Etsy (NYSE:ETSY) Insider Sells $3,093,719.00 in Stock

by · The Markets Daily

Etsy Inc (NYSE:ETSY – Get Free Report) insider Josh Silverman sold 39,161 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $79.00, for a total value of $3,093,719.00. Following the sale, the insider directly owned 139,884 shares in the company, valued at approximately $11,050,836. The trade was a 21.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, July 1st, Josh Silverman sold 92,404 shares of Etsy stock. The shares were sold at an average price of $74.93, for a total value of $6,923,831.72.
  • On Wednesday, June 24th, Josh Silverman sold 97,389 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total value of $7,693,731.00.
  • On Monday, June 15th, Josh Silverman sold 50,000 shares of Etsy stock. The shares were sold at an average price of $72.50, for a total value of $3,625,000.00.
  • On Tuesday, June 16th, Josh Silverman sold 52,479 shares of Etsy stock. The shares were sold at an average price of $74.00, for a total value of $3,883,446.00.
  • On Monday, June 1st, Josh Silverman sold 134,730 shares of Etsy stock. The stock was sold at an average price of $68.89, for a total value of $9,281,549.70.
  • On Friday, May 1st, Josh Silverman sold 88,350 shares of Etsy stock. The stock was sold at an average price of $64.18, for a total transaction of $5,670,303.00.
  • On Wednesday, April 29th, Josh Silverman sold 36,443 shares of Etsy stock. The shares were sold at an average price of $69.00, for a total transaction of $2,514,567.00.
  • On Tuesday, April 21st, Josh Silverman sold 70,000 shares of Etsy stock. The shares were sold at an average price of $65.00, for a total transaction of $4,550,000.00.
  • On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The stock was sold at an average price of $64.00, for a total transaction of $1,943,616.00.
  • On Thursday, April 16th, Josh Silverman sold 24,296 shares of Etsy stock. The stock was sold at an average price of $59.00, for a total transaction of $1,433,464.00.

Etsy Price Performance

NYSE ETSY opened at $83.40 on Friday. Etsy Inc has a 12 month low of $44.00 and a 12 month high of $87.14. The company has a market capitalization of $7.91 billion, a P/E ratio of 34.75, a PEG ratio of 3.57 and a beta of 1.83. The company’s 50 day simple moving average is $70.34 and its 200 day simple moving average is $61.03.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ETSY shares. B. Riley Financial cut Etsy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $70.00 to $75.00 in a report on Thursday, April 30th. Zacks Research downgraded Etsy from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald increased their price target on Etsy from $51.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Wells Fargo & Company lifted their price target on Etsy from $47.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $64.00 price objective on Etsy in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.64.

Read Our Latest Stock Analysis on ETSY

Institutional Trading of Etsy

A number of hedge funds have recently modified their holdings of ETSY. Renaissance Technologies LLC raised its position in Etsy by 11.1% during the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock valued at $297,991,000 after buying an additional 594,768 shares during the period. AQR Capital Management LLC boosted its position in Etsy by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock worth $227,785,000 after acquiring an additional 1,177,301 shares during the period. Lone Pine Capital LLC acquired a new stake in Etsy during the 3rd quarter worth about $257,614,000. Van ECK Associates Corp grew its stake in Etsy by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock valued at $207,022,000 after acquiring an additional 39,067 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Etsy by 51.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock valued at $163,841,000 after purchasing an additional 1,112,520 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy Company Profile

(Get Free Report)

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.

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