Etsy (NYSE:ETSY) Director Sells $17,475.00 in Stock

Etsy Inc (NYSE:ETSY) Director Marla Blow sold 300 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $58.25, for a total transaction of $17,475.00. Following the sale, the director owned 8,591 shares of the company’s stock, valued at $500,425.75. This trade represents a 3.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Price Performance

Shares of NYSE:ETSY traded down $1.32 during trading on Tuesday, reaching $57.52. The company had a trading volume of 3,241,897 shares, compared to its average volume of 3,462,089. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 5.18 and a beta of 1.89. The firm’s fifty day moving average price is $56.74. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $76.51.

Etsy (NYSE:ETSY) last released its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. The business had revenue of $881.64 million for the quarter. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%. On average, equities research analysts expect that Etsy Inc will post 3.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Guggenheim raised their target price on shares of Etsy from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus dropped their target price on Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Canaccord Genuity Group boosted their target price on Etsy from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research cut Etsy from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $75.00 target price on shares of Etsy in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Etsy presently has a consensus rating of “Hold” and an average price target of $70.09.

Hedge Funds Weigh In On Etsy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board grew its stake in Etsy by 21.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 430,824 shares of the company’s stock valued at $28,602,000 after acquiring an additional 75,295 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Etsy by 1,648.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the company’s stock valued at $46,916,000 after acquiring an additional 666,253 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Etsy by 33.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock valued at $10,369,000 after acquiring an additional 47,105 shares during the last quarter. Lone Pine Capital LLC acquired a new position in shares of Etsy during the 3rd quarter worth approximately $257,614,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of Etsy during the 3rd quarter worth approximately $1,889,000. 99.53% of the stock is owned by institutional investors and hedge funds.

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 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.