Etsy Inc (NYSE:ETSY - Get Free Report) insider Josh Silverman sold 24,296 shares of the business's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $59.00, for a total transaction of $1,433,464.00. Following the sale, the insider directly owned 130,694 shares of the company's stock, valued at approximately $7,710,946. This represents a 15.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Josh Silverman also recently made the following trade(s):
- On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The stock was sold at an average price of $64.00, for a total transaction of $1,943,616.00.
- On Monday, April 6th, Josh Silverman sold 12,148 shares of Etsy stock. The shares were sold at an average price of $54.00, for a total value of $655,992.00.
- On Wednesday, April 1st, Josh Silverman sold 6,074 shares of Etsy stock. The shares were sold at an average price of $49.07, for a total value of $298,051.18.
- On Monday, February 2nd, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $53.26, for a total value of $1,153,931.16.
Etsy Trading Up 3.8%
Shares of NYSE ETSY opened at $64.23 on Tuesday. The company has a market cap of $6.18 billion, a P/E ratio of 49.03, a price-to-earnings-growth ratio of 4.04 and a beta of 1.77. Etsy Inc has a 12-month low of $41.51 and a 12-month high of $76.51. The business has a 50 day moving average of $52.61.
Etsy (NYSE:ETSY - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. Etsy had a negative return on equity of 24.94% and a net margin of 5.65%.The firm had revenue of $881.64 million during the quarter. Equities research analysts forecast that Etsy Inc will post 3.62 earnings per share for the current year.
Hedge Funds Weigh In On Etsy
Large investors have recently bought and sold shares of the stock. Lone Pine Capital LLC bought a new stake in shares of Etsy during the 3rd quarter worth about $257,614,000. SG Americas Securities LLC boosted its holdings in shares of 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. AQR Capital Management LLC increased its stake in shares of Etsy by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company's stock valued at $227,785,000 after acquiring an additional 1,177,301 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Etsy by 1,648.1% during the third 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 period. Finally, Norges Bank bought a new stake in Etsy during the fourth quarter worth approximately $33,903,000. Institutional investors and hedge funds own 99.53% of the company's stock.
Wall Street Analyst Weigh In
ETSY has been the subject of several recent research reports. Truist Financial upped their price target on shares of Etsy from $80.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Wells Fargo & Company reduced their target price on shares of Etsy from $52.00 to $47.00 and set an "underweight" rating for the company in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Etsy from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Stifel Nicolaus dropped their price target on shares of Etsy from $62.00 to $55.00 and set a "hold" rating on the stock in a research note on Friday, February 20th. Finally, Cantor Fitzgerald cut their price target on Etsy from $55.00 to $51.00 and set a "neutral" rating on the stock in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.67.
Check Out Our Latest Report on Etsy
About Etsy
(
Get Free Report)
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.
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