Fiera Capital Corp Raises Stock Position in Etsy, Inc. $ETSY

Fiera Capital Corp grew its position in Etsy, Inc. (NASDAQ:ETSY) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 649,542 shares of the specialty retailer’s stock after purchasing an additional 12,855 shares during the period. Fiera Capital Corp’s holdings in Etsy were worth $32,581,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ETSY. Blue Trust Inc. lifted its holdings in Etsy by 18.7% in the second quarter. Blue Trust Inc. now owns 1,150 shares of the specialty retailer’s stock valued at $58,000 after acquiring an additional 181 shares during the last quarter. Signaturefd LLC raised its position in Etsy by 52.7% in the second quarter. Signaturefd LLC now owns 556 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 192 shares during the period. Allworth Financial LP lifted its stake in shares of Etsy by 47.6% in the 1st quarter. Allworth Financial LP now owns 769 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 248 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Etsy by 27.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,299 shares of the specialty retailer’s stock worth $65,000 after purchasing an additional 280 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Etsy by 10.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,343 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 412 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insiders Place Their Bets

In related news, CMO Bradley Minor sold 3,095 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $57.81, for a total transaction of $178,921.95. Following the completion of the transaction, the chief marketing officer directly owned 7,373 shares of the company’s stock, valued at $426,233.13. The trade was a 29.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard Edward Colburn III sold 3,200 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $57.80, for a total value of $184,960.00. Following the sale, the insider owned 4,387 shares in the company, valued at approximately $253,568.60. This trade represents a 42.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 394,169 shares of company stock valued at $25,936,217. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ETSY. Needham & Company LLC boosted their price objective on shares of Etsy from $72.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Sanford C. Bernstein lifted their price target on shares of Etsy from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, July 17th. Zacks Research raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Piper Sandler restated a “neutral” rating on shares of Etsy in a report on Wednesday, October 29th. Finally, Barclays lifted their target price on shares of Etsy from $60.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Etsy has an average rating of “Hold” and an average target price of $64.24.

Etsy Stock Performance

NASDAQ ETSY opened at $58.46 on Friday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 47.15, a PEG ratio of 10.65 and a beta of 1.87. The firm has a 50 day simple moving average of $65.56 and a 200-day simple moving average of $58.85. Etsy, Inc. has a one year low of $40.05 and a one year high of $76.51.

Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The company had revenue of $678.03 million for the quarter, compared to analyst estimates of $655.83 million. During the same period in the prior year, the business earned $0.45 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts predict that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

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.