Goyal Kruti Patel Sells 6,800 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock


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Etsy, Inc. (NASDAQ:ETSY) insider Goyal Kruti Patel sold 6,800 shares of the firm’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $207.70, for a total value of $1,412,360.00. Following the transaction, the insider now owns 38,408 shares in the company, valued at approximately $7,977,341.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Etsy stock opened at $204.02 on Thursday. The stock has a 50-day moving average price of $212.21 and a two-hundred day moving average price of $176.79. Etsy, Inc. has a 12 month low of $47.87 and a 12 month high of $251.86. The company has a market capitalization of $25.72 billion, a PE ratio of 113.34, a P/E/G ratio of 3.58 and a beta of 1.66. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 1.65.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Thursday, February 25th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.48. Etsy had a return on equity of 46.30% and a net margin of 16.83%. As a group, analysts predict that Etsy, Inc. will post 2.12 earnings per share for the current fiscal year.

Several research firms have recently issued reports on ETSY. Stifel Nicolaus reissued a “hold” rating and set a $170.00 target price on shares of Etsy in a report on Sunday, February 7th. BTIG Research increased their price objective on shares of Etsy from $174.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 29th. Oppenheimer raised their target price on shares of Etsy from $160.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, February 26th. Citigroup upped their price target on shares of Etsy from $250.00 to $260.00 in a report on Tuesday, March 2nd. Finally, Needham & Company LLC lifted their price objective on shares of Etsy from $155.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $207.09.

Institutional investors have recently modified their holdings of the stock. Credit Agricole S A bought a new position in Etsy during the 4th quarter worth $25,000. BNC Wealth Management LLC acquired a new stake in shares of Etsy in the third quarter valued at about $26,000. Salem Investment Counselors Inc. bought a new position in shares of Etsy during the fourth quarter worth about $27,000. Jackson Grant Investment Advisers Inc. bought a new position in shares of Etsy during the fourth quarter worth about $27,000. Finally, Associated Banc Corp lifted its stake in shares of Etsy by 450.0% in the fourth quarter. Associated Banc Corp now owns 165 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 135 shares during the period. 87.69% of the stock is currently owned by institutional investors.

Etsy Company 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 online market places include Etsy.com and Reverb.com. The company offers approximately 85 million items in its various retail categories to buyers.

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Insider Buying and Selling by Quarter for Etsy (NASDAQ:ETSY)

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