Frederick R. Wilson Sells 87,938 Shares of Etsy, Inc. (ETSY) Stock
Etsy, Inc. (NASDAQ:ETSY) Director Frederick R. Wilson sold 87,938 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $16.24, for a total value of $1,428,113.12. Following the completion of the transaction, the director now directly owns 822,062 shares in the company, valued at $13,350,286.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Etsy, Inc. (NASDAQ:ETSY) opened at $16.59 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market capitalization of $2,026.54, a P/E ratio of 66.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. Etsy, Inc. has a twelve month low of $9.41 and a twelve month high of $17.90.
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A number of research analysts have recently issued reports on ETSY shares. DA Davidson started coverage on Etsy in a research note on Wednesday, September 6th. They issued a “buy” rating and a $18.00 price objective on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $13.50 target price (up from $9.50) on shares of Etsy in a research report on Thursday, July 20th. Zacks Investment Research lowered Etsy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $14.50 target price on shares of Etsy in a research report on Wednesday, October 4th. Finally, Ifs Securities reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Etsy in a research report on Thursday, August 24th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.69.
A number of institutional investors and hedge funds have recently modified their holdings of ETSY. Janus Henderson Group PLC bought a new stake in Etsy during the 2nd quarter worth approximately $95,291,000. TPG Group Holdings SBS Advisors Inc. increased its holdings in Etsy by 2,287.5% during the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock worth $75,058,000 after purchasing an additional 4,794,297 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in Etsy during the 2nd quarter worth approximately $16,650,000. Prudential Financial Inc. bought a new stake in Etsy during the 3rd quarter worth approximately $13,091,000. Finally, Pictet Asset Management Ltd. bought a new stake in Etsy during the 3rd quarter worth approximately $11,541,000. 75.25% of the stock is owned by hedge funds and other institutional investors.
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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