Etsy (NYSE:ETSY) CAO Merilee Buckley Sells 405 Shares of Stock

Etsy Inc (NYSE:ETSY) CAO Merilee Buckley sold 405 shares of Etsy stock in a transaction on Monday, August 17th. The stock was sold at an average price of $79.50, for a total value of $32,197.50. Following the sale, the chief accounting officer directly owned 167 shares of the company’s stock, valued at approximately $13,276.50. This trade represents a 70.80% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.

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

• On Monday, July 6th, Merilee Buckley sold 881 shares of Etsy stock. The stock was sold at an average price of $75.35, for a total value of $66,383.35.

Etsy Stock Performance

Shares of NYSE:ETSY opened at $80.70 on Thursday. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $87.97. The company has a market capitalization of $7.66 billion, a PE ratio of 45.08, a PEG ratio of 5.48 and a beta of 1.84. The company has a 50 day moving average price of $79.30 and a two-hundred day moving average price of $64.88.

Etsy (NYSE:ETSY) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.75 by ($1.24). The business had revenue of $668.31 million for the quarter, compared to the consensus estimate of $646.10 million. Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. On average, sell-side analysts forecast that Etsy Inc will post 3.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on ETSY shares. JPMorgan Chase & Co. upgraded Etsy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $85.00 to $100.00 in a report on Friday, August 7th. Wedbush started coverage on shares of Etsy in a research report on Thursday, July 16th. They issued a “neutral” rating and a $80.00 price objective on the stock. President Capital raised shares of Etsy from a “neutral” rating to a “buy” rating and increased their price target for the company from $57.00 to $91.00 in a report on Thursday, June 25th. Canaccord Genuity Group set a $92.00 price objective on Etsy in a report on Thursday, August 6th. Finally, Argus upgraded Etsy from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Etsy currently has a consensus rating of “Hold” and an average price target of $82.73.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. William Blair Investment Management LLC acquired a new position in Etsy during the second quarter valued at approximately $120,417,000. SG Americas Securities LLC grew its stake in shares of Etsy by 717.7% during the first quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock worth $74,829,000 after buying an additional 1,314,071 shares during the last quarter. AQR Capital Management LLC grew 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 last quarter. Arrowstreet Capital Limited Partnership raised its holdings in 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 buying an additional 1,112,520 shares during the last quarter. Finally, Findlay Park Partners LLP acquired a new stake in Etsy in the second quarter valued at $66,170,000. 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.