Natixis Advisors L.P. Buys 68,334 Shares of Etsy, Inc. (NASDAQ:ETSY)

Natixis Advisors L.P. boosted its position in Etsy, Inc. (NASDAQ:ETSY) by 73.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,148 shares of the specialty retailer’s stock after buying an additional 68,334 shares during the quarter. Natixis Advisors L.P. owned approximately 0.13% of Etsy worth $13,061,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ETSY. CVA Family Office LLC acquired a new position in shares of Etsy during the 4th quarter worth about $27,000. Operose Advisors LLC bought a new stake in shares of Etsy in the third quarter valued at approximately $28,000. Tompkins Financial Corp acquired a new stake in shares of Etsy in the fourth quarter worth $41,000. Harvest Fund Management Co. Ltd bought a new position in Etsy during the fourth quarter worth $49,000. Finally, GAMMA Investing LLC acquired a new position in Etsy during the 4th quarter valued at $54,000. Institutional investors own 99.53% of the company’s stock.

Analyst Ratings Changes

ETSY has been the topic of several research reports. Citigroup dropped their price objective on shares of Etsy from $72.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Canaccord Genuity Group cut their price target on Etsy from $125.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. The Goldman Sachs Group decreased their price objective on Etsy from $80.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Etsy from $80.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Finally, Oppenheimer decreased their price target on shares of Etsy from $95.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Etsy currently has a consensus rating of “Hold” and a consensus target price of $79.96.

Insiders Place Their Bets

In other news, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was 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 in the company, valued at $943,571.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Josh Silverman sold 63,047 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,677,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total transaction of $107,730.00. Following the sale, the insider now directly owns 13,138 shares of the company’s stock, valued at $943,571.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,968 shares of company stock valued at $4,836,827. 2.60% of the stock is currently owned by corporate insiders.

Etsy Stock Up 0.5 %

Shares of NASDAQ ETSY opened at $62.77 on Wednesday. Etsy, Inc. has a 12-month low of $56.60 and a 12-month high of $102.81. The firm’s 50-day simple moving average is $67.39 and its 200 day simple moving average is $71.52. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 4.73 and a beta of 2.00.

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

About Etsy

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.