Banco Bilbao Vizcaya Argentaria S.A. Has $5.28 Million Stock Holdings in Etsy, Inc. (NASDAQ:ETSY)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,070 shares of the specialty retailer's stock after selling 18,249 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.09% of Etsy worth $5,280,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Etsy by 313.1% in the third quarter. Principal Financial Group Inc. now owns 542,505 shares of the specialty retailer's stock valued at $30,125,000 after buying an additional 411,165 shares during the period. Versant Capital Management Inc raised its stake in Etsy by 153.1% in the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer's stock valued at $44,000 after acquiring an additional 499 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Etsy by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 49,042 shares of the specialty retailer's stock valued at $2,594,000 after purchasing an additional 816 shares during the last quarter. Cooper Financial Group increased its holdings in shares of Etsy by 4.7% in the fourth quarter. Cooper Financial Group now owns 14,439 shares of the specialty retailer's stock valued at $764,000 after purchasing an additional 642 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Etsy in the fourth quarter valued at $280,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the completion of the sale, the insider now directly owns 22,198 shares in the company, valued at approximately $1,228,437.32. This trade represents a 6.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Merilee Buckley sold 1,676 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $48.40, for a total value of $81,118.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,952 shares of company stock worth $2,554,620. 2.60% of the stock is currently owned by insiders.

Etsy Price Performance

Shares of Etsy stock traded up $0.25 during trading on Tuesday, hitting $46.13. The company's stock had a trading volume of 5,770,997 shares, compared to its average volume of 3,875,439. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.57 and a beta of 2.15. Etsy, Inc. has a 52 week low of $40.05 and a 52 week high of $71.72. The stock has a 50-day moving average price of $46.53 and a two-hundred day moving average price of $51.29.

Etsy (NASDAQ:ETSY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. During the same period last year, the company earned $0.62 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on ETSY shares. Morgan Stanley decreased their price target on shares of Etsy from $44.00 to $40.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company dropped their price target on Etsy from $47.00 to $46.00 and set an "underweight" rating for the company in a report on Wednesday, April 2nd. Jefferies Financial Group upgraded Etsy from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $45.00 to $55.00 in a research report on Monday, January 13th. Canaccord Genuity Group decreased their target price on shares of Etsy from $76.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Stifel Nicolaus dropped their price target on shares of Etsy from $51.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $55.38.

About Etsy

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.