Etsy, Inc. (NASDAQ:ETSY) CEO Josh Silverman Sells 20,850 Shares

Etsy, Inc. (NASDAQ:ETSY – Get Rating) CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $116.54, for a total value of $2,429,859.00. Following the transaction, the chief executive officer now owns 102,707 shares of the company’s stock, valued at approximately $11,969,473.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 3rd, Josh Silverman sold 38,300 shares of Etsy stock. The shares were sold at an average price of $158.19, for a total value of $6,058,677.00.
• On Tuesday, March 1st, Josh Silverman sold 41,700 shares of Etsy stock. The shares were sold at an average price of $158.10, for a total value of $6,592,770.00.

Shares of Etsy stock opened at $115.79 on Friday. Etsy, Inc. has a 1-year low of $109.38 and a 1-year high of $307.75. The stock has a market cap of $14.71 billion, a P/E ratio of 33.96, a P/E/G ratio of 1.40 and a beta of 1.64. The stock’s 50 day simple moving average is $135.35 and its 200-day simple moving average is $189.91. The company has a debt-to-equity ratio of 3.80, a current ratio of 2.18 and a quick ratio of 2.18.

Etsy (NASDAQ:ETSY – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The specialty retailer reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.35. Etsy had a return on equity of 83.06% and a net margin of 21.19%. The firm had revenue of $717.14 million for the quarter, compared to analysts’ expectations of $685.45 million. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, research analysts expect that Etsy, Inc. will post 3.29 EPS for the current fiscal year.

Several equities analysts recently weighed in on ETSY shares. BTIG Research cut their price target on Etsy from $230.00 to $195.00 in a research note on Friday, February 25th. Guggenheim lowered their price objective on Etsy from $330.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, January 7th. UBS Group upgraded Etsy from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $215.00 to $180.00 in a report on Wednesday, February 2nd. Jefferies Financial Group lowered their price objective on Etsy from $275.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, January 20th. They noted that the move was a valuation call. Finally, Truist Financial lowered their price objective on Etsy from $274.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $212.37.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETSY. Principal Financial Group Inc. lifted its holdings in Etsy by 1,113.3% in the third quarter. Principal Financial Group Inc. now owns 2,002,122 shares of the specialty retailer’s stock valued at $416,361,000 after acquiring an additional 1,837,111 shares during the last quarter. Flossbach Von Storch AG lifted its holdings in Etsy by 226.7% in the third quarter. Flossbach Von Storch AG now owns 2,189,391 shares of the specialty retailer’s stock valued at $455,306,000 after acquiring an additional 1,519,258 shares during the last quarter. Norges Bank acquired a new position in Etsy in the fourth quarter valued at approximately $223,388,000. Capital International Investors lifted its holdings in Etsy by 72.8% in the fourth quarter. Capital International Investors now owns 1,369,536 shares of the specialty retailer’s stock valued at $299,846,000 after acquiring an additional 577,075 shares during the last quarter. Finally, Morgan Stanley raised its position in Etsy by 153.1% in the second quarter. Morgan Stanley now owns 926,785 shares of the specialty retailer’s stock valued at $190,770,000 after purchasing an additional 560,583 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

About Etsy (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.

Further Reading