Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in Etsy, Inc. (NASDAQ:ETSY) by 76.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 27,946 shares of the specialty retailer’s stock after selling 89,756 shares during the period. Natixis Advisors LLC’s holdings in Etsy were worth $1,648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Polen Capital Management LLC increased its holdings in Etsy by 83.3% in the fourth quarter. Polen Capital Management LLC now owns 34,322 shares of the specialty retailer’s stock valued at $2,782,000 after buying an additional 15,598 shares in the last quarter. MCF Advisors LLC grew its holdings in Etsy by 23,542.9% during the 1st quarter. MCF Advisors LLC now owns 3,310 shares of the specialty retailer’s stock worth $227,000 after acquiring an additional 3,296 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of Etsy in the 4th quarter valued at about $267,000. TD Asset Management Inc boosted its holdings in shares of Etsy by 16.8% in the 1st quarter. TD Asset Management Inc now owns 1,540,465 shares of the specialty retailer’s stock valued at $105,861,000 after buying an additional 221,275 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in Etsy by 2.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,555,432 shares of the specialty retailer’s stock valued at $126,068,000 after purchasing an additional 30,561 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on ETSY shares. Wells Fargo & Company dropped their target price on shares of Etsy from $58.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, June 25th. Piper Sandler reissued a “neutral” rating and issued a $56.00 price target on shares of Etsy in a report on Friday, August 23rd. Loop Capital reduced their price objective on shares of Etsy from $50.00 to $45.00 and set a “sell” rating for the company in a report on Monday, August 12th. Oppenheimer cut shares of Etsy from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 1st. Finally, Wolfe Research began coverage on shares of Etsy in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.61.

Insider Transactions at Etsy

In other news, insider Nicholas Daniel sold 750 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $59.74, for a total value of $44,805.00. Following the completion of the transaction, the insider now owns 18,833 shares of the company’s stock, valued at $1,125,083.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 2,000 shares of company stock valued at $116,395. 2.60% of the stock is currently owned by insiders.

Etsy Trading Up 0.4 %

Shares of ETSY opened at $52.58 on Wednesday. Etsy, Inc. has a 1-year low of $51.45 and a 1-year high of $89.58. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 5.22 and a beta of 1.98. The company’s fifty day simple moving average is $57.36 and its 200 day simple moving average is $62.36.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05). The firm had revenue of $647.80 million for the quarter, compared to the consensus estimate of $629.87 million. Etsy had a negative return on equity of 51.94% and a net margin of 10.36%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. As a group, research analysts forecast that Etsy, Inc. will post 2.38 earnings per share for the current year.

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.