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

Key Points

• Etsy director Frederick Wilson sold 20,000 shares at an average price of $81.86, generating approximately $1.64 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and Wilson retained 401,329 shares.
• Etsy shares were up 0.2% at $81.88, near the company’s 52-week high of $87.97. The stock has a market capitalization of $7.77 billion, while its latest quarterly EPS missed estimates despite revenue exceeding expectations.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $84.68; institutional investors own 99.53% of Etsy’s outstanding shares.

Etsy Inc (NYSE:ETSY - Get Free Report) Director Frederick Wilson sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $81.86, for a total value of $1,637,200.00. Following the transaction, the director owned 401,329 shares of the company's stock, valued at $32,852,791.94. This represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Stock Up 0.2%

ETSY stock traded up $0.16 during mid-day trading on Thursday, reaching $81.88. The company had a trading volume of 2,628,958 shares, compared to its average volume of 3,233,756. The stock has a market capitalization of $7.77 billion, a P/E ratio of 45.74, a P/E/G ratio of 2.04 and a beta of 1.81. Etsy Inc has a one year low of $44.00 and a one year high of $87.97. The stock's 50-day simple moving average is $81.23 and its two-hundred day simple moving average is $66.99.

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

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Zacks Research upgraded Etsy from “hold” to “strong-buy,” providing a positive technical and sentiment catalyst for the stock. Etsy investor conference announcement
• Positive Sentiment: Etsy will participate in the Goldman Sachs Communacopia and Technology Conference on September 9. Investors may look for updates on marketplace trends, growth initiatives and outlook during the webcast fireside chat, although no new financial guidance was provided. Etsy to Participate in Upcoming Investor Conference
• Neutral Sentiment: Several executives and directors reported stock sales totaling roughly 36,280 shares. Josh Silverman sold 13,367 shares, director Frederick Wilson sold 20,000 shares, and Richard Edward Colburn III sold 2,913 shares. Silverman’s and Wilson’s transactions were executed under pre-arranged Rule 10b5-1 plans, while Colburn’s sale covered tax withholding tied to vested equity awards, reducing the likelihood that the trades signal deteriorating confidence. Etsy insider transaction filing
• Negative Sentiment: The insider transactions represent near-term selling pressure and may attract investor attention because they occurred around the $82–$84 range. However, the sellers retained substantial holdings, including Silverman’s approximately 249,559 shares and Wilson’s approximately 401,329 shares. Etsy director transaction filing

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ETSY. California State Teachers Retirement System raised its position in Etsy by 7,217.3% in the second quarter. California State Teachers Retirement System now owns 7,561,851 shares of the company's stock worth $569,634,000 after acquiring an additional 7,458,509 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Etsy by 11.1% during the 1st quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company's stock valued at $297,991,000 after purchasing an additional 594,768 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Etsy by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company's stock valued at $227,785,000 after purchasing an additional 1,177,301 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Etsy by 1.1% in the 4th quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company's stock worth $207,022,000 after purchasing an additional 39,067 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake 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 worth $163,841,000 after purchasing an additional 1,112,520 shares during the last quarter. Institutional investors own 99.53% of the company's stock.

Wall Street Analyst Weigh In

ETSY has been the topic of several analyst reports. Wall Street Zen cut Etsy from a "buy" rating to a "hold" rating in a research report on Sunday, May 31st. Raymond James Financial increased their price target on Etsy from $75.00 to $92.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada lowered Etsy to a "sector perform" rating in a report on Thursday, August 20th. Seaport Research Partners upgraded shares of Etsy to a "buy" rating in a research note on Thursday, August 20th. Finally, Roth Capital started coverage on shares of Etsy in a report on Thursday, May 21st. They issued a "buy" rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Etsy presently has a consensus rating of "Moderate Buy" and an average price target of $84.68.

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.

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