Cwm LLC Increases Stock Holdings in Etsy Inc $ETSY

Cwm LLC raised its stake in Etsy Inc (NYSE:ETSY) by 17.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 102,113 shares of the company’s stock after purchasing an additional 15,131 shares during the quarter. Cwm LLC owned 0.10% of Etsy worth $5,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in shares of Etsy by 10.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock valued at $88,000 after purchasing an additional 158 shares during the last quarter. Alamea Verwaltungs GmbH boosted its stake in shares of Etsy by 2.3% in the second quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company’s stock valued at $370,000 after buying an additional 169 shares in the last quarter. GAMMA Investing LLC grew its holdings in Etsy by 6.6% during the fourth quarter. GAMMA Investing LLC now owns 3,333 shares of the company’s stock worth $185,000 after acquiring an additional 205 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Etsy by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,831 shares of the company’s stock worth $379,000 after acquiring an additional 231 shares during the period. Finally, Ballentine Partners LLC raised its position in Etsy by 5.2% in the third quarter. Ballentine Partners LLC now owns 4,951 shares of the company’s stock worth $329,000 after acquiring an additional 243 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Etsy Stock Performance

ETSY opened at $65.13 on Wednesday. The business’s fifty day moving average price is $52.83. The stock has a market capitalization of $6.27 billion, a P/E ratio of 49.72, a price-to-earnings-growth ratio of 4.61 and a beta of 1.77. Etsy Inc has a one year low of $41.51 and a one year high of $76.51.

Etsy (NYSE:ETSY) last posted its earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The company had revenue of $881.64 million for the quarter. Etsy had a negative return on equity of 24.94% and a net margin of 5.65%. Equities analysts anticipate that Etsy Inc will post 3.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Etsy from $63.00 to $54.00 and set a “hold” rating for the company in a report on Tuesday, February 24th. B. Riley Financial lowered their price target on shares of Etsy from $78.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Etsy in a research note on Tuesday, December 30th. Stifel Nicolaus lowered their price target on shares of Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Etsy from $65.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Etsy presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Insiders Place Their Bets

In other Etsy news, Director Charles Andrew Ballard sold 1,790 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $55.74, for a total transaction of $99,774.60. Following the sale, the director directly owned 4,006 shares in the company, valued at approximately $223,294.44. The trade was a 30.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Merilee Buckley sold 1,993 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $52.92, for a total value of $105,469.56. Following the sale, the chief accounting officer owned 809 shares in the company, valued at approximately $42,812.28. The trade was a 71.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 98,636 shares of company stock worth $5,703,703. 2.80% of the stock is owned by corporate insiders.

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.