Lone Pine Capital Reduces $270M in Etsy, Inc. ($ETSY)
Lone Pine Capital sold its entire 3.88 million share stake in Etsy, Inc., reflecting a 100% reduction.
Key Points
- Lone Pine Capital sold all 3.88 million shares of Etsy, Inc., completely exiting its position as of its latest 13F filing.
- Etsy, Inc. trades on the NYSE with a market cap of $6.59 billion and a P/E ratio of 26.6.
- Insiders at Etsy, Inc. were active, with recent purchases and sales, and analysts maintained their ratings.
Lone Pine Capital has fully exited its position in Etsy, Inc. (NYSE:ETSY), selling all of its 3,880,316 shares. This move was reported in its latest Form 13F filing with the SEC, reflecting a 100% reduction in its stake.
What Changed in Lone Pine Capital's Etsy, Inc. Position
Lone Pine Capital reduced its holdings in Etsy, Inc. from 3,880,316 shares to zero, marking a complete exit from its prior position. The stake had been valued at approximately $69.48 million based on the latest share price.
Other Institutional Activity in Etsy, Inc.
In other institutional moves, BlackRock, Inc. decreased its Etsy holdings by 208,928 shares, ending with 13,187,497 shares valued at about $659.1 million. Renaissance Technologies LLC increased its stake by 594,768 shares to 5,962,210 shares, worth approximately $297.99 million. Vanguard Portfolio Management LLC established a new position with 5,504,657 shares valued at $275.12 million. Barclays PLC added 792,495 shares, bringing its total to 4,833,715 shares valued at $241.59 million. Meanwhile, Balyasny Asset Management L.P. more than doubled its holdings, adding 2,437,473 shares to reach a total of 4,558,200 shares, valued at about $227.82 million.
Etsy, Inc. Stock Snapshot
Shares of Etsy, Inc. (NYSE:ETSY) traded near $69.48. The company has a market cap of $6.59 billion and a P/E ratio of 26.6. It has a beta of 1.864, indicating higher volatility compared to the market. The stock's 52-week range is between $44.00 and $76.52, with a 50-day moving average of $62.36 and a 200-day moving average of $59.17. The current ratio is 1.689, suggesting adequate liquidity.
Recent Earnings
Etsy, Inc. reported revenue of $2.90 billion with a modest growth rate of 3.1%. The company's net margin stands at 9.81%, and it achieved an EPS of $2.61. The next earnings report is expected on July 29, 2026.
Insider Buying and Selling at Etsy, Inc.
Recent insider activity at Etsy, Inc. included purchases by Melissa Reiff, Frederick Wilson, and Marla Blow, each acquiring shares on June 9, 2026. David Rosenblatt and Gary Briggs sold shares on the same day. These transactions were not part of any pre-arranged trading plans.
Analysts Set New Price Targets
On June 12, 2026, JP Morgan maintained its 'hold' rating for Etsy, Inc. with a price target of $78.00. B of A Securities also kept its 'hold' rating on May 28, 2026, with a target of $75.00. On May 21, 2026, Argus Research upgraded the stock to 'buy' with a target of $67.00. Overall, the consensus among analysts is to hold, with a mean target price of $72.4.
About Etsy, Inc.
Etsy, Inc. operates online marketplaces that connect buyers and sellers, focusing on handmade and vintage items. Headquartered in Brooklyn, New York, the company runs its main marketplace along with Depop, a fashion resale platform. Under the leadership of CEO Kruti Patel Goyal, Etsy, Inc. employs 2,375 people and serves markets primarily in the U.S. and the U.K.
Bottom Line
Lone Pine Capital's complete exit from Etsy, Inc. highlights a significant shift in its investment strategy. Investors often track these 13F filings for insights into institutional moves, though it's important to remember these filings are historical and may not reflect current positions. Etsy remains a significant player in the online retail space, with active institutional and insider engagement.
See Also
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