OMERS ADMINISTRATION Corp Has $1.37 Million Stock Position in Etsy Inc $ETSY

OMERS ADMINISTRATION Corp raised its stake in Etsy Inc (NYSE:ETSY) by 558.0% during the 1st quarter, Holdings Channel reports. The fund owned 27,358 shares of the company’s stock after acquiring an additional 23,200 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Etsy were worth $1,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. EFG International AG bought a new stake in shares of Etsy during the fourth quarter worth approximately $33,000. Danske Bank A S bought a new position in shares of Etsy during the third quarter worth approximately $66,000. Federation des caisses Desjardins du Quebec increased its stake in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after purchasing an additional 225 shares during the period. Blue Trust Inc. lifted its holdings in Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in Etsy during the 3rd quarter worth approximately $93,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Etsy

In other news, Director Frederick R. Wilson sold 20,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 441,329 shares of the company’s stock, valued at approximately $32,830,464.31. This represents a 4.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 134,730 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was 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 in the company, valued at $9,003,509.66. This represents a 50.76% decrease in their position. 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 622,500 shares of company stock valued at $44,791,414 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ETSY. Morgan Stanley set a $64.00 price objective on Etsy in a report on Wednesday, April 29th. The Goldman Sachs Group raised shares of Etsy from a “sell” rating to a “neutral” rating in a research report on Thursday, May 21st. Canaccord Genuity Group upped their price target on shares of Etsy from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. UBS Group raised shares of Etsy from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 21st. Finally, Barclays lifted their price objective on shares of Etsy from $72.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus price target of $75.36.

Etsy Stock Performance

Shares of NYSE ETSY opened at $85.62 on Thursday. The stock has a market capitalization of $8.12 billion, a P/E ratio of 35.67, a PEG ratio of 3.39 and a beta of 1.83. The stock’s fifty day moving average is $74.66 and its 200 day moving average is $62.62. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $87.26.

Key Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Wall Street expects earnings growth in Etsy’s upcoming report, and analysts see a combination of favorable expectations and recent operating trends that could support an earnings beat. The report is expected next week, with one source projecting a Wednesday release. Etsy Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Etsy is expanding conversational artificial intelligence across buyer discovery, seller tools and off-site commerce. Partnerships with OpenAI, Microsoft and Google could improve search, increase purchase intent, reduce marketplace friction and strengthen seller productivity over time. Is Etsy’s Conversational AI the Next Competitive Advantage?
• Neutral Sentiment: The upcoming earnings announcement is the main near-term catalyst. Investors will likely focus on gross merchandise sales, active buyers, transaction trends, guidance and whether AI initiatives are translating into stronger engagement or revenue. Etsy Projected to Release Earnings on Wednesday
• Negative Sentiment: A comparative analysis favors MercadoLibre over Etsy, citing MercadoLibre’s stronger fintech, logistics, advertising and AI capabilities. That view could limit enthusiasm for Etsy despite its cheaper valuation and recent rally. MercadoLibre vs. Etsy: Which Internet-Commerce Stock Should You Bet On?
• Negative Sentiment: Etsy’s shares have risen sharply recently, raising questions about whether its AI partnerships and expected earnings growth are already reflected in the valuation. Any earnings miss, cautious guidance or limited early AI benefits could trigger additional pressure. Is Etsy Fully Valued Following Its New AI Partnerships?

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.