Etsy (NASDAQ:ETSY) Director Marla Blow Sells 300 Shares

Etsy, Inc. (NASDAQ:ETSY) Director Marla Blow sold 300 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $52.35, for a total transaction of $15,705.00. Following the completion of the transaction, the director owned 9,191 shares of the company’s stock, valued at $481,148.85. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Etsy Stock Up 3.0%

Shares of ETSY traded up $1.55 during trading hours on Friday, reaching $53.12. 4,123,740 shares of the company traded hands, compared to its average volume of 5,030,050. The company’s fifty day moving average price is $65.15 and its two-hundred day moving average price is $59.25. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 10.65 and a beta of 1.87. Etsy, Inc. has a 12 month low of $40.05 and a 12 month high of $76.51.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $655.83 million. During the same period in the prior year, the firm earned $0.45 earnings per share. Etsy’s revenue was up 2.4% on a year-over-year basis. On average, analysts expect that Etsy, Inc. will post 2.57 EPS for the current year.

Institutional Trading of Etsy

Several institutional investors have recently bought and sold shares of ETSY. Holocene Advisors LP raised its holdings in Etsy by 697.4% in the second quarter. Holocene Advisors LP now owns 5,343,797 shares of the specialty retailer’s stock worth $268,045,000 after buying an additional 4,673,615 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Etsy by 423.7% during the first quarter. AQR Capital Management LLC now owns 4,658,225 shares of the specialty retailer’s stock valued at $218,890,000 after acquiring an additional 3,768,787 shares in the last quarter. Lone Pine Capital LLC purchased a new position in Etsy in the 3rd quarter worth approximately $257,614,000. Van ECK Associates Corp lifted its position in Etsy by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,695,089 shares of the specialty retailer’s stock valued at $245,317,000 after acquiring an additional 48,236 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Etsy by 62.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,692,134 shares of the specialty retailer’s stock valued at $185,197,000 after acquiring an additional 1,416,772 shares in the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on ETSY shares. Weiss Ratings upgraded Etsy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Needham & Company LLC raised their price objective on Etsy from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Stifel Nicolaus boosted their target price on shares of Etsy from $45.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $72.00 price target on shares of Etsy in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Etsy from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.