Atria Wealth Solutions Inc. Purchases 1,641 Shares of Etsy, Inc. (NASDAQ:ETSY)

Atria Wealth Solutions Inc. grew its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 24.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,223 shares of the specialty retailer’s stock after buying an additional 1,641 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Etsy were worth $666,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ETSY. Bares Capital Management Inc. raised its stake in shares of Etsy by 57.8% during the third quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock valued at $261,143,000 after acquiring an additional 1,480,655 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Etsy by 40.3% during the third quarter. Van ECK Associates Corp now owns 3,649,213 shares of the specialty retailer’s stock valued at $235,666,000 after acquiring an additional 1,047,811 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in Etsy by 107.4% in the third quarter. Epoch Investment Partners Inc. now owns 710,224 shares of the specialty retailer’s stock worth $45,866,000 after buying an additional 367,759 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Etsy by 46.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,115,605 shares of the specialty retailer’s stock worth $72,046,000 after buying an additional 352,255 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Etsy by 217.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 400,300 shares of the specialty retailer’s stock worth $32,444,000 after buying an additional 274,284 shares in the last quarter. 99.53% of the stock is owned by institutional investors.

Etsy Stock Up 1.2 %

NASDAQ:ETSY opened at $59.97 on Friday. The company’s 50 day moving average price is $67.77 and its 200-day moving average price is $71.53. Etsy, Inc. has a 52 week low of $56.60 and a 52 week high of $102.81. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 4.16 and a beta of 2.00.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share 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 the consensus estimate of $646.30 million. Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. As a group, sell-side analysts anticipate that Etsy, Inc. will post 2.55 earnings per share for the current year.

Insider Activity at Etsy

In related news, CAO Merilee Buckley sold 1,671 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total transaction of $108,681.84. Following the transaction, the chief accounting officer now owns 2,827 shares in the company, valued at $183,868.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Merilee Buckley sold 1,671 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total transaction of $108,681.84. Following the transaction, the chief accounting officer now owns 2,827 shares in the company, valued at $183,868.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the 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 transaction, the insider now owns 13,138 shares in the company, valued at approximately $943,571.16. The disclosure for this sale can be found here. Insiders have sold a total of 66,968 shares of company stock worth $4,836,827 over the last quarter. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ETSY shares. B. Riley decreased their price target on shares of Etsy from $91.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group decreased their price target on shares of Etsy from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday. Barclays decreased their price target on shares of Etsy from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Etsy from $80.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Finally, Needham & Company LLC cut their price objective on shares of Etsy from $95.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.96.

Etsy Company 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.