Etsy (NASDAQ:ETSY) CAO Merilee Buckley Sells 11,827 Shares

Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley sold 11,827 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $61.47, for a total transaction of $727,005.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Etsy Price Performance

ETSY stock traded down $2.62 during trading on Tuesday, hitting $58.46. 3,949,492 shares of the stock traded hands, compared to its average volume of 5,081,328. The firm’s 50 day moving average is $64.47 and its two-hundred day moving average is $58.21. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 47.15, a price-to-earnings-growth ratio of 10.65 and a beta of 1.85. Etsy, Inc. has a 1 year low of $40.05 and a 1 year high of $76.51.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The company had revenue of $678.03 million for the quarter, compared to the consensus estimate of $655.83 million. During the same period in the prior year, the firm posted $0.45 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Institutional Trading of Etsy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Holocene Advisors LP raised its holdings in Etsy by 697.4% during the second quarter. Holocene Advisors LP now owns 5,343,797 shares of the specialty retailer’s stock worth $268,045,000 after acquiring an additional 4,673,615 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Etsy by 423.7% during the 1st quarter. AQR Capital Management LLC now owns 4,658,225 shares of the specialty retailer’s stock worth $218,890,000 after buying an additional 3,768,787 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Etsy by 112.8% during the first quarter. Acadian Asset Management LLC now owns 2,803,956 shares of the specialty retailer’s stock valued at $132,273,000 after buying an additional 1,486,142 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Etsy by 62.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,692,134 shares of the specialty retailer’s stock worth $185,197,000 after acquiring an additional 1,416,772 shares during the period. Finally, Norges Bank bought a new position in shares of Etsy in the second quarter worth $65,207,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Arete Research upgraded shares of Etsy from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 7th. Stifel Nicolaus increased their price objective on shares of Etsy from $45.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Etsy from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Jefferies Financial Group increased their price target on Etsy from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, October 17th. Finally, Guggenheim reissued a “buy” rating and set a $70.00 price objective on shares of Etsy in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.24.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.