Etsy, Inc. (NASDAQ:ETSY) Shares Bought by Natixis Advisors L.P.

Posted by on Apr 11th, 2023

Natixis Advisors L.P. lifted its position in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 106.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,314 shares of the specialty retailer’s stock after purchasing an additional 101,341 shares during the period. Natixis Advisors L.P. owned about 0.16% of Etsy worth $23,514,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Optimum Investment Advisors grew its stake in Etsy by 400.0% during the 3rd quarter. Optimum Investment Advisors now owns 250 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Trustcore Financial Services LLC boosted its stake in shares of Etsy by 166.3% during the 3rd quarter. Trustcore Financial Services LLC now owns 269 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. General Partner Inc. purchased a new position in shares of Etsy during the 4th quarter valued at approximately $29,000. GoalVest Advisory LLC acquired a new stake in shares of Etsy during the fourth quarter worth approximately $30,000. Finally, Whittier Trust Co. increased its stake in shares of Etsy by 888.9% in the fourth quarter. Whittier Trust Co. now owns 267 shares of the specialty retailer’s stock worth $32,000 after buying an additional 240 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $106.38, for a total transaction of $2,218,023.00. Following the sale, the chief executive officer now owns 107,305 shares in the company, valued at $11,415,105.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $106.38, for a total transaction of $2,218,023.00. Following the transaction, the chief executive officer now owns 107,305 shares in the company, valued at $11,415,105.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Daniel sold 1,000 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $135.18, for a total value of $135,180.00. Following the transaction, the insider now directly owns 3,309 shares in the company, valued at $447,310.62. The disclosure for this sale can be found here. Insiders sold a total of 68,668 shares of company stock worth $8,264,817 over the last ninety days. 3.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on ETSY. Jefferies Financial Group downgraded shares of Etsy from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $150.00 to $85.00 in a research note on Thursday, March 9th. Citigroup initiated coverage on Etsy in a research note on Tuesday, December 13th. They issued a “buy” rating and a $161.00 price target for the company. TheStreet upgraded Etsy from a “d” rating to a “c-” rating in a research note on Wednesday, February 22nd. Canaccord Genuity Group lifted their target price on Etsy from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Finally, Evercore ISI dropped their price target on Etsy from $153.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Etsy currently has a consensus rating of “Moderate Buy” and an average price target of $132.75.

Etsy Trading Down 1.0 %

Shares of NASDAQ ETSY opened at $103.04 on Tuesday. Etsy, Inc. has a twelve month low of $67.01 and a twelve month high of $149.91. The firm has a 50-day moving average of $119.79 and a two-hundred day moving average of $117.98. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of -17.95, a PEG ratio of 5.81 and a beta of 1.99.

Etsy (NASDAQ:ETSY – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.05). The business had revenue of $807.20 million during the quarter, compared to analyst estimates of $752.12 million. Etsy had a positive return on equity of 1,306.41% and a negative net margin of 27.06%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS. As a group, research analysts predict that Etsy, Inc. will post 2.63 earnings per share for the current year.

About Etsy

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Etsy, Inc engages in the operation of an online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments: Etsy, Reverb, Depop, and Elo7. The company was founded in 2005 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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