PYA Waltman Capital LLC Has $1.35 Million Stock Holdings in Etsy Inc $ETSY

PYA Waltman Capital LLC lessened its holdings in shares of Etsy Inc (NYSE:ETSY) by 32.4% in the 4th quarter, Holdings Channel.com reports. The firm 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 SEC.

Several other large investors have also made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in shares of Etsy by 10.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock worth $88,000 after purchasing an additional 158 shares during the last quarter. Alamea Verwaltungs GmbH grew its holdings in shares of Etsy by 2.3% during the 2nd quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company’s stock worth $370,000 after purchasing an additional 169 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Etsy by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company’s stock worth $419,000 after purchasing an additional 180 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Etsy by 6.6% during the 4th quarter. GAMMA Investing LLC now owns 3,333 shares of the company’s stock worth $185,000 after purchasing an additional 205 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Etsy by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company’s stock worth $1,250,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ETSY shares. Cantor Fitzgerald lifted their price objective on Etsy from $51.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. The Goldman Sachs Group raised Etsy from a “sell” rating to a “neutral” rating in a report on Thursday, May 21st. Susquehanna lowered Etsy to a “neutral” rating in a report on Thursday, May 21st. Arete Research set a $76.00 price objective on Etsy and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Stifel Nicolaus dropped their target price on Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Etsy has an average rating of “Hold” and a consensus price target of $71.00.

Insiders Place Their Bets

In other Etsy news, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $68.79, for a total value of $1,375,800.00. Following the transaction, the director directly owned 461,329 shares in the company, valued at approximately $31,734,821.91. This trade represents a 4.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock in a transaction on Monday, May 4th. The shares were sold at an average price of $65.09, for a total value of $310,869.84. Following the completion of the transaction, the insider owned 6,503 shares in the company, valued at $423,280.27. The trade was a 42.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,509 shares of company stock valued at $29,518,662 in the last 90 days. Insiders own 2.50% of the company’s stock.

Etsy Price Performance

NYSE ETSY opened at $69.47 on Monday. The firm has a market cap of $6.59 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.87 and a beta of 1.88. Etsy Inc has a one year low of $44.00 and a one year high of $76.51. The stock’s 50 day simple moving average is $62.07 and its 200 day simple moving average is $57.17.

About Etsy

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.