Etsy Inc (NYSE:ETSY - Get Free Report) Director Frederick Wilson sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $83.22, for a total value of $1,664,400.00. Following the completion of the sale, the director directly owned 421,329 shares in the company, valued at approximately $35,062,999.38. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Etsy Price Performance
NYSE:ETSY opened at $86.48 on Wednesday. The firm has a market capitalization of $8.21 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.26 and a beta of 1.84. The business has a 50 day simple moving average of $76.35 and a 200 day simple moving average of $63.25. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $87.26.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. B. Riley Financial downgraded shares of Etsy from a "buy" rating to a "neutral" rating and boosted their price target for the company from $70.00 to $75.00 in a report on Thursday, April 30th. Wedbush initiated coverage on shares of Etsy in a report on Thursday, July 16th. They issued a "neutral" rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Etsy from $78.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Wall Street Zen lowered shares of Etsy from a "buy" rating to a "hold" rating in a research note on Sunday, May 31st. Finally, BTIG Research cut shares of Etsy from a "buy" rating to a "neutral" rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $75.36.
View Our Latest Stock Report on Etsy
Institutional Investors Weigh In On Etsy
Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in Etsy by 10.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company's stock valued at $88,000 after buying an additional 158 shares in the last quarter. Alamea Verwaltungs GmbH raised its position in shares of Etsy by 2.3% during the 2nd quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company's stock worth $370,000 after buying an additional 169 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Etsy by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company's stock worth $419,000 after acquiring an additional 180 shares during the period. Blue Trust Inc. lifted its stake in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock worth $62,000 after acquiring an additional 200 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Etsy by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company's stock valued at $1,250,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.
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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