Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Etsy, Inc.    ETSY


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Etsy gets into S&P 500, Tesla does not

09/04/2020 | 11:37pm EST
FILE PHOTO: Logo of Tesla is seen at a branch office in Bern

Shares of Tesla tumbled 7% in extended trade on Friday after the electric car maker was excluded from a group of companies being added to the S&P 500, among them Etsy, whose stock market value is less than a 20th of Tesla's.

The decision by S&P Dow Jones Indices is a blow to Tesla investors who widely expected the company to join the benchmark stock index after a blockbuster quarterly report in July cleared a major hurdle for its potential inclusion.

S&P Dow Jones Indices said in a statement it was adding online craft seller Etsy, semiconductor equipment maker Teradyne and pharmaceutical technology company Catalent to the S&P 500, effective Sept. 21, and removing H&R Block, Coty and Kohls.

Shares of Etsy jumped 6% in extended trade, Teradyne rose 2%, and Catalent added 2%.

S&P Dow Jones Indices senior index analyst Howard Silverblatt declined to say why Tesla was not added to the S&P 500, which is tracked by index funds with at least $4.4 trillion in assets.

"The market is continuously changing, and we need to reflect that in our indices," Silverblatt said.

With a market capitalization over $370 billion, Tesla is one of the most valuable companies on Wall Street. Even after a 16% drop in its share price from record highs this week, Tesla remains more valuable than 95% of the S&P 500's existing components, including Johnson & Johnson and Procter & Gamble.

Etsy, Teradyne and Catalent have a combined stock market value of about $40 billion.

Tesla, which is up nearly 400% so far in 2020, is among the most loved - and hated - stocks on Wall Street. It is the U.S. stock market's highest-profile bet on the rise of renewable energy and the decline of fossil fuels, and Tesla's Model 3 sedan has made major inroads among consumers.

Its recent stock gains have been driven by Tesla's unexpectedly strong quarterly results released in July, as well as by bets that it would be added to the S&P 500, which would trigger massive demand for its shares from index funds that track the benchmark.

Tesla bears point to looming competition from Porsche, General Motors and other longer-established rivals. They are also skeptical of Tesla's corporate governance under Chief Executive Elon Musk, who in 2018 agreed to pay $20 million and step down as chairman to settle fraud charges.

Short sellers are betting $24 billion that Tesla's shares will fall, among the largest short levels on record for a U.S. company, in dollars, according to S3 Partners.

By Noel Randewich

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.13% 29910.37 Delayed Quote.4.81%
ETSY, INC. 10.66% 160.55 Delayed Quote.262.42%
NASDAQ 100 0.87% 12258.211779 Delayed Quote.40.37%
NASDAQ COMP. 0.92% 12205.846315 Delayed Quote.34.79%
PORSCHE AUTOMOBIL HOLDING SE -1.75% 55 Delayed Quote.-17.47%
S&P 500 0.24% 3638.35 Delayed Quote.12.62%
TERADYNE, INC. 0.98% 109.4 Delayed Quote.60.43%
TESLA, INC. 2.05% 585.76 Delayed Quote.600.12%
All news about ETSY, INC.
11/27Wall Street gains, Nasdaq hits record high
11/25Netflix's 'Queen's Gambit' Sparks a Chess Boom -- Here's How to Get In on It
11/25Netflix's 'Queen's Gambit' Sparks a Chess Boom -- Here's How to Get In on It
11/17TESLA, T-MOBILE, WALMART, WALGREENS : What to Watch When the Stock Market Opens ..
11/17TESLA, T-MOBILE, WALMART, WALGREENS : What to Watch When the Stock Market Opens ..
11/10ETSY : to Participate in Upcoming Investor Conferences
11/10Coronavirus vaccine hope dampens prospects for corporate stay-at-home darling..
11/09Pandemic takes center stage in holiday shopping ad campaigns
11/07ANALYSIS : High-flying U.S. tech stocks get post-election lift, near new highs
11/03SAMSUNG ELECTRONICS : New Partnership with Etsy Brings Colorful and Inspiring Ar..
More news
Financials (USD)
Sales 2020 1 613 M - -
Net income 2020 280 M - -
Net cash 2020 531 M - -
P/E ratio 2020 75,7x
Yield 2020 -
Capitalization 20 244 M 20 244 M -
EV / Sales 2020 12,2x
EV / Sales 2021 10,7x
Nbr of Employees 1 374
Free-Float 93,8%
Chart ETSY, INC.
Duration : Period :
Etsy, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ETSY, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 17
Average target price 160,41 $
Last Close Price 160,55 $
Spread / Highest target 10,9%
Spread / Average Target -0,09%
Spread / Lowest Target -53,9%
EPS Revisions
Joshua G. Silverman President, Chief Executive Officer & Director
Frederick R. Wilson Non-Executive Chairman
Rachel C. Glaser Chief Financial Officer
Michael T. Fisher Chief Technology Officer
Jonathan David Klein Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ETSY, INC.262.42%20 244
AMAZON.COM, INC.72.92%1 603 266
JD.COM, INC.153.79%138 575
ASOS PLC32.58%5 936