PYA Waltman Capital LLC Grows Stake in Etsy, Inc. (NASDAQ:ETSY)

PYA Waltman Capital LLC raised its stake in Etsy, Inc. (NASDAQ:ETSYGet Rating) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,571 shares of the specialty retailer’s stock after purchasing an additional 2,441 shares during the quarter. Etsy comprises about 1.6% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 19th biggest position. PYA Waltman Capital LLC’s holdings in Etsy were worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ETSY. Norges Bank acquired a new stake in shares of Etsy during the fourth quarter valued at about $223,388,000. SG Americas Securities LLC grew its stake in shares of Etsy by 101.2% during the first quarter. SG Americas Securities LLC now owns 7,110 shares of the specialty retailer’s stock valued at $884,000 after acquiring an additional 606,822 shares in the last quarter. Capital International Investors grew its stake in shares of Etsy by 72.8% during the fourth quarter. Capital International Investors now owns 1,369,536 shares of the specialty retailer’s stock valued at $299,846,000 after acquiring an additional 577,075 shares in the last quarter. Flossbach Von Storch AG grew its stake in shares of Etsy by 19.6% during the fourth quarter. Flossbach Von Storch AG now owns 2,618,168 shares of the specialty retailer’s stock valued at $573,222,000 after acquiring an additional 428,777 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Etsy by 16.4% during the fourth quarter. Principal Financial Group Inc. now owns 2,331,444 shares of the specialty retailer’s stock valued at $509,716,000 after acquiring an additional 329,322 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Etsy

In related news, CEO Josh Silverman sold 20,850 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $107.80, for a total value of $2,247,630.00. Following the completion of the transaction, the chief executive officer now owns 102,707 shares of the company’s stock, valued at $11,071,814.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CMO Ryan M. Scott sold 712 shares of Etsy stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $71,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Josh Silverman sold 20,850 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $107.80, for a total transaction of $2,247,630.00. Following the sale, the chief executive officer now owns 102,707 shares of the company’s stock, valued at approximately $11,071,814.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,130 shares of company stock valued at $11,368,022. Corporate insiders own 3.10% of the company’s stock.

Etsy Trading Up 0.0 %

Shares of NASDAQ ETSY opened at $109.38 on Friday. The company’s 50 day simple moving average is $85.64 and its 200 day simple moving average is $109.86. Etsy, Inc. has a fifty-two week low of $67.01 and a fifty-two week high of $307.75. The firm has a market capitalization of $13.85 billion, a P/E ratio of 38.51, a P/E/G ratio of 5.06 and a beta of 1.88. The company has a debt-to-equity ratio of 4.10, a current ratio of 2.93 and a quick ratio of 2.93.

Etsy (NASDAQ:ETSYGet Rating) last posted its earnings results on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.20. The company had revenue of $585.20 million for the quarter, compared to analyst estimates of $556.85 million. Etsy had a net margin of 17.01% and a return on equity of 67.88%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. On average, analysts predict that Etsy, Inc. will post 2.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JMP Securities restated a “mkt outperform” rating and set a $125.00 target price on shares of Etsy in a research note on Wednesday, June 1st. Guggenheim lifted their price target on Etsy from $101.00 to $105.00 in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft decreased their price target on Etsy from $100.00 to $90.00 in a research note on Thursday, July 21st. Stifel Nicolaus decreased their price target on Etsy from $130.00 to $125.00 in a research note on Friday, July 15th. Finally, Truist Financial decreased their price target on Etsy from $150.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Etsy Company Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.