Fiera Capital Corp Acquires 204,568 Shares of Etsy Inc $ETSY

Fiera Capital Corp boosted its holdings in shares of Etsy Inc (NYSE:ETSY) by 32.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 840,296 shares of the company’s stock after acquiring an additional 204,568 shares during the quarter. Fiera Capital Corp’s holdings in Etsy were worth $46,586,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ETSY. Public Sector Pension Investment Board raised its position in shares of Etsy by 21.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 430,824 shares of the company’s stock worth $28,602,000 after acquiring an additional 75,295 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Etsy by 33.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock worth $10,369,000 after purchasing an additional 47,105 shares during the last quarter. Lone Pine Capital LLC bought a new stake in Etsy during the third quarter valued at about $257,614,000. Crossmark Global Holdings Inc. grew its stake in Etsy by 338.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock valued at $5,738,000 after purchasing an additional 79,888 shares during the last quarter. Finally, Picton Mahoney Asset Management grew its stake in Etsy by 30.5% in the third quarter. Picton Mahoney Asset Management now owns 95,008 shares of the company’s stock valued at $6,307,000 after purchasing an additional 22,229 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy Price Performance

NYSE:ETSY opened at $68.75 on Tuesday. The company’s fifty day moving average price is $60.43 and its 200-day moving average price is $56.70. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $76.51. The firm has a market capitalization of $6.52 billion, a P/E ratio of 28.64, a PEG ratio of 2.76 and a beta of 1.88.

Insider Buying and Selling

In other Etsy news, CFO Charles Baker sold 2,030 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $63.50, for a total transaction of $128,905.00. Following the sale, the chief financial officer directly owned 6,913 shares of the company’s stock, valued at approximately $438,975.50. This trade represents a 22.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Josh Silverman sold 134,730 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.89, for a total value of $9,281,549.70. Following the completion of the transaction, the insider directly owned 130,694 shares of the company’s stock, valued at approximately $9,003,509.66. This trade represents a 50.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 451,509 shares of company stock valued at $29,518,662 over the last quarter. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup initiated coverage on shares of Etsy in a research report on Thursday, May 21st. They set an “outperform” rating for the company. The Goldman Sachs Group upgraded shares of Etsy from a “sell” rating to a “neutral” rating in a research note on Thursday, May 21st. B. Riley Financial cut shares of Etsy from a “buy” rating to a “neutral” rating and increased their target price for the company from $70.00 to $75.00 in a research report on Thursday, April 30th. Canaccord Genuity Group raised their target price on shares of Etsy from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Truist Financial lifted their price target on shares of Etsy from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $70.88.

Etsy Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.