Etsy, Inc. (NASDAQ:ETSY) Insider Nicholas Daniel Sells 1,000 Shares

Etsy, Inc. (NASDAQ:ETSYGet Rating) insider Nicholas Daniel sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $135.18, for a total transaction of $135,180.00. Following the completion of the transaction, the insider now owns 3,309 shares of the company’s stock, valued at approximately $447,310.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nicholas Daniel also recently made the following trade(s):

  • On Thursday, December 8th, Nicholas Daniel sold 1,000 shares of Etsy stock. The stock was sold at an average price of $134.04, for a total transaction of $134,040.00.
  • On Tuesday, November 8th, Nicholas Daniel sold 2,540 shares of Etsy stock. The stock was sold at an average price of $103.20, for a total transaction of $262,128.00.

Etsy Stock Performance

Etsy stock opened at $131.82 on Friday. The firm has a 50 day simple moving average of $126.03 and a 200-day simple moving average of $110.65. Etsy, Inc. has a 1-year low of $67.01 and a 1-year high of $163.84. The company has a debt-to-equity ratio of 4.10, a current ratio of 2.72 and a quick ratio of 2.72. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of -24.41, a price-to-earnings-growth ratio of 5.80 and a beta of 1.80.

Etsy (NASDAQ:ETSYGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The specialty retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.21. Etsy had a negative net margin of 25.94% and a positive return on equity of 123.01%. The business had revenue of $594.47 million during the quarter, compared to analysts’ expectations of $560.19 million. On average, analysts expect that Etsy, Inc. will post -5.32 EPS for the current year.

Hedge Funds Weigh In On Etsy

Several large investors have recently made changes to their positions in ETSY. Van ECK Associates Corp lifted its holdings in shares of Etsy by 163.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,616,734 shares of the specialty retailer’s stock worth $118,361,000 after acquiring an additional 1,002,642 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Etsy by 69.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,314,633 shares of the specialty retailer’s stock worth $287,663,000 after acquiring an additional 950,415 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Etsy in the 2nd quarter worth approximately $68,052,000. SRS Investment Management LLC lifted its holdings in shares of Etsy by 156.5% in the 2nd quarter. SRS Investment Management LLC now owns 1,375,260 shares of the specialty retailer’s stock worth $100,683,000 after acquiring an additional 839,063 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of Etsy by 56.1% in the 1st quarter. Capital International Investors now owns 2,137,886 shares of the specialty retailer’s stock worth $265,696,000 after acquiring an additional 768,350 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup assumed coverage on shares of Etsy in a research report on Tuesday, December 13th. They issued a “buy” rating and a $161.00 price objective for the company. Bank of America boosted their target price on shares of Etsy from $110.00 to $145.00 in a research note on Tuesday, December 6th. Moffett Nathanson assumed coverage on shares of Etsy in a research note on Tuesday, November 15th. They set a “market perform” rating and a $116.00 target price for the company. TheStreet cut shares of Etsy from a “c” rating to a “d” rating in a research note on Wednesday, November 2nd. Finally, StockNews.com raised shares of Etsy from a “sell” rating to a “hold” rating in a research note on Thursday, January 5th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.39.

About Etsy

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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.

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Insider Buying and Selling by Quarter for Etsy (NASDAQ:ETSY)

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