Richard Edward Colburn III Sells 4,776 Shares of Etsy (NYSE:ETSY) Stock

Etsy Inc (NYSE:ETSYGet Free Report) insider Richard Edward Colburn III sold 4,776 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $65.09, for a total transaction of $310,869.84. Following the completion of the sale, the insider directly owned 6,503 shares in the company, valued at $423,280.27. This represents a 42.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Etsy Stock Down 1.7%

Shares of NYSE:ETSY traded down $1.12 during midday trading on Tuesday, reaching $62.92. The company’s stock had a trading volume of 2,780,985 shares, compared to its average volume of 3,530,568. The business has a 50 day moving average of $55.48. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 2.59 and a beta of 1.90. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $76.51.

Etsy (NYSE:ETSYGet Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. The company had revenue of $881.64 million for the quarter. As a group, analysts predict that Etsy Inc will post 3.71 EPS for the current fiscal year.

More Etsy News

Here are the key news stories impacting Etsy this week:

Wall Street Analyst Weigh In

Several analysts recently commented on ETSY shares. Barclays increased their price objective on shares of Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Canaccord Genuity Group increased their price objective on shares of Etsy from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore set a $72.00 price objective on shares of Etsy in a research report on Wednesday, April 29th. Needham & Company LLC increased their price objective on shares of Etsy from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein increased their price objective on shares of Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $70.09.

Check Out Our Latest Research Report on Etsy

Hedge Funds Weigh In On Etsy

Several hedge funds and other institutional investors have recently bought and sold shares of ETSY. Lone Pine Capital LLC bought a new position in Etsy during the 3rd quarter valued at about $257,614,000. SG Americas Securities LLC lifted its stake in Etsy by 717.7% during the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after acquiring an additional 1,314,071 shares during the period. AQR Capital Management LLC lifted its stake in Etsy by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock valued at $227,785,000 after acquiring an additional 1,177,301 shares during the period. Allianz Asset Management GmbH lifted its stake in Etsy by 1,648.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the company’s stock valued at $46,916,000 after acquiring an additional 666,253 shares during the period. Finally, Norges Bank bought a new position in Etsy during the 4th quarter valued at about $33,903,000. Institutional investors own 99.53% of the company’s stock.

Etsy Company Profile

(Get Free Report)

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.

Further Reading

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

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