Etsy, Inc. (ETSY) Director Sells $1,428,113.12 in Stock

Etsy, Inc. (NASDAQ:ETSY) Director Frederick R. Wilson sold 87,938 shares of Etsy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $16.24, for a total value of $1,428,113.12. Following the completion of the transaction, the director now owns 822,062 shares in the company, valued at $13,350,286.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Etsy, Inc. (ETSY) traded up $0.21 on Monday, reaching $16.72. The company’s stock had a trading volume of 1,042,900 shares, compared to its average volume of 1,919,558. Etsy, Inc. has a 12 month low of $9.41 and a 12 month high of $17.90. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2,035.06, a PE ratio of 66.88, a P/E/G ratio of 2.57 and a beta of 1.19.

COPYRIGHT VIOLATION NOTICE: “Etsy, Inc. (ETSY) Director Sells $1,428,113.12 in Stock” was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.themarketsdaily.com/2017/11/13/etsy-inc-etsy-director-sells-1428113-12-in-stock.html.

A number of brokerages have recently issued reports on ETSY. BidaskClub upgraded Etsy from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Royal Bank Of Canada lifted their price target on Etsy from $16.00 to $18.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. Ifs Securities reiterated an “outperform” rating and issued a $22.00 price target (up from $18.00) on shares of Etsy in a report on Tuesday, November 7th. Roth Capital set a $14.00 price target on Etsy and gave the company a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded Etsy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Etsy has a consensus rating of “Hold” and a consensus price target of $15.69.

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its position in Etsy by 30.3% during the 2nd quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after acquiring an additional 2,049 shares during the period. UBS Group AG lifted its holdings in shares of Etsy by 30.7% in the 1st quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 2,373 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Etsy by 12.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 1,092 shares during the period. Trexquant Investment LP acquired a new position in shares of Etsy in the 3rd quarter valued at about $192,000. Finally, Rehmann Capital Advisory Group acquired a new position in shares of Etsy in the 3rd quarter valued at about $211,000. 75.25% of the stock is owned by institutional investors.

Etsy Company Profile

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

Receive News & Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply