Etsy (NYSE:ETSY) Insider Josh Silverman Sells 41,500 Shares of Company Stock

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 41,500 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $92.13, for a total transaction of $3,823,395.00. Following the sale, the insider directly owned 221,117 shares in the company, valued at approximately $20,371,509.21. This trade represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Josh Silverman also recently made the following trade(s):

• On Friday, October 30th, Josh Silverman sold 1,189 shares of Etsy stock. The stock was sold at an average price of $88.70, for a total value of $105,464.30.
• On Thursday, October 15th, Josh Silverman sold 417 shares of Etsy stock. The shares were sold at an average price of $84.47, for a total value of $35,223.99.
• On Tuesday, October 13th, Josh Silverman sold 714 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total value of $56,406.00.
• On Thursday, October 8th, Josh Silverman sold 383 shares of Etsy stock. The shares were sold at an average price of $74.00, for a total value of $28,342.00.
• On Thursday, October 1st, Josh Silverman sold 2,090 shares of Etsy stock. The stock was sold at an average price of $72.45, for a total value of $151,420.50.
• On Tuesday, September 1st, Josh Silverman sold 11,696 shares of Etsy stock. The stock was sold at an average price of $81.85, for a total value of $957,317.60.
• On Thursday, September 3rd, Josh Silverman sold 1,671 shares of Etsy stock. The stock was sold at an average price of $84.00, for a total value of $140,364.00.
• On Tuesday, August 4th, Josh Silverman sold 6,294 shares of Etsy stock. The shares were sold at an average price of $84.00, for a total value of $528,696.00.

Etsy Stock Up 4.0%

Shares of ETSY traded up $3.56 during trading hours on Monday, reaching $92.52. The company’s stock had a trading volume of 5,002,804 shares, compared to its average volume of 3,275,248. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 2.07 and a beta of 1.75. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $95.49. The company has a 50 day moving average of $78.74 and a two-hundred day moving average of $68.21.

Etsy (NYSE:ETSY) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $6.55. The business had revenue of $692.47 million during the quarter, compared to analyst estimates of $669.04 million. Etsy had a net margin of 34.36% and a negative return on equity of 43.65%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. As a group, analysts forecast that Etsy Inc will post 3.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ETSY shares. Raymond James Financial lifted their target price on shares of Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Zacks Research lowered Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen raised Etsy from a “hold” rating to a “buy” rating in a research report on Saturday. Arete Research downgraded Etsy from a “buy” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Thursday, September 24th. Finally, Weiss Ratings upgraded shares of Etsy from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $94.07.

Institutional Trading of Etsy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Etsy by 11.1% during the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock worth $297,991,000 after acquiring an additional 594,768 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in 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 purchasing an additional 1,112,520 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Etsy by 48.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock valued at $121,532,000 after purchasing an additional 523,092 shares during the period. William Blair Investment Management LLC bought a new stake in Etsy in the 2nd quarter valued at $120,417,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Etsy by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,573,696 shares of the company’s stock valued at $78,642,000 after purchasing an additional 100,542 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.

Etsy Company Profile

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.