Natixis Advisors L.P. Has $13.06 Million Stock Holdings in Etsy, Inc. (NASDAQ:ETSY)

Natixis Advisors L.P. grew its position in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,148 shares of the specialty retailer's stock after acquiring an additional 68,334 shares during the period. Natixis Advisors L.P. owned about 0.13% of Etsy worth $13,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC purchased a new stake in shares of Etsy during the 4th quarter worth $27,000. Operose Advisors LLC acquired a new position in Etsy during the third quarter worth about $28,000. Tompkins Financial Corp purchased a new position in Etsy in the fourth quarter valued at about $41,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Etsy during the 4th quarter valued at approximately $49,000. Finally, KB Financial Partners LLC boosted its stake in shares of Etsy by 99.5% during the 3rd quarter. KB Financial Partners LLC now owns 836 shares of the specialty retailer's stock worth $54,000 after acquiring an additional 417 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Josh Silverman sold 63,047 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 23,140 shares of the company's stock, valued at approximately $1,677,650. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Josh Silverman sold 63,047 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the transaction, the chief executive officer now directly owns 23,140 shares of the company's stock, valued at approximately $1,677,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the 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 sale, the insider now directly owns 13,138 shares of the company's stock, valued at approximately $943,571.16. The disclosure for this sale can be found here. Insiders sold a total of 66,968 shares of company stock worth $4,836,827 over the last ninety days. 2.60% of the stock is owned by company insiders.

Etsy Stock Performance

Shares of ETSY traded down $0.20 during trading hours on Wednesday, hitting $62.57. The stock had a trading volume of 3,591,212 shares, compared to its average volume of 3,879,508. The company's fifty day simple moving average is $67.22 and its 200 day simple moving average is $71.46. Etsy, Inc. has a 12-month low of $56.60 and a 12-month high of $102.81. The firm has a market cap of $7.32 billion, a P/E ratio of 28.57, a P/E/G ratio of 4.73 and a beta of 2.00.

Etsy (NASDAQ:ETSY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $646.00 million during the quarter, compared to analyst estimates of $646.30 million. Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. As a group, sell-side analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ETSY has been the subject of several research analyst reports. Citigroup dropped their price objective on Etsy from $72.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company cut their price target on Etsy from $60.00 to $58.00 and set an "underweight" rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC lowered their price objective on shares of Etsy from $95.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, May 2nd. JMP Securities cut shares of Etsy from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 2nd. Finally, Piper Sandler increased their price target on shares of Etsy from $90.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $79.96.

Etsy Company 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.