Etsy (NYSE:ETSY) CAO Merilee Buckley Sells 405 Shares

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 405 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $79.50, for a total value of $32,197.50. Following the transaction, the chief accounting officer directly owned 167 shares of the company’s stock, valued at $13,276.50. The trade was a 70.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Merilee Buckley also recently made the following trade(s):

• On Monday, July 6th, Merilee Buckley sold 881 shares of Etsy stock. The stock was sold at an average price of $75.35, for a total value of $66,383.35.

Etsy Price Performance

NYSE ETSY traded up $0.74 during mid-day trading on Wednesday, hitting $80.70. The stock had a trading volume of 2,047,129 shares, compared to its average volume of 3,265,948. The firm’s 50 day moving average is $79.30 and its 200 day moving average is $64.88. 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 $7.66 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 5.47 and a beta of 1.84.

Etsy (NYSE:ETSY) last announced its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($1.24). The business had revenue of $668.31 million for the quarter, compared to analyst estimates of $646.10 million. Etsy had a negative return on equity of 34.18% and a net margin of 7.32%.The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. As a group, equities research analysts expect that Etsy Inc will post 3.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ETSY. Renaissance Technologies LLC raised its stake in shares of Etsy by 11.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock valued at $297,991,000 after acquiring an additional 594,768 shares during the period. AQR Capital Management LLC increased its holdings in Etsy by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock valued at $227,785,000 after purchasing an additional 1,177,301 shares during the last quarter. Van ECK Associates Corp raised its position in Etsy by 1.1% in the fourth quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock valued at $207,022,000 after purchasing an additional 39,067 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Etsy by 51.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock valued at $163,841,000 after purchasing an additional 1,112,520 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Etsy by 48.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock worth $121,532,000 after purchasing an additional 523,092 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analysts Set New Price Targets

ETSY has been the topic of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Etsy in a research note on Monday. They issued a “neutral” rating and a $89.00 target price on the stock. Guggenheim boosted their price objective on Etsy from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Piper Sandler raised their target price on Etsy from $70.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Canaccord Genuity Group set a $92.00 price target on shares of Etsy in a research note on Thursday, August 6th. Finally, Susquehanna lowered shares of Etsy to a “neutral” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $82.73.

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.