Etsy, Inc. (NASDAQ:ETSY) CEO Sells $1510582.50 in Stock - Defense World - Financial Daily News Site

Etsy, Inc. (NASDAQ:ETSY) CEO Sells $1510582.50 in Stock – Defense World


Etsy, Inc. (NASDAQ:ETSY – Get Rating) CEO Josh Silverman sold 20,850 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $72.45, for a total transaction of $1,510,582.50. Following the sale, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at approximately $7,441,122.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, May 11th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $81.34, for a total transaction of $1,695,939.00.
  • On Wednesday, April 27th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $98.18, for a total transaction of $2,047,053.00.
  • On Wednesday, April 13th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $116.54, for a total transaction of $2,429,859.00.
  • On Thursday, March 3rd, Josh Silverman sold 38,300 shares of Etsy stock. The stock was sold at an average price of $158.19, for a total transaction of $6,058,677.00.
  • On Tuesday, March 1st, Josh Silverman sold 41,700 shares of Etsy stock. The stock was sold at an average price of $158.10, for a total transaction of $6,592,770.00.

NASDAQ:ETSY traded up $6.66 during mid-day trading on Thursday, hitting $78.25. 4,764,670 shares of the company’s stock were exchanged, compared to its average volume of 4,486,475. The company has a 50 day simple moving average of $108.96 and a 200-day simple moving average of $163.44. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 3.52. Etsy, Inc. has a fifty-two week low of $68.40 and a fifty-two week high of $307.75. The firm has a market capitalization of $9.95 billion, a P/E ratio of 25.92, a PEG ratio of 1.44 and a beta of 1.75.

Etsy (NASDAQ:ETSY – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The specialty retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $579.30 million during the quarter, compared to analyst estimates of $574.71 million. Etsy had a net margin of 18.49% and a return on equity of 73.57%. Etsy’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. As a group, analysts expect that Etsy, Inc. will post 2.18 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Etsy during the fourth quarter valued at about $223,388,000. Clearbridge Investments LLC increased its position in shares of Etsy by 69.7% in the first quarter. Clearbridge Investments LLC now owns 2,314,633 shares of the specialty retailer’s stock worth $287,663,000 after purchasing an additional 950,415 shares during the last quarter. Capital International Investors increased its position in shares of Etsy by 56.1% in the first quarter. Capital International Investors now owns 2,137,886 shares of the specialty retailer’s stock worth $265,696,000 after purchasing an additional 768,350 shares during the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Etsy by 297.7% in the first quarter. NN Investment Partners Holdings N.V. now owns 819,082 shares of the specialty retailer’s stock worth $101,796,000 after purchasing an additional 613,122 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Etsy by 101.2% in the first quarter. SG Americas Securities LLC now owns 7,110 shares of the specialty retailer’s stock worth $884,000 after purchasing an additional 606,822 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors.

ETSY has been the subject of several recent research reports. Morgan Stanley reduced their target price on shares of Etsy from $154.00 to $113.00 in a report on Thursday, May 5th. UBS Group upgraded shares of Etsy from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $215.00 to $180.00 in a report on Wednesday, February 2nd. Sanford C. Bernstein began coverage on shares of Etsy in a research note on Monday. They issued an “outperform” rating and a $105.00 price target for the company. Stifel Nicolaus cut their price target on shares of Etsy from $160.00 to $130.00 in a research note on Thursday, May 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Etsy from $120.00 to $100.00 in a research note on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $174.58.

Etsy Company Profile (Get Rating)

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.

See Also

Insider Buying and Selling by Quarter for Etsy (NASDAQ:ETSY)



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