Banco Bilbao Vizcaya Argentaria S.A. Purchases 16,025 Shares of Etsy, Inc. $ETSY

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Etsy, Inc. (NASDAQ:ETSY) by 18.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,375 shares of the specialty retailer’s stock after purchasing an additional 16,025 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned 0.11% of Etsy worth $5,217,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Etsy by 52.7% in the second quarter. Signaturefd LLC now owns 556 shares of the specialty retailer’s stock worth $28,000 after buying an additional 192 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Etsy in the 1st quarter valued at about $36,000. Allworth Financial LP raised its holdings in shares of Etsy by 47.6% in the 1st quarter. Allworth Financial LP now owns 769 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 248 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Etsy by 842.2% during the 1st quarter. Brooklyn Investment Group now owns 782 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 699 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Etsy by 18.7% during the second quarter. Blue Trust Inc. now owns 1,150 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.

Etsy Trading Down 2.4%

ETSY opened at $57.09 on Friday. Etsy, Inc. has a 12 month low of $40.05 and a 12 month high of $76.51. The business’s 50-day moving average price is $65.62 and its 200-day moving average price is $59.02. The company has a market cap of $5.64 billion, a P/E ratio of 46.04, a P/E/G ratio of 10.65 and a beta of 1.87.

Etsy (NASDAQ:ETSY) last issued its earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The company had revenue of $678.03 million during the quarter, compared to analysts’ expectations of $655.83 million. During the same period in the prior year, the business posted $0.45 EPS. Etsy’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ETSY has been the topic of a number of recent analyst reports. Zacks Research raised shares of Etsy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Raymond James Financial restated an “outperform” rating and set a $78.00 price objective (down previously from $80.00) on shares of Etsy in a research report on Thursday, October 30th. Moffett Nathanson reaffirmed a “neutral” rating on shares of Etsy in a report on Wednesday, October 29th. Needham & Company LLC increased their target price on Etsy from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Truist Financial raised their price target on Etsy from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and an average target price of $64.24.

Insider Activity

In other news, insider Goyal Kruti Patel sold 7,685 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $75.01, for a total value of $576,451.85. Following the transaction, the insider owned 54,840 shares in the company, valued at approximately $4,113,548.40. This trade represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $61.46, for a total transaction of $1,331,592.36. Following the completion of the transaction, the chief executive officer directly owned 78,946 shares in the company, valued at approximately $4,852,021.16. The trade was a 21.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 394,169 shares of company stock valued at $25,936,217. Corporate insiders own 2.80% of the company’s stock.

Etsy 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.