Etsy (NYSE:ETSY) Insider Richard Edward Colburn III Sells 8,252 Shares of Stock

Etsy Inc (NYSE:ETSY) insider Richard Edward Colburn III sold 8,252 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $82.09, for a total value of $677,406.68. Following the completion of the sale, the insider owned 6,503 shares in the company, valued at $533,831.27. This represents a 55.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Stock Up 0.1%

NYSE ETSY traded up $0.08 during trading on Wednesday, hitting $79.56. 2,754,262 shares of the stock traded hands, compared to its average volume of 3,293,934. The company has a market capitalization of $7.55 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 5.94 and a beta of 1.84. The firm has a 50-day simple moving average of $77.88 and a 200-day simple moving average of $64.00. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $87.97.

Hedge Funds Weigh In On Etsy

Several large investors have recently modified their holdings of ETSY. EFG International AG purchased a new position in Etsy during the fourth quarter worth $33,000. Global Retirement Partners LLC purchased a new stake in shares of Etsy in the second quarter valued at $34,000. Blue Trust Inc. raised its stake in shares of Etsy by 19.3% in the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after acquiring an additional 200 shares during the period. Danske Bank A S bought a new stake in shares of Etsy in the 3rd quarter worth about $66,000. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of Etsy by 22.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ETSY shares. Wall Street Zen lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. President Capital raised shares of Etsy from a “neutral” rating to a “buy” rating and upped their price target for the company from $57.00 to $91.00 in a research note on Thursday, June 25th. Susquehanna lowered shares of Etsy to a “neutral” rating in a research report on Thursday, May 21st. The Goldman Sachs Group raised shares of Etsy from a “sell” rating to a “neutral” rating in a research note on Thursday, May 21st. Finally, Bank of America boosted their target price on shares of Etsy from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $81.50.

Etsy Company Profile

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.