Insider Selling: Etsy Inc (ETSY) Director Sells 22,062 Shares of Stock
Etsy Inc (NASDAQ:ETSY) Director Frederick R. Wilson sold 22,062 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $45.48, for a total value of $1,003,379.76. Following the completion of the sale, the director now owns 23,487 shares of the company’s stock, valued at approximately $1,068,188.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
ETSY opened at $46.53 on Friday. The company has a market capitalization of $5.52 billion, a PE ratio of 122.45, a PEG ratio of 7.31 and a beta of 0.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 5.87 and a quick ratio of 5.87. Etsy Inc has a 52 week low of $15.27 and a 52 week high of $50.60.
Etsy (NASDAQ:ETSY) last released its earnings results on Monday, August 6th. The specialty retailer reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $132.39 million during the quarter, compared to analysts’ expectations of $127.10 million. Etsy had a net margin of 17.52% and a return on equity of 13.23%. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. research analysts expect that Etsy Inc will post 0.42 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its stake in shares of Etsy by 334,836.8% in the 2nd quarter. Glenmede Trust Co. NA now owns 572,742 shares of the specialty retailer’s stock valued at $24,163,000 after purchasing an additional 572,571 shares during the period. Castleark Management LLC lifted its stake in shares of Etsy by 13.5% in the 2nd quarter. Castleark Management LLC now owns 379,605 shares of the specialty retailer’s stock valued at $16,016,000 after purchasing an additional 45,140 shares during the period. Moneta Group Investment Advisors LLC purchased a new position in shares of Etsy in the 2nd quarter valued at approximately $146,000. Millennium Management LLC lifted its stake in shares of Etsy by 10.3% in the 2nd quarter. Millennium Management LLC now owns 1,519,119 shares of the specialty retailer’s stock valued at $64,092,000 after purchasing an additional 141,470 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Etsy by 154.5% in the 2nd quarter. Bank of America Corp DE now owns 190,156 shares of the specialty retailer’s stock valued at $8,022,000 after purchasing an additional 115,428 shares during the period. Institutional investors own 87.16% of the company’s stock.
Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.
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