Natixis Advisors LLC Purchases New Shares in Etsy, Inc. (NASDAQ:ETSY)

Natixis Advisors LLC purchased a new stake in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,457 shares of the specialty retailer's stock, valued at approximately $606,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Lindbrook Capital LLC lifted its stake in Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Etsy during the fourth quarter valued at about $38,000. Versant Capital Management Inc boosted its holdings in Etsy by 153.1% during the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer's stock worth $44,000 after purchasing an additional 499 shares during the last quarter. Blue Trust Inc. grew its position in Etsy by 95.1% in the 4th quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer's stock worth $46,000 after purchasing an additional 426 shares in the last quarter. Finally, Denver PWM LLC grew its position in Etsy by 36.1% in the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer's stock worth $58,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.

Etsy Stock Up 0.2 %

NASDAQ:ETSY traded up $0.10 during midday trading on Monday, hitting $46.79. The company had a trading volume of 299,250 shares, compared to its average volume of 3,701,136. The stock's fifty day moving average price is $50.93 and its 200-day moving average price is $52.64. Etsy, Inc. has a 52-week low of $43.43 and a 52-week high of $71.72. The company has a market capitalization of $5.01 billion, a PE ratio of 19.74, a P/E/G ratio of 2.57 and a beta of 2.23.

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Etsy (NASDAQ:ETSY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm 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 company's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. As a group, research analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

ETSY has been the topic of a number of research analyst reports. Truist Financial cut their target price on Etsy from $70.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Needham & Company LLC reissued a "buy" rating and issued a $60.00 price objective on shares of Etsy in a research report on Thursday, February 20th. Loop Capital decreased their target price on Etsy from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company lifted their target price on Etsy from $44.00 to $47.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Finally, Citigroup reduced their price target on shares of Etsy from $56.00 to $53.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Etsy currently has a consensus rating of "Hold" and a consensus target price of $58.42.

Insiders Place Their Bets

In other news, CEO Josh Silverman sold 21,666 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the completion of the sale, the chief executive officer now owns 5,004 shares of the company's stock, valued at approximately $260,458.20. This represents a 81.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total transaction of $75,720.00. Following the sale, the insider now owns 20,698 shares of the company's stock, valued at $1,044,835.04. This represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,666 shares of company stock valued at $1,286,445. 2.60% of the stock is currently owned by corporate insiders.

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.