Charles Baker Sells 1,564 Shares of Etsy (NYSE:ETSY) Stock

Etsy Inc (NYSE:ETSY) CFO Charles Baker sold 1,564 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $85.88, for a total transaction of $134,316.32. Following the completion of the sale, the chief financial officer directly owned 11,357 shares in the company, valued at $975,339.16. This trade represents a 12.10% decrease in their position. The sale was disclosed in a document filed 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.

Etsy Stock Performance

NYSE:ETSY opened at $85.45 on Friday. The company has a 50-day moving average of $77.45 and a 200-day moving average of $63.70. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 47.74, a PEG ratio of 3.22 and a beta of 1.84. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $87.97.

Institutional Trading of Etsy

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Etsy by 717.7% during the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after purchasing an additional 1,314,071 shares in the last quarter. AQR Capital Management LLC boosted its stake in Etsy by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock worth $227,785,000 after purchasing an additional 1,177,301 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in 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 purchasing an additional 1,112,520 shares in the last quarter. Norges Bank bought a new stake in shares of Etsy during the fourth quarter worth $33,903,000. Finally, Renaissance Technologies LLC grew 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 purchasing an additional 594,768 shares during the last quarter. 99.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on ETSY shares. UBS Group raised their price target on shares of Etsy from $74.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings downgraded Etsy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. President Capital raised Etsy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $57.00 to $91.00 in a research note on Thursday, June 25th. Susquehanna cut Etsy to a “neutral” rating in a research report on Thursday, May 21st. Finally, Needham & Company LLC upped their price target on Etsy from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $81.23.

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 earnings beat expectations: Etsy reported approximately $668.3 million in revenue and adjusted earnings of $1.34 per share, exceeding consensus estimates of $646.1 million and $1.17, respectively. Strength in gross merchandise sales (GMS), Etsy Ads and operating leverage helped drive the results. Etsy Q2 Earnings Beat on GMS and Ads Strength
• Positive Sentiment: Growth and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, supported by higher order values, increased active buyers, mobile momentum and better buyer retention. Management raised its 2026 growth outlook as search, personalization and marketing initiatives gain traction. Etsy Q2 Earnings Call Lifts Outlook
• Positive Sentiment: Analyst optimism increased: JPMorgan upgraded Etsy to “overweight” and raised its price target to $100, while Needham also lifted its target to $100 with a “buy” rating. The targets reflect expectations that Etsy’s turnaround may continue. JPMorgan Upgrades Etsy
• Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program, which could support earnings per share and return capital to shareholders. Etsy Workforce Reduction and Buyback
• Neutral Sentiment: Analyst views remain mixed: Piper Sandler, Wells Fargo and Cantor Fitzgerald raised price targets but retained neutral or underweight ratings, suggesting that some analysts believe the recent gains already reflect much of the improvement.
• Negative Sentiment: Restructuring and insider sales create risks: Etsy plans to cut about 220 jobs, or 12% of its workforce, to simplify operations and accelerate execution. The CFO and executive chair also sold shares under pre-arranged Rule 10b5-1 plans, which may weigh on sentiment despite having limited predictive value. Etsy Layoffs Amid Restructuring

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.