National Bank of Canada FI Has $38.96 Million Holdings in Etsy, Inc. (NASDAQ:ETSY)

National Bank of Canada FI increased its holdings in shares of Etsy, Inc. (NASDAQ:ETSY) by 313.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,554 shares of the specialty retailer’s stock after purchasing an additional 364,219 shares during the quarter. National Bank of Canada FI’s holdings in Etsy were worth $38,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in Etsy by 26.5% during the fourth quarter. Van ECK Associates Corp now owns 4,616,990 shares of the specialty retailer’s stock worth $374,207,000 after buying an additional 967,777 shares during the last quarter. Bares Capital Management Inc. increased its stake in shares of Etsy by 57.8% during the 3rd quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock worth $261,143,000 after purchasing an additional 1,480,655 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Etsy by 3.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,524,871 shares of the specialty retailer’s stock valued at $98,476,000 after purchasing an additional 50,731 shares during the period. Northern Trust Corp raised its holdings in shares of Etsy by 4.3% in the 3rd quarter. Northern Trust Corp now owns 1,194,153 shares of the specialty retailer’s stock valued at $77,118,000 after purchasing an additional 48,934 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Etsy by 46.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,115,605 shares of the specialty retailer’s stock valued at $72,046,000 after purchasing an additional 352,255 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Etsy

In related news, CEO Josh Silverman sold 63,047 shares of the business’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 in the company, valued at $1,677,650. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Nicholas Daniel sold 1,500 shares of the firm’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 sale, the insider now owns 13,138 shares of the company’s stock, valued at approximately $943,571.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Josh Silverman sold 63,047 shares of Etsy stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the completion of the sale, the chief executive officer now owns 23,140 shares of the company’s stock, valued at approximately $1,677,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,968 shares of company stock worth $4,836,827. Company insiders own 2.60% of the company’s stock.

Etsy Stock Up 4.2 %

ETSY traded up $2.53 during midday trading on Monday, hitting $62.50. 2,993,463 shares of the company were exchanged, compared to its average volume of 3,876,854. The firm’s 50 day moving average price is $67.77 and its 200-day moving average price is $71.55. Etsy, Inc. has a 1-year low of $56.60 and a 1-year high of $102.81. The firm has a market capitalization of $7.31 billion, a P/E ratio of 27.38, a P/E/G ratio of 4.73 and a beta of 2.00.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The company had revenue of $646.00 million during the quarter, compared to analyst estimates of $646.30 million. During the same period in the prior year, the firm earned $0.53 earnings per share. Etsy’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ETSY has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Etsy from $60.00 to $58.00 and set an “underweight” rating on the stock in a research note on Thursday. Barclays reduced their price objective on shares of Etsy from $67.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday. Wedbush cut their target price on shares of Etsy from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday. The Goldman Sachs Group lowered their target price on Etsy from $80.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Morgan Stanley decreased their price objective on Etsy from $55.00 to $52.00 and set an “underweight” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $79.96.

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.