Etsy Inc (NYSE:ETSY – Get Free Report) insider Richard Edward Colburn III sold 4,472 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $71.31, for a total value of $318,898.32. Following the sale, the insider directly owned 6,503 shares of the company’s stock, valued at $463,728.93. This represents a 40.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Richard Edward Colburn III also recently made the following trade(s):
- On Thursday, September 3rd, Richard Edward Colburn III sold 2,913 shares of Etsy stock. The stock was sold at an average price of $82.11, for a total value of $239,186.43.
- On Monday, August 10th, Richard Edward Colburn III sold 8,252 shares of Etsy stock. The stock was sold at an average price of $82.09, for a total value of $677,406.68.
Etsy Price Performance
Shares of ETSY stock traded up $0.19 during trading hours on Wednesday, reaching $71.58. 2,349,079 shares of the company traded hands, compared to its average volume of 3,243,019. The firm has a 50-day moving average price of $77.74 and a 200 day moving average price of $70.46. The company has a market cap of $6.79 billion, a P/E ratio of 39.99, a P/E/G ratio of 1.77 and a beta of 1.86. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $87.97.
Institutional Trading of Etsy
Several hedge funds have recently bought and sold shares of ETSY. Blue Trust Inc. raised its stake in Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after acquiring an additional 200 shares during the last quarter. Lmcg Investments LLC increased its holdings in shares of Etsy by 0.3% in the first quarter. Lmcg Investments LLC now owns 71,569 shares of the company’s stock valued at $3,577,000 after purchasing an additional 249 shares during the period. Modera Wealth Management LLC raised its stake in shares of Etsy by 1.3% during the first quarter. Modera Wealth Management LLC now owns 23,889 shares of the company’s stock worth $1,194,000 after purchasing an additional 302 shares during the last quarter. Compound Planning Inc. lifted its holdings in shares of Etsy by 8.6% during the first quarter. Compound Planning Inc. now owns 4,346 shares of the company’s stock worth $217,000 after purchasing an additional 346 shares during the period. Finally, Waddell & Associates LLC lifted its holdings in shares of Etsy by 12.6% during the fourth quarter. Waddell & Associates LLC now owns 3,643 shares of the company’s stock worth $202,000 after purchasing an additional 408 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on ETSY shares. Seaport Research Partners raised shares of Etsy to a “buy” rating in a report on Thursday, August 20th. Weiss Ratings downgraded Etsy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. B. Riley Financial upped their price objective on Etsy from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Sanford C. Bernstein upgraded Etsy from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 11th. Finally, Loop Capital set a $105.00 target price on Etsy in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Etsy presently has an average rating of “Hold” and an average target price of $86.21.
Read Our Latest Report on Etsy
Etsy Company Profile
Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.
The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.
Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.
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