State of Wyoming bought a new stake in Etsy Inc (NYSE:ETSY – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,648 shares of the company’s stock, valued at approximately $382,000.
A number of other large investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its holdings in shares of Etsy by 33.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock valued at $10,369,000 after acquiring an additional 47,105 shares in the last quarter. Crossmark Global Holdings Inc. raised 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 worth $5,738,000 after acquiring an additional 79,888 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Etsy by 717.7% during the first quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock worth $74,829,000 after acquiring an additional 1,314,071 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its position in Etsy by 100.0% during 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 during the last quarter. Finally, Van ECK Associates Corp boosted its position in Etsy by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock valued at $207,022,000 after purchasing an additional 39,067 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on the company. UBS Group upgraded Etsy from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 21st. Evercore set a $72.00 price target on Etsy in a report on Wednesday, April 29th. Jefferies Financial Group lifted their price target on Etsy from $62.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Guggenheim began coverage on Etsy in a report on Thursday, May 21st. They issued a “buy” rating on the stock. Finally, Roth Capital assumed coverage on Etsy in a report on Thursday, May 21st. They issued a “buy” rating on the stock. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.36.
Key Etsy News
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Analysts say Etsy’s app-led loyalty push is boosting engagement, conversion, and buyer lifetime value, while mobile gross merchandise sales growth accelerates and personalized features gain traction. Can Etsy’s Loyalty Initiatives Unlock Higher Buyer Lifetime Value?
- Positive Sentiment: Etsy’s collaboration with Olivia Rodrigo on a handmade Daisy Chain Fields merch and accessory collection highlights stronger brand visibility and could support traffic and marketplace activity. Olivia Rodrigo Creates Adorable Festival Accessory Line for Daisy Chain Fields With 10 Female Etsy Sellers
- Positive Sentiment: Another note argues Etsy has the ingredients to beat estimates again in its next earnings report, reinforcing expectations for solid near-term financial results. Will Etsy (ETSY) Beat Estimates Again in Its Next Earnings Report?
- Neutral Sentiment: One article says Etsy fits an ideal LBO target profile, which may attract takeover speculation but does not by itself change fundamentals. These 4 Stocks Fit the Ideal LBO Target Profile Right Now
- Neutral Sentiment: Coverage also showed Etsy maintaining a consensus “Hold” rating, suggesting analysts remain cautious overall even amid improving sentiment. Etsy Inc (NYSE:ETSY) Given Consensus Recommendation of “Hold” by Analysts
Etsy Trading Up 0.1%
Shares of Etsy stock opened at $80.74 on Monday. The firm has a fifty day simple moving average of $73.08 and a 200-day simple moving average of $62.12. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $87.14. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 3.16 and a beta of 1.83.
Insiders Place Their Bets
In other Etsy news, Director Frederick R. Wilson sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $74.39, for a total transaction of $1,487,800.00. Following the completion of the transaction, the director owned 441,329 shares of the company’s stock, valued at $32,830,464.31. The trade was a 4.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 134,730 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the sale, the insider owned 130,694 shares of the company’s stock, valued at $9,003,509.66. This trade represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 658,943 shares of company stock worth $47,305,981 over the last quarter. 2.50% of the stock is currently owned by company insiders.
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.
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