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

Atria Wealth Solutions Inc. boosted its stake in Etsy, Inc. (NASDAQ:ETSY) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,223 shares of the specialty retailer’s stock after purchasing an additional 1,641 shares during the period. Atria Wealth Solutions Inc.’s holdings in Etsy were worth $666,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ETSY. CVA Family Office LLC bought a new position in shares of Etsy during the fourth quarter valued at $27,000. Operose Advisors LLC bought a new position in shares of Etsy during the third quarter valued at $28,000. Tompkins Financial Corp bought a new position in shares of Etsy during the fourth quarter valued at $41,000. Harvest Fund Management Co. Ltd bought a new position in shares of Etsy during the fourth quarter valued at $49,000. Finally, GAMMA Investing LLC bought a new position in shares of Etsy during the fourth quarter valued at $54,000. Institutional investors own 99.53% of the company’s stock.

Etsy Trading Up 1.2 %

Shares of Etsy stock opened at $59.97 on Friday. The stock has a fifty day simple moving average of $67.77 and a 200 day simple moving average of $71.53. Etsy, Inc. has a 12-month low of $56.60 and a 12-month high of $102.81. The company has a market capitalization of $7.02 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 4.16 and a beta of 2.00.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative return on equity of 67.27% and a net margin of 10.75%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. On average, analysts predict that Etsy, Inc. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ETSY. UBS Group dropped their price target on shares of Etsy from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Morgan Stanley decreased their price objective on shares of Etsy from $55.00 to $52.00 and set an “underweight” rating for the company in a research report on Thursday. Canaccord Genuity Group dropped their target price on shares of Etsy from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company decreased their price target on Etsy from $60.00 to $58.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Truist Financial cut their target price on Etsy from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday. Four 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.96.

Insiders Place Their Bets

In other Etsy news, CEO Josh Silverman sold 63,047 shares of Etsy stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Etsy news, CEO Josh Silverman sold 63,047 shares of Etsy stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicholas Daniel sold 1,500 shares of Etsy 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 transaction, the insider now directly 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 valued at $4,836,827 in the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

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.