PYA Waltman Capital LLC Purchases 1,055 Shares of Etsy, Inc. (NASDAQ:ETSY)

PYA Waltman Capital LLC raised its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,913 shares of the specialty retailer’s stock after acquiring an additional 1,055 shares during the quarter. PYA Waltman Capital LLC’s holdings in Etsy were worth $1,290,000 as of its most recent SEC filing.

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

Insider Activity

In other news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total transaction of $107,730.00. Following the sale, the insider now owns 13,138 shares of the company’s stock, valued at approximately $943,571.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total transaction of $107,730.00. Following the sale, the insider now owns 13,138 shares of the company’s stock, valued at approximately $943,571.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Josh Silverman sold 63,047 shares of Etsy stock in a transaction dated 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 sale, the chief executive officer now directly owns 23,140 shares in the company, valued at approximately $1,677,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,968 shares of company stock valued at $4,836,827. Corporate insiders own 2.60% of the company’s stock.

Etsy Trading Up 0.2 %

Shares of ETSY stock traded up $0.16 during mid-day trading on Wednesday, reaching $68.83. The stock had a trading volume of 1,463,447 shares, compared to its average volume of 3,620,797. The stock’s 50-day moving average price is $68.42 and its two-hundred day moving average price is $71.66. Etsy, Inc. has a 52-week low of $58.20 and a 52-week high of $102.81. The firm has a market capitalization of $8.06 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 4.79 and a beta of 2.01.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Etsy had a net margin of 11.19% and a negative return on equity of 70.75%. The firm had revenue of $842.32 million for the quarter, compared to analysts’ expectations of $827.40 million. On average, equities research analysts forecast that Etsy, Inc. will post 2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

ETSY has been the subject of several research analyst reports. Piper Sandler raised their price target on shares of Etsy from $90.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Evercore ISI decreased their price target on shares of Etsy from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Etsy from $80.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. The Goldman Sachs Group downgraded shares of Etsy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $84.00 to $80.00 in a report on Wednesday, January 10th. Finally, UBS Group cut their price target on shares of Etsy from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Etsy presently has an average rating of “Hold” and a consensus price target of $84.04.

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.