Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CEO Sells 20,850 Shares of Stock - MarketBeat

Category: Etsy News
Original source: MarketBeat
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Sentiment Score: -0.98117
Published: May 2nd, 2022
Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CEO Sells 20,850 Shares of Stock - MarketBeat

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Josh Silverman also recently made the following trade(s): On Wednesday, April 13th, Josh Silverman sold 20,850 shares of Etsy stock.
On Thursday, March 3rd, Josh Silverman sold 38,300 shares of Etsy stock.
On Tuesday, March 1st, Josh Silverman sold 41,700 shares of Etsy stock.
Shares of ETSY stock traded down $8.
Norges Bank bought a new stake in shares of Etsy in the 4th quarter worth about $223,388,000.

Insider Selling: Etsy, Inc. (NASDAQ:ETSY) CEO Sells 20,850 Shares of Stock - MarketBeat

Etsy, Inc. (NASDAQ:ETSY - Get Rating) CEO Josh Silverman sold 20,850 shares of the firm's stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $98.18, for a total transaction of $2,047,053.00. Following the sale, the chief executive officer now owns 102,707 shares in the company, valued at approximately $10,083,773.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Josh Silverman also recently made the following trade(s): On Wednesday, April 13th, Josh Silverman sold 20,850 shares of Etsy stock. The stock was sold at an average price of $116.54, for a total transaction of $2,429,859.00. On Thursday, March 3rd, Josh Silverman sold 38,300 shares of Etsy stock. The stock was sold at an average price of $158.19, for a total transaction of $6,058,677.00. On Tuesday, March 1st, Josh Silverman sold 41,700 shares of Etsy stock. The stock was sold at an average price of $158.10, for a total transaction of $6,592,770.00. Shares of ETSY stock traded down $8.69 during mid-day trading on Friday, reaching $93.19. The company's stock had a trading volume of 7,088,060 shares, compared to its average volume of 3,919,292. The company's 50 day simple moving average is $128.78 and its 200-day simple moving average is $183.48. Etsy, Inc. has a 12-month low of $92.86 and a 12-month high of $307.75. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 3.80. The firm has a market capitalization of $11.83 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64. (Ad) Equity crowdfunding bridges the gap between cash-strapped startups and retail investors. This market leader's vision is to disrupt private equity and bring opportunities to everyday investors by allowing them to pool resources and take part in the initial stages of privately held companies. Reg. A+ via StartEngine Primary, LLC. Offering Circular/Risks on Page. Investment is speculative, illiquid, & high risk. Etsy (NASDAQ:ETSY - Get Rating) last released its quarterly earnings results on Thursday, February 24th. The specialty retailer reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.35. Etsy had a net margin of 21.19% and a return on equity of 83.06%. The firm had revenue of $717.14 million for the quarter, compared to the consensus estimate of $685.45 million. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm's quarterly revenue was up 16.2% on a year-over-year basis. As a group, research analysts anticipate that Etsy, Inc. will post 3.29 EPS for the current fiscal year. A number of institutional investors have recently added to or reduced their stakes in ETSY. Principal Financial Group Inc. increased its stake in Etsy by 1,113.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,002,122 shares of the specialty retailer's stock worth $416,361,000 after buying an additional 1,837,111 shares during the period. Norges Bank bought a new stake in shares of Etsy in the 4th quarter worth about $223,388,000. SG Americas Securities LLC increased its position in shares of Etsy by 101.2% in the 1st quarter. SG Americas Securities LLC now owns 7,110 shares of the specialty retailer's stock worth $884,000 after purchasing an additional 606,822 shares during the last quarter. Capital International Investors increased its position in shares of Etsy by 72.8% in the 4th quarter. Capital International Investors now owns 1,369,536 shares of the specialty retailer's stock worth $299,846,000 after purchasing an additional 577,075 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. increased its position in shares of Etsy by 96.3% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 1,058,791 shares of the specialty retailer's stock worth $219,117,000 after purchasing an additional 519,307 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors. A number of brokerages recently issued reports on ETSY. Loop Capital decreased their target price on shares of Etsy from $140.00 to $115.00 in a research report on Thursday, April 21st. TheStreet lowered shares of Etsy from a "b-" rating to a "c+" rating in a research report on Friday, February 4th. Morgan Stanley decreased their price target on shares of Etsy from $179.00 to $154.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 19th. UBS Group upgraded shares of Etsy from a "sell" rating to a "neutral" rating and decreased their price target for the company from $215.00 to $180.00 in a report on Wednesday, February 2nd. Finally, StockNews.com lowered shares of Etsy from a "hold" rating to a "sell" rating in a report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $208.95. Etsy Company Profile (Get Rating) 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. Featured Stories This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected] Before you consider Etsy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Etsy wasn't on the list. While Etsy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. View The 5 Stocks Here
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