State of Wyoming Makes New Investment in Etsy Inc $ETSY

State of Wyoming purchased a new stake in Etsy Inc (NYSE:ETSY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,648 shares of the company’s stock, valued at approximately $382,000.

A number of other hedge funds also recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its holdings in Etsy by 19.1% in the first quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock worth $282,000 after purchasing an additional 961 shares during the period. Empowered Funds LLC lifted its stake in shares of Etsy by 55.5% in the 1st quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock worth $456,000 after acquiring an additional 3,451 shares during the period. Woodline Partners LP bought a new position in shares of Etsy in the first quarter valued at approximately $2,181,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Etsy by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock valued at $180,000 after acquiring an additional 906 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Etsy during the second quarter valued at approximately $232,000. Institutional investors own 99.53% of the company’s stock.

Insider Activity at Etsy

In related news, CAO Merilee Buckley sold 881 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $75.35, for a total value of $66,383.35. Following the completion of the sale, the chief accounting officer owned 405 shares in the company, valued at approximately $30,516.75. This represents a 68.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 39,161 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $79.00, for a total transaction of $3,093,719.00. Following the completion of the transaction, the insider directly owned 139,884 shares of the company’s stock, valued at $11,050,836. This represents a 21.87% decrease in their position. 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. In the last 90 days, insiders sold 658,943 shares of company stock worth $47,305,981. 2.50% of the stock is owned by corporate insiders.

Etsy Trading Up 0.1%

ETSY stock opened at $80.74 on Monday. Etsy Inc has a one year low of $44.00 and a one year high of $87.14. The firm has a 50-day moving average of $73.08 and a two-hundred day moving average of $62.12. The firm has a market capitalization of $7.66 billion, a PE ratio of 33.64, a P/E/G ratio of 3.16 and a beta of 1.83.

Wall Street Analyst Weigh In

Several brokerages recently commented on ETSY. Barclays boosted their target price on Etsy from $72.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Wedbush assumed coverage on Etsy in a research note on Thursday, July 16th. They set a “neutral” rating and a $80.00 price target for the company. President Capital upgraded Etsy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $57.00 to $91.00 in a research report on Thursday, June 25th. Arete Research set a $76.00 price objective on Etsy and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group boosted their price objective on Etsy from $62.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Etsy has an average rating of “Hold” and a consensus target price of $75.36.

Trending Headlines about Etsy

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

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.