National Bank of Canada FI Buys 364,219 Shares of Etsy, Inc. (NASDAQ:ETSY)

National Bank of Canada FI boosted its holdings in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 313.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 480,554 shares of the specialty retailer's stock after buying an additional 364,219 shares during the period. National Bank of Canada FI owned approximately 0.40% of Etsy worth $38,963,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Xponance Inc. raised its holdings in Etsy by 8.1% in the third quarter. Xponance Inc. now owns 25,867 shares of the specialty retailer's stock worth $1,670,000 after purchasing an additional 1,946 shares during the period. Raymond James & Associates raised its holdings in Etsy by 2.0% in the third quarter. Raymond James & Associates now owns 110,563 shares of the specialty retailer's stock worth $7,140,000 after purchasing an additional 2,204 shares during the period. Concord Wealth Partners raised its holdings in Etsy by 9,333.3% in the third quarter. Concord Wealth Partners now owns 1,981 shares of the specialty retailer's stock worth $128,000 after purchasing an additional 1,960 shares during the period. IFM Investors Pty Ltd raised its holdings in Etsy by 7.2% in the third quarter. IFM Investors Pty Ltd now owns 23,736 shares of the specialty retailer's stock worth $1,533,000 after purchasing an additional 1,600 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Etsy by 18.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,690 shares of the specialty retailer's stock worth $5,728,000 after acquiring an additional 14,129 shares during the period. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Guggenheim dropped their price objective on shares of Etsy from $95.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday. Truist Financial dropped their price objective on shares of Etsy from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday. JMP Securities lowered shares of Etsy from an "outperform" rating to a "market perform" rating in a report on Thursday. Evercore ISI dropped their price objective on shares of Etsy from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Etsy from $80.00 to $65.00 and set a "hold" rating on the stock in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Etsy has a consensus rating of "Hold" and an average target price of $79.96.

Etsy Stock Performance

Shares of ETSY stock traded up $2.49 during midday trading on Monday, hitting $62.46. 5,260,558 shares of the company were exchanged, compared to its average volume of 3,904,121. The firm has a market capitalization of $7.30 billion, a P/E ratio of 28.52, a PEG ratio of 4.73 and a beta of 2.00. The firm's 50 day moving average price is $67.58 and its two-hundred day moving average price is $71.53. Etsy, Inc. has a 52 week low of $56.60 and a 52 week high of $102.81.

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

Insider Activity

In other news, CAO Merilee Buckley sold 1,671 shares of the business's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total value of $108,681.84. Following the completion of the transaction, the chief accounting officer now directly owns 2,827 shares in the company, valued at approximately $183,868.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Merilee Buckley sold 1,671 shares of the business's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total value of $108,681.84. Following the completion of the transaction, the chief accounting officer now directly owns 2,827 shares in the company, valued at approximately $183,868.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total transaction of $107,730.00. Following the completion of the transaction, the insider now owns 13,138 shares of the company's stock, valued at $943,571.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,968 shares of company stock worth $4,836,827. 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.