Etsy (NASDAQ:ETSY) CAO Merilee Buckley Sells 5,636 Shares

Etsy, Inc. (NASDAQ:ETSY) CAO Merilee Buckley sold 5,636 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $58.45, for a total transaction of $329,424.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Merilee Buckley also recently made the following trade(s):

• On Monday, November 3rd, Merilee Buckley sold 11,827 shares of Etsy stock. The shares were sold at an average price of $61.47, for a total transaction of $727,005.69.

Etsy Stock Performance

Shares of ETSY opened at $58.54 on Tuesday. The business’s 50-day moving average is $56.45 and its two-hundred day moving average is $59.73. The company has a market capitalization of $5.78 billion, a P/E ratio of 47.21, a P/E/G ratio of 10.65 and a beta of 1.74. Etsy, Inc. has a fifty-two week low of $40.05 and a fifty-two week high of $76.51.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $678.03 million during the quarter, compared to analysts’ expectations of $655.83 million. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. Analysts forecast that Etsy, Inc. will post 2.57 EPS for the current year.

Etsy announced that its board has approved a stock buyback program on Thursday, December 18th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 14.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Holocene Advisors LP raised its stake in Etsy by 697.4% in the 2nd quarter. Holocene Advisors LP now owns 5,343,797 shares of the specialty retailer’s stock valued at $268,045,000 after purchasing an additional 4,673,615 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Etsy during the third quarter worth $257,614,000. Van ECK Associates Corp raised its position in shares of Etsy by 1.3% in the third quarter. Van ECK Associates Corp now owns 3,695,089 shares of the specialty retailer’s stock valued at $245,317,000 after buying an additional 48,236 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Etsy by 62.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,692,134 shares of the specialty retailer’s stock worth $185,197,000 after buying an additional 1,416,772 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Etsy by 112.8% during the first quarter. Acadian Asset Management LLC now owns 2,803,956 shares of the specialty retailer’s stock worth $132,273,000 after acquiring an additional 1,486,142 shares during the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ETSY shares. Zacks Research upgraded shares of Etsy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Bank of America upped their price objective on shares of Etsy from $71.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. BNP Paribas started coverage on shares of Etsy in a research note on Monday, November 24th. They set a “neutral” rating on the stock. BNP Paribas Exane initiated coverage on Etsy in a research note on Monday, November 24th. They issued a “neutral” rating for the company. Finally, Weiss Ratings raised Etsy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.24.

Etsy Company Profile

Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy’s revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.