Key Points
- Etsy director Frederick Wilson sold 20,000 shares on May 22 at an average price of $61.63, totaling about $1.23 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Wilson still held 481,329 shares worth roughly $29.7 million, and the sale reduced his ownership by 3.99%.
- ETSY shares recently traded at $64.21, with the stock sitting between a 52-week low of $44.00 and high of $76.51. Analysts currently have an average rating of Hold with a consensus price target of $70.75.
Etsy Inc (NYSE:ETSY - Get Free Report) Director Frederick Wilson sold 20,000 shares of the business's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $61.63, for a total value of $1,232,600.00. Following the transaction, the director owned 481,329 shares in the company, valued at approximately $29,664,306.27. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Etsy Stock Performance
Shares of ETSY stock opened at $64.21 on Wednesday. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $76.51. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 5.64 and a beta of 1.89. The stock's 50-day simple moving average is $57.66 and its 200-day simple moving average is $56.15.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. EFG International AG purchased a new position in shares of Etsy during the fourth quarter worth $33,000. Abich Financial Wealth Management LLC purchased a new position in shares of Etsy during the third quarter worth $51,000. Blue Trust Inc. raised its holdings in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock worth $62,000 after purchasing an additional 200 shares during the last quarter. Danske Bank A S purchased a new position in shares of Etsy during the third quarter worth $66,000. Finally, Federation des caisses Desjardins du Quebec raised its holdings in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company's stock worth $67,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ETSY. B. Riley Financial cut shares of Etsy from a "buy" rating to a "neutral" rating and raised their price target for the stock from $70.00 to $75.00 in a report on Thursday, April 30th. Bank of America decreased their price target on shares of Etsy from $77.00 to $72.00 in a report on Wednesday, May 20th. Roth Mkm began coverage on shares of Etsy in a report on Thursday, May 21st. They issued a "buy" rating for the company. Wells Fargo & Company raised their price target on shares of Etsy from $47.00 to $61.00 and gave the stock an "underweight" rating in a report on Thursday, April 30th. Finally, Needham & Company LLC raised their price target on shares of Etsy from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $70.75.
Get Our Latest Stock Report on ETSY
Etsy Company Profile
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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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