Fiera Capital Corp Buys 192101 Shares of Etsy, Inc. (NASDAQ:ETSY)

Fiera Capital Corp lifted its stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 36.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 722,278 shares of the specialty retailer's stock after purchasing an additional 192,101 shares during the quarter. Fiera Capital Corp owned about 0.60% of Etsy worth $46,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETSY. First Capital Advisors Group LLC. bought a new stake in shares of Etsy during the 2nd quarter worth approximately $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Etsy during the 4th quarter worth approximately $28,000. Quarry LP lifted its stake in shares of Etsy by 121.7% during the 1st quarter. Quarry LP now owns 266 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 146 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Etsy by 63.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 377 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 147 shares during the last quarter. Finally, Northwest Capital Management Inc bought a new stake in Etsy during the 2nd quarter valued at $38,000. 92.98% of the stock is owned by institutional investors.

Etsy Price Performance

Shares of ETSY stock opened at $74.39 on Wednesday. Etsy, Inc. has a 1-year low of $58.20 and a 1-year high of $143.15. The stock's fifty day moving average price is $76.80 and its 200 day moving average price is $72.56. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 7.53 and a beta of 2.06.

Wall Street Analyst Weigh In

ETSY has been the subject of a number of research analyst reports. Oppenheimer decreased their target price on Etsy from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, October 25th. Wolfe Research lifted their target price on Etsy from $76.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, December 14th. TheStreet raised Etsy from a "d" rating to a "c-" rating in a research report on Wednesday, November 1st. Stifel Nicolaus initiated coverage on Etsy in a research report on Tuesday, October 17th. They set a "hold" rating and a $64.00 target price for the company. Finally, Citigroup lowered Etsy from a "buy" rating to a "neutral" rating and decreased their target price for the company from $114.00 to $67.00 in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $91.96.

Get Our Latest Report on Etsy

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, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers.

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