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

Fiera Capital Corp raised its position in shares of Etsy Inc (NYSE:ETSY) by 32.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 840,296 shares of the company’s stock after buying an additional 204,568 shares during the quarter. Fiera Capital Corp owned about 0.85% of Etsy worth $46,586,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in shares of Etsy by 19.1% in the first quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock valued at $282,000 after purchasing an additional 961 shares in the last quarter. Empowered Funds LLC raised its stake in Etsy by 55.5% during the first quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock valued at $456,000 after purchasing an additional 3,451 shares in the last quarter. Woodline Partners LP bought a new position in Etsy during the first quarter valued at $2,181,000. Northwestern Mutual Wealth Management Co. lifted its position in Etsy by 33.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock valued at $180,000 after purchasing an additional 906 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Etsy in the 2nd quarter worth $232,000. Institutional investors own 99.53% of the company’s stock.

Etsy Stock Performance

Etsy stock opened at $68.75 on Tuesday. The company has a market capitalization of $6.52 billion, a PE ratio of 28.64, a P/E/G ratio of 2.76 and a beta of 1.88. The company has a 50 day moving average price of $60.43 and a 200-day moving average price of $56.70. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $76.51.

Insider Buying and Selling at Etsy

In other Etsy news, insider Josh Silverman sold 134,730 shares of Etsy stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the sale, the insider directly owned 130,694 shares of the company’s stock, valued at $9,003,509.66. The trade was a 50.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $61.63, for a total value of $1,232,600.00. Following the completion of the sale, the director owned 481,329 shares of the company’s stock, valued at $29,664,306.27. This represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 451,509 shares of company stock worth $29,518,662 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Sanford C. Bernstein upped their target price on shares of Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. Arete Research set a $76.00 price target on Etsy and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Zacks Research cut Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Argus upgraded Etsy from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Thursday, May 21st. Finally, Susquehanna lowered Etsy to a “neutral” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Etsy currently has an average rating of “Hold” and a consensus target price of $70.88.

Etsy Company 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.