Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Etsy, Inc. (NASDAQ:ETSY) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,046 shares of the specialty retailer’s stock after selling 1,184 shares during the period. Mutual of America Capital Management LLC’s holdings in Etsy were worth $1,301,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bares Capital Management Inc. raised its stake in Etsy by 57.8% during the third quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock worth $261,143,000 after acquiring an additional 1,480,655 shares during the period. Van ECK Associates Corp grew its holdings in shares of Etsy by 40.3% during the third quarter. Van ECK Associates Corp now owns 3,649,213 shares of the specialty retailer’s stock valued at $235,666,000 after purchasing an additional 1,047,811 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Etsy by 201.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 579,791 shares of the specialty retailer’s stock worth $37,291,000 after purchasing an additional 387,467 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of Etsy by 107.4% in the 3rd quarter. Epoch Investment Partners Inc. now owns 710,224 shares of the specialty retailer’s stock worth $45,866,000 after purchasing an additional 367,759 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Etsy by 46.1% during 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 purchasing an additional 352,255 shares during the period. 99.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total transaction of $108,681.84. Following the completion of the sale, the chief accounting officer now directly owns 2,827 shares of the company’s stock, valued at $183,868.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction on 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 directly owns 13,138 shares of the company’s stock, valued at approximately $943,571.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Merilee Buckley sold 1,671 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total value of $108,681.84. Following the completion of the sale, the chief accounting officer now directly owns 2,827 shares of the company’s stock, valued at approximately $183,868.08. The disclosure for this sale can be found here. Insiders have sold 66,968 shares of company stock worth $4,836,827 in the last three months. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ETSY shares. Barclays raised their target price on Etsy from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Evercore ISI reduced their target price 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. Needham & Company LLC restated a “buy” rating and issued a $95.00 target price on shares of Etsy in a research report on Friday, March 1st. Truist Financial reduced their price objective on Etsy from $87.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Finally, UBS Group lowered their target price on Etsy from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.88.

Etsy Price Performance

Shares of ETSY opened at $66.45 on Tuesday. Etsy, Inc. has a 12-month low of $58.20 and a 12-month high of $103.25. The stock has a market capitalization of $7.87 billion, a P/E ratio of 29.67, a P/E/G ratio of 4.64 and a beta of 2.01. The firm’s 50 day moving average is $69.42 and its 200-day moving average is $71.49.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $827.40 million. As a group, equities research analysts forecast that Etsy, Inc. will post 2.58 EPS for the current fiscal year.

Etsy Company Profile

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.