Frederick Wilson Sells 20,000 Shares of Etsy (NYSE:ETSY) Stock

Etsy Inc (NYSE:ETSY) Director Frederick Wilson sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.39, for a total value of $1,487,800.00. Following the sale, the director directly owned 441,329 shares of the company’s stock, valued at approximately $32,830,464.31. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 ETSY opened at $77.59 on Wednesday. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $80.41. The stock has a market capitalization of $7.36 billion, a P/E ratio of 32.33, a P/E/G ratio of 3.12 and a beta of 1.83. The company’s fifty day moving average is $68.03 and its two-hundred day moving average is $59.75.

Analyst Ratings Changes

Several analysts recently commented on the stock. BTIG Research raised their price objective on shares of Etsy from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Etsy from a “buy” rating to a “hold” rating in a report on Sunday, May 31st. Raymond James Financial lowered Etsy from an “outperform” rating to an “outperform” rating in a research note on Thursday, May 21st. Jefferies Financial Group cut Etsy from a “hold” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Evercore set a $72.00 price objective on Etsy in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Etsy presently has a consensus rating of “Hold” and an average target price of $71.80.

Hedge Funds Weigh In On Etsy

Hedge funds have recently bought and sold shares of the stock. EFG International AG purchased a new stake in shares of Etsy in the fourth quarter valued at $33,000. Blue Trust Inc. increased its position in Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares in the last quarter. Danske Bank A S purchased a new stake in Etsy during the 3rd quarter worth about $66,000. Federation des caisses Desjardins du Quebec raised its stake in Etsy by 22.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock valued at $67,000 after purchasing an additional 225 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Etsy in the 4th quarter valued at about $79,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

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.