Frederick R. Wilson Sells 146,697 Shares of Etsy Inc. (ETSY) Stock
Etsy Inc. (NASDAQ:ETSY) Director Frederick R. Wilson sold 146,697 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $11.48, for a total transaction of $1,684,081.56. Following the completion of the transaction, the director now directly owns 822,062 shares of the company’s stock, valued at approximately $9,437,271.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Etsy Inc. (NASDAQ:ETSY) opened at 12.05 on Wednesday. Etsy Inc. has a 12 month low of $6.04 and a 12 month high of $16.05. The stock’s 50 day moving average is $13.58 and its 200-day moving average is $11.72. The stock’s market capitalization is $1.34 billion.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Tuesday, November 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Etsy had a negative net margin of 3.72% and a negative return on equity of 1.69%. The company earned $87.56 million during the quarter, compared to analysts’ expectations of $86.79 million. During the same quarter in the prior year, the company earned ($0.06) EPS. Etsy’s revenue was up 33.3% compared to the same quarter last year. On average, equities research analysts expect that Etsy Inc. will post ($0.05) earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Etsy by 42.6% in the first quarter. JPMorgan Chase & Co. now owns 543,251 shares of the company’s stock valued at $4,726,000 after buying an additional 162,213 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Etsy during the first quarter valued at about $177,000. Hamilton Lane Advisors LLC boosted its stake in shares of Etsy by 6.6% in the second quarter. Hamilton Lane Advisors LLC now owns 352,959 shares of the company’s stock valued at $3,265,000 after buying an additional 21,884 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Etsy during the second quarter valued at about $280,000. Finally, Hillman Co. boosted its stake in shares of Etsy by 11.4% in the second quarter. Hillman Co. now owns 988,238 shares of the company’s stock valued at $9,477,000 after buying an additional 101,468 shares in the last quarter. 56.48% of the stock is owned by institutional investors.
A number of research analysts recently commented on ETSY shares. Vetr downgraded shares of Etsy from a “strong-buy” rating to a “buy” rating and set a $12.44 price target for the company. in a report on Monday, August 1st. Citigroup Inc. started coverage on shares of Etsy in a report on Monday, August 1st. They issued a “buy” rating and a $14.00 price target for the company. Maxim Group increased their price target on shares of Etsy from $12.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, August 5th. Finally, Monness Crespi & Hardt raised shares of Etsy from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, September 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.
Etsy, Inc (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.
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