Etsy (NYSE:ETSY) CFO Charles Baker Sells 1,407 Shares of Company Stock

Etsy Inc (NYSE:ETSY) CFO Charles Baker sold 1,407 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $91.42, for a total transaction of $128,627.94. Following the transaction, the chief financial officer directly owned 15,958 shares in the company, valued at approximately $1,458,880.36. The trade was a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Trading Down 5.1%

Shares of NYSE:ETSY opened at $91.31 on Friday. The company has a 50 day moving average of $79.47 and a 200-day moving average of $68.82. The firm has a market cap of $7.87 billion, a P/E ratio of 10.78, a P/E/G ratio of 2.04 and a beta of 1.76. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $97.85.

Etsy (NYSE:ETSY) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $7.31 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $6.55. Etsy had a net margin of 34.36% and a negative return on equity of 43.65%. The business had revenue of $692.47 million for the quarter, compared to analyst estimates of $669.04 million. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts forecast that Etsy Inc will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Lmcg Investments LLC boosted its stake in shares of Etsy by 0.3% during the 1st quarter. Lmcg Investments LLC now owns 71,569 shares of the company’s stock valued at $3,577,000 after buying an additional 249 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of Etsy by 9.3% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,166 shares of the company’s stock worth $238,000 after acquiring an additional 269 shares during the last quarter. Signaturefd LLC increased its stake in shares of Etsy by 61.8% in the third quarter. Signaturefd LLC now owns 762 shares of the company’s stock worth $54,000 after acquiring an additional 291 shares during the last quarter. Modera Wealth Management LLC increased its stake in shares of Etsy by 1.3% in the first quarter. Modera Wealth Management LLC now owns 23,889 shares of the company’s stock worth $1,194,000 after acquiring an additional 302 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Etsy by 6.0% during the third quarter. Commonwealth Equity Services LLC now owns 5,971 shares of the company’s stock worth $427,000 after acquiring an additional 336 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Upgrades and Downgrades

ETSY has been the topic of several research analyst reports. Royal Bank Of Canada cut Etsy to a “sector perform” rating in a research report on Thursday, August 20th. Seaport Research Partners upgraded Etsy to a “buy” rating in a report on Thursday, August 20th. BTIG Research raised their target price on Etsy from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Bank of America reaffirmed a “buy” rating and set a $115.00 target price on shares of Etsy in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. upgraded shares of Etsy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $100.00 in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.07.

Etsy Company Profile

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.