Lone Pine Capital Reduces $269M in Etsy, Inc. ($ETSY)
Key Points
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Lone Pine Capital reduced its position in Etsy, Inc. ($ETSY), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Etsy, Inc. after selling 3,880,316 shares during the quarter.
Etsy, Inc. Stock Down 16.9%
Shares of Etsy, Inc. ($ETSY) traded around $69.44 on Saturday, down 16.9% for the day.
Etsy, Inc. Earnings
Analysts Set New Price Targets
About Etsy, Inc.
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, and internationally. It operates through Etsy and Depop segments. The company operates Etsy marketplace that connects artisans with various consumers; and Depop, a fashion resale marketplace. It also provides marketplace activities, including transaction offsite advertising, payments processing, and listing fees, as well as from optional seller services, which include on-site advertising and shipping labels. The company was formerly known as Indieco, Inc changed its name to Etsy, Inc. in June 2006. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York.
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