Banco Bilbao Vizcaya Argentaria S.A. Trims Holdings in Etsy, Inc. (NASDAQ:ETSY)

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,070 shares of the specialty retailer's stock after selling 18,249 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.09% of Etsy worth $5,280,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ETSY. Lindbrook Capital LLC grew its holdings in shares of Etsy by 55.7% in the fourth 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. Larson Financial Group LLC grew its stake in Etsy by 8.7% in the 4th quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer's stock valued at $144,000 after purchasing an additional 218 shares during the period. Heron Bay Capital Management increased its position in shares of Etsy by 1.3% during the 4th quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer's stock valued at $1,072,000 after purchasing an additional 258 shares during the last quarter. Denver PWM LLC raised its stake in shares of Etsy by 36.1% during 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 during the period. Finally, Gagnon Securities LLC boosted its holdings in shares of Etsy by 7.9% in the 4th quarter. Gagnon Securities LLC now owns 5,148 shares of the specialty retailer's stock worth $272,000 after buying an additional 376 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors.

Etsy Trading Down 7.4 %

Shares of ETSY traded down $3.43 during mid-day trading on Wednesday, reaching $42.70. The company's stock had a trading volume of 9,358,464 shares, compared to its average volume of 3,900,285. The stock has a market cap of $4.49 billion, a PE ratio of 18.02, a P/E/G ratio of 2.57 and a beta of 2.15. The company's fifty day moving average price is $46.43 and its two-hundred day moving average price is $51.26. Etsy, Inc. has a 52 week low of $40.05 and a 52 week high of $71.72.

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

Insider Buying and Selling at Etsy

In related news, insider Toni Thompson Nadal sold 1,444 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total value of $69,745.20. Following the sale, the insider now directly owns 592 shares of the company's stock, valued at $28,593.60. This represents a 70.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Daniel sold 1,500 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the transaction, the insider now directly owns 22,198 shares of the company's stock, valued at $1,228,437.32. This represents a 6.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,952 shares of company stock worth $2,554,620. 2.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on ETSY shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Etsy in a research report on Wednesday. UBS Group lowered their price target on shares of Etsy from $54.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Cantor Fitzgerald reduced their price objective on Etsy from $46.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Morgan Stanley lowered their target price on Etsy from $44.00 to $40.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler decreased their price objective on Etsy from $52.00 to $40.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Four investment 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $54.30.

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.