Marla Blow Sells 300 Shares of Etsy (NYSE:ETSY) Stock

Etsy Inc (NYSE:ETSY) Director Marla Blow sold 300 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $58.25, for a total value of $17,475.00. Following the completion of the sale, the director owned 8,591 shares of the company’s stock, valued at $500,425.75. The trade was a 3.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Stock Up 5.6%

Shares of NYSE ETSY opened at $60.82 on Thursday. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 5.13 and a beta of 1.89. The company has a 50 day moving average price of $56.86. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $76.51.

Etsy (NYSE:ETSY) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. The firm had revenue of $881.64 million during the quarter. Etsy had a negative return on equity of 28.60% and a net margin of 9.94%. Equities research analysts anticipate that Etsy Inc will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ETSY. Raymond James Financial reiterated an “outperform” rating and issued a $75.00 price target on shares of Etsy in a report on Thursday, April 23rd. Evercore set a $72.00 price target on Etsy in a report on Wednesday, April 29th. Barclays boosted their price target on Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research lowered Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Wall Street Zen lowered Etsy from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.91.

Institutional Trading of Etsy

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its holdings in Etsy by 11.1% during the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock worth $297,991,000 after buying an additional 594,768 shares during the period. AQR Capital Management LLC lifted its holdings in Etsy by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock worth $227,785,000 after buying an additional 1,177,301 shares during the period. Lone Pine Capital LLC purchased a new stake in Etsy during the third quarter worth $257,614,000. Van ECK Associates Corp lifted its holdings in Etsy by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock worth $207,022,000 after buying an additional 39,067 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Etsy by 51.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock worth $163,841,000 after buying an additional 1,112,520 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

About Etsy

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.