Etsy Inc $ETSY

Pacer Advisors Inc. cut its stake in shares of Etsy Inc (NYSE:ETSY) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 462,328 shares of the company’s stock after selling 19,569 shares during the quarter. Pacer Advisors Inc. owned 0.48% of Etsy worth $25,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its position in shares of Etsy by 19.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock valued at $282,000 after buying an additional 961 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Etsy by 55.5% in the 1st quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock worth $456,000 after purchasing an additional 3,451 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Etsy in the 1st quarter worth about $2,181,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Etsy by 33.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock valued at $180,000 after purchasing an additional 906 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Etsy during the 2nd quarter valued at about $232,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Etsy from $74.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Barclays increased their target price on Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Guggenheim started coverage on shares of Etsy in a report on Thursday, May 21st. They issued a “buy” rating on the stock. Needham & Company LLC lifted their price objective on Etsy from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their price target on shares of Etsy from $47.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $71.00.

Etsy Stock Up 0.1%

Shares of ETSY stock opened at $74.03 on Friday. The company has a 50 day moving average price of $64.09 and a 200-day moving average price of $57.82. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $76.51. The firm has a market capitalization of $7.02 billion, a PE ratio of 30.84, a P/E/G ratio of 2.95 and a beta of 1.88.

Insider Activity at Etsy

In other Etsy news, insider Richard Edward Colburn III sold 4,776 shares of Etsy stock in a transaction that occurred 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 completion of the sale, the insider owned 6,503 shares of the company’s stock, valued at approximately $423,280.27. The trade was a 42.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederick R. Wilson sold 20,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.79, for a total transaction of $1,375,800.00. Following the sale, the director owned 461,329 shares of the company’s stock, valued at approximately $31,734,821.91. This represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 553,988 shares of company stock worth $37,027,108. Company insiders own 2.50% of the company’s stock.

Etsy 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.