Etsy Inc $ETSY Holdings Decreased by PYA Waltman Capital LLC

PYA Waltman Capital LLC decreased its holdings in shares of Etsy Inc (NYSE:ETSY) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,387 shares of the company’s stock after selling 11,703 shares during the quarter. PYA Waltman Capital LLC’s holdings in Etsy were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Etsy by 33.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock valued at $10,369,000 after buying an additional 47,105 shares in the last quarter. Lone Pine Capital LLC purchased a new position in shares of Etsy during the third quarter valued at $257,614,000. Crossmark Global Holdings Inc. grew its holdings in shares of Etsy by 338.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock valued at $5,738,000 after buying an additional 79,888 shares in the last quarter. Picton Mahoney Asset Management grew its stake in Etsy by 30.5% in the third quarter. Picton Mahoney Asset Management now owns 95,008 shares of the company’s stock valued at $6,307,000 after purchasing an additional 22,229 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. grew its stake in Etsy by 100.0% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock valued at $4,657,000 after purchasing an additional 42,000 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ETSY. Susquehanna downgraded Etsy to a “neutral” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their target price on Etsy from $75.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday. Barclays boosted their target price on Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Roth Mkm began coverage on Etsy in a research note on Thursday, May 21st. They issued a “buy” rating on the stock. Finally, Citigroup began coverage on Etsy in a research note on Thursday, May 21st. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Etsy has a consensus rating of “Hold” and a consensus price target of $71.00.

Etsy Stock Performance

Shares of NYSE ETSY opened at $69.47 on Monday. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 2.87 and a beta of 1.88. The business’s 50-day simple moving average is $62.07 and its 200-day simple moving average is $57.17. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $76.51.

Insider Buying and Selling

In other Etsy news, insider Josh Silverman sold 134,730 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the sale, the insider owned 130,694 shares of the company’s stock, valued at $9,003,509.66. This represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Edward Colburn III sold 4,776 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $65.09, for a total value of $310,869.84. Following the sale, the insider directly owned 6,503 shares of the company’s stock, valued at $423,280.27. The trade was a 42.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 451,509 shares of company stock worth $29,518,662 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily 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. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.