Etsy Inc (NYSE:ETSY – Get Free Report) Director Frederick Wilson sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $81.86, for a total value of $1,637,200.00. Following the completion of the transaction, the director owned 401,329 shares in the company, valued at $32,852,791.94. This trade represents a 4.75% decrease in their position. The sale was disclosed in a document filed 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 Trading Up 0.2%
Etsy stock opened at $81.88 on Friday. The stock has a 50 day moving average of $81.31 and a two-hundred day moving average of $67.25. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $87.97. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 2.04 and a beta of 1.81.
Etsy (NYSE:ETSY – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The company had revenue of $668.31 million during the quarter, compared to analyst estimates of $646.10 million. During the same period in the previous year, the firm posted $0.25 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts predict that Etsy Inc will post 3.94 earnings per share for the current year.
Analyst Ratings Changes
Check Out Our Latest Research Report on Etsy
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in shares of Etsy by 7,217.3% during the second quarter. California State Teachers Retirement System now owns 7,561,851 shares of the company’s stock worth $569,634,000 after purchasing an additional 7,458,509 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Etsy in the 2nd quarter valued at about $120,417,000. SG Americas Securities LLC increased its stake in shares of Etsy by 717.7% during the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after acquiring an additional 1,314,071 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Etsy by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock valued at $227,785,000 after acquiring an additional 1,177,301 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Etsy by 51.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock valued at $163,841,000 after acquiring an additional 1,112,520 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.
More Etsy News
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Zacks Research upgraded Etsy from “hold” to “strong-buy,” providing a positive technical and sentiment catalyst for the stock. Etsy investor conference announcement
- Positive Sentiment: Etsy will participate in the Goldman Sachs Communacopia and Technology Conference on September 9. Investors may look for updates on marketplace trends, growth initiatives and outlook during the webcast fireside chat, although no new financial guidance was provided. Etsy to Participate in Upcoming Investor Conference
- Neutral Sentiment: Several executives and directors reported stock sales totaling roughly 36,280 shares. Josh Silverman sold 13,367 shares, director Frederick Wilson sold 20,000 shares, and Richard Edward Colburn III sold 2,913 shares. Silverman’s and Wilson’s transactions were executed under pre-arranged Rule 10b5-1 plans, while Colburn’s sale covered tax withholding tied to vested equity awards, reducing the likelihood that the trades signal deteriorating confidence. Etsy insider transaction filing
- Negative Sentiment: The insider transactions represent near-term selling pressure and may attract investor attention because they occurred around the $82–$84 range. However, the sellers retained substantial holdings, including Silverman’s approximately 249,559 shares and Wilson’s approximately 401,329 shares. Etsy director transaction filing
About Etsy
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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