Etsy, Inc. (NASDAQ:ETSY) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 313.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 480,554 shares of the specialty retailer’s stock after purchasing an additional 364,219 shares during the period. National Bank of Canada FI owned 0.40% of Etsy worth $38,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bares Capital Management Inc. grew its stake in Etsy by 57.8% in the 3rd quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock worth $261,143,000 after acquiring an additional 1,480,655 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Etsy by 40.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,649,213 shares of the specialty retailer’s stock worth $235,666,000 after acquiring an additional 1,047,811 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Etsy by 107.4% in the third quarter. Epoch Investment Partners Inc. now owns 710,224 shares of the specialty retailer’s stock worth $45,866,000 after acquiring an additional 367,759 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Etsy by 46.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,115,605 shares of the specialty retailer’s stock valued at $72,046,000 after purchasing an additional 352,255 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Etsy by 217.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 400,300 shares of the specialty retailer’s stock worth $32,444,000 after purchasing an additional 274,284 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insider Buying and Selling

In other news, CEO Josh Silverman sold 63,047 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total value of $4,570,907.50. Following the completion of the transaction, the chief executive officer now directly owns 23,140 shares in the company, valued at $1,677,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Etsy news, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total value of $108,681.84. Following the transaction, the chief accounting officer now owns 2,827 shares of the company’s stock, valued at $183,868.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Josh Silverman sold 63,047 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total value of $4,570,907.50. Following the sale, the chief executive officer now directly owns 23,140 shares of the company’s stock, valued at $1,677,650. The disclosure for this sale can be found here. Insiders sold 66,968 shares of company stock valued at $4,836,827 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ETSY shares. Piper Sandler raised their price objective on Etsy from $90.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. The Goldman Sachs Group decreased their target price on shares of Etsy from $80.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday. Truist Financial lowered their target price on Etsy from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday. Wedbush reduced their price target on Etsy from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Wells Fargo & Company cut their target price on Etsy from $60.00 to $58.00 and set an “underweight” rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus target price of $79.96.

Etsy Price Performance

Shares of ETSY stock traded up $2.53 during trading hours on Monday, reaching $62.50. The stock had a trading volume of 2,993,463 shares, compared to its average volume of 3,876,854. The firm has a 50-day simple moving average of $67.77 and a 200-day simple moving average of $71.55. The firm has a market capitalization of $7.31 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 4.73 and a beta of 2.00. Etsy, Inc. has a twelve month low of $56.60 and a twelve month high of $102.81.

Etsy (NASDAQ:ETSY) last announced its earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $646.00 million for the quarter, compared to the consensus estimate of $646.30 million. Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, equities analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current year.

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.