Etsy (NYSE:ETSY) Director Marla Blow Sells 300 Shares of Stock

Etsy Inc (NYSE:ETSY) Director Marla Blow sold 300 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $58.25, for a total transaction of $17,475.00. Following the completion of the sale, the director directly owned 8,591 shares of the company’s stock, valued at $500,425.75. This trade represents a 3.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Stock Performance

Shares of NYSE:ETSY opened at $57.52 on Wednesday. The stock has a market cap of $5.46 billion, a PE ratio of 23.96, a PEG ratio of 5.24 and a beta of 1.89. The stock has a fifty day simple moving average of $56.76. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $76.51.

Etsy (NYSE:ETSY) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (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 business had revenue of $881.64 million during the quarter. On average, equities research analysts predict that Etsy Inc will post 3.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Etsy

A number of large investors have recently made changes to their positions in ETSY. Public Sector Pension Investment Board increased its position in Etsy by 21.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 430,824 shares of the company’s stock valued at $28,602,000 after purchasing an additional 75,295 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Etsy by 1,648.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the company’s stock worth $46,916,000 after purchasing an additional 666,253 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Etsy by 33.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock worth $10,369,000 after purchasing an additional 47,105 shares during the period. Lone Pine Capital LLC bought a new stake in shares of Etsy during the 3rd quarter valued at about $257,614,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of Etsy during the 3rd quarter valued at about $1,889,000. 99.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ETSY shares. Wells Fargo & Company raised their price target on Etsy from $47.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Wall Street Zen lowered Etsy from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Arete Research set a $76.00 target price on shares of Etsy in a report on Wednesday. B. Riley Financial lowered shares of Etsy from a “buy” rating to a “neutral” rating and upped their price target for the company from $70.00 to $75.00 in a report on Thursday, April 30th. Finally, Evercore set a $72.00 price target on shares of Etsy in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.04.

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.