11,457 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by Natixis Advisors LLC

Natixis Advisors LLC purchased a new stake in Etsy, Inc. (NASDAQ:ETSY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,457 shares of the specialty retailer’s stock, valued at approximately $606,000.

Several other institutional investors have also added to or reduced their stakes in ETSY. Lindbrook Capital LLC raised its position in shares of Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Etsy during the 4th quarter valued at approximately $38,000. Versant Capital Management Inc raised its holdings in shares of Etsy by 153.1% in the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after buying an additional 499 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Etsy by 95.1% during the fourth quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer’s stock worth $46,000 after buying an additional 426 shares during the period. Finally, Denver PWM LLC grew its holdings in shares of Etsy by 36.1% during the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock valued at $58,000 after buying an additional 289 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on Etsy in a research note on Wednesday, March 19th. They issued a “neutral” rating and a $50.00 target price for the company. JMP Securities restated a “market perform” rating on shares of Etsy in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft downgraded Etsy to a “hold” rating and decreased their target price for the stock from $45.00 to $43.00 in a report on Wednesday, February 12th. Loop Capital cut their price target on shares of Etsy from $45.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus decreased their price objective on shares of Etsy from $56.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.42.

Etsy Price Performance

NASDAQ ETSY opened at $46.92 on Friday. The stock’s 50 day simple moving average is $51.05 and its 200-day simple moving average is $52.67. The company has a market cap of $5.02 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23. Etsy, Inc. has a 1-year low of $43.43 and a 1-year high of $71.72.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The company had revenue of $852.16 million for the quarter, compared to analyst estimates of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. On average, equities research analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Insider Activity at Etsy

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $55.34, for a total value of $83,010.00. Following the completion of the sale, the insider now directly owns 22,198 shares in the company, valued at $1,228,437.32. This represents a 6.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Josh Silverman sold 21,666 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $52.05, for a total value of $1,127,715.30. Following the completion of the sale, the chief executive officer now directly owns 5,004 shares of the company’s stock, valued at $260,458.20. This trade represents a 81.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,666 shares of company stock valued at $1,286,445. Corporate insiders own 2.60% of the company’s stock.

Etsy Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.