Etsy (NYSE:ETSY) CAO Merilee Buckley Sells 405 Shares

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 405 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $79.50, for a total value of $32,197.50. Following the transaction, the chief accounting officer owned 167 shares of the company’s stock, valued at $13,276.50. This trade represents a 70.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Merilee Buckley also recently made the following trade(s):

• On Monday, July 6th, Merilee Buckley sold 881 shares of Etsy stock. The stock was sold at an average price of $75.35, for a total transaction of $66,383.35.

Etsy Stock Performance

Shares of ETSY traded up $0.74 during mid-day trading on Wednesday, hitting $80.70. 2,047,129 shares of the company’s stock were exchanged, compared to its average volume of 3,265,948. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 5.47 and a beta of 1.84. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The stock’s 50-day moving average is $79.30 and its 200-day moving average is $64.88.

Etsy (NYSE:ETSY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The business had revenue of $668.31 million during the quarter, compared to analyst estimates of $646.10 million. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts anticipate that Etsy Inc will post 3.94 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on ETSY. Guggenheim upped their price target on Etsy from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Canaccord Genuity Group set a $92.00 target price on shares of Etsy in a research note on Thursday, August 6th. Susquehanna cut shares of Etsy to a “neutral” rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Etsy from $74.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Etsy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.73.

Institutional Investors Weigh In On Etsy

Several hedge funds and other institutional investors have recently made changes to their positions in ETSY. Janus Henderson Group PLC boosted its holdings in shares of Etsy by 627.2% in the 1st quarter. Janus Henderson Group PLC now owns 279,407 shares of the company’s stock valued at $13,962,000 after buying an additional 240,986 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Etsy by 51.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock valued at $163,841,000 after acquiring an additional 1,112,520 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Etsy by 338.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock valued at $5,738,000 after acquiring an additional 79,888 shares during the last quarter. SG Americas Securities LLC boosted its stake in Etsy by 717.7% in the first quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after acquiring an additional 1,314,071 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. grew its holdings in shares of Etsy by 100.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $4,657,000 after purchasing an additional 42,000 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

About Etsy

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.