William Blair Investment Management LLC Buys New Position in Etsy Inc $ETSY

William Blair Investment Management LLC bought a new stake in Etsy Inc (NYSE:ETSY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,598,520 shares of the company’s stock, valued at approximately $120,417,000.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of Etsy by 11.1% during the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company’s stock worth $297,991,000 after buying an additional 594,768 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Etsy by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock valued at $227,785,000 after acquiring an additional 1,177,301 shares during the period. Van ECK Associates Corp grew its stake in shares of Etsy by 1.1% in the fourth quarter. Van ECK Associates Corp now owns 3,734,156 shares of the company’s stock worth $207,022,000 after acquiring an additional 39,067 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Etsy by 51.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock worth $163,841,000 after acquiring an additional 1,112,520 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Etsy by 48.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company’s stock worth $121,532,000 after acquiring an additional 523,092 shares during the period. 99.53% of the stock is owned by institutional investors.

Insider Transactions at Etsy

In other news, insider Josh Silverman sold 134,730 shares of Etsy 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 directly owned 130,694 shares in the company, valued at approximately $9,003,509.66. The trade was a 50.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of Etsy stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $83.22, for a total transaction of $1,664,400.00. Following the sale, the director owned 421,329 shares in the company, valued at approximately $35,062,999.38. This trade represents a 4.53% 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 have sold a total of 584,967 shares of company stock valued at $43,908,631 over the last ninety days. 2.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ETSY shares. Seaport Research Partners upgraded shares of Etsy to a “buy” rating in a research note on Thursday. Evercore set a $83.00 price target on shares of Etsy in a research report on Thursday, August 6th. Weiss Ratings downgraded shares of Etsy from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Morgan Stanley raised shares of Etsy from an “underweight” rating to an “outperform” rating in a research report on Thursday. Finally, UBS Group upped their price objective on shares of Etsy from $74.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Etsy currently has a consensus rating of “Hold” and an average price target of $84.68.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Bank of America upgraded Etsy from “Neutral” to “Buy” and raised its price target from $88 to $95. The firm said recent growth appears increasingly structural rather than temporary, citing improved execution under CEO Kruti Patel Goyal, stronger mobile engagement and conservative estimates. It also identified potential for more than $1 billion in share buybacks following the Depop sale. Etsy upgraded to buy at BofA on durable growth, buyback potential
• Positive Sentiment: Rosenblatt Securities initiated coverage with a “Buy” rating and a $95 price target, implying meaningful upside from recent trading levels, and subsequently upgraded the shares to “Strong Buy.” The bullish view adds momentum to Etsy’s improving analyst sentiment. Rosenblatt initiates Etsy coverage
• Positive Sentiment: Recent coverage characterizes Etsy’s rebound as potentially durable, while the company’s reported partnership with OpenAI may improve product discovery and marketplace engagement over time. Etsy Partners With OpenAI
• Neutral Sentiment: Goldman Sachs has begun research coverage on Etsy, but no rating or price target was provided in the available report. The broader analyst consensus remains “Hold,” with an average target of approximately $82.73, below the newer $95 targets.
• Negative Sentiment: Director Marla Blow sold 300 shares and Chief Accounting Officer Merilee Buckley sold 405 shares under pre-arranged Rule 10b5-1 plans. The transactions were relatively small, but insider selling can temper investor enthusiasm.
• Negative Sentiment: Etsy’s latest quarterly results included an adjusted EPS loss of $0.49 versus expectations for positive EPS of $0.75, while revenue declined 0.7% year over year. With a P/E ratio near 45, investors may demand continued evidence that the company’s growth recovery can justify its valuation.

Etsy Trading Down 0.6%

Shares of NYSE ETSY opened at $80.69 on Friday. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 5.56 and a beta of 1.84. Etsy Inc has a one year low of $44.00 and a one year high of $87.97. The business has a fifty day simple moving average of $79.76 and a 200 day simple moving average of $65.19.

Etsy (NYSE:ETSY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). The business had revenue of $668.31 million for the quarter, compared to analyst estimates of $646.10 million. Etsy had a negative return on equity of 34.18% and a net margin of 7.32%.The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, research analysts anticipate that Etsy Inc will post 3.94 earnings per share for the current fiscal year.

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.