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.
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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.
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