Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its holdings in shares of Etsy, Inc. (NASDAQ:ETSY) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 650,184 shares of the specialty retailer’s stock after selling 24,646 shares during the quarter. Fiera Capital Corp owned approximately 0.58% of Etsy worth $34,388,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Etsy by 106.5% in the third quarter. Blue Trust Inc. now owns 448 shares of the specialty retailer’s stock worth $26,000 after buying an additional 231 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Etsy during the 3rd quarter worth $43,000. Versant Capital Management Inc grew its holdings in Etsy by 153.1% during the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 499 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Etsy in the 3rd quarter worth about $59,000. Finally, Quarry LP raised its stake in shares of Etsy by 120.4% in the 3rd quarter. Quarry LP now owns 1,953 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 1,067 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETSY has been the subject of a number of research reports. Truist Financial decreased their price target on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Raymond James decreased their target price on Etsy from $72.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $60.00 price target on shares of Etsy in a research report on Thursday, October 31st. Citigroup decreased their price objective on shares of Etsy from $65.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Etsy in a research note on Monday, December 16th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given 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 an average price target of $62.42.

Insider Buying and Selling at Etsy

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the completion of the transaction, the insider now directly owns 22,198 shares of the company’s stock, valued at approximately $1,228,437.32. This trade represents a 6.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Etsy Stock Performance

Shares of ETSY opened at $55.32 on Friday. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 2.71 and a beta of 2.00. The stock’s fifty day moving average is $54.94 and its 200-day moving average is $54.08. Etsy, Inc. has a one year low of $47.10 and a one year high of $78.65.

Etsy declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 30th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 17.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.