Great Lakes Advisors LLC Makes New $1.63 Million Investment in Etsy Inc $ETSY

Great Lakes Advisors LLC acquired a new stake in shares of Etsy Inc (NYSE:ETSY) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 21,674 shares of the company’s stock, valued at approximately $1,633,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EFG International AG bought a new position in shares of Etsy during the 4th quarter valued at about $33,000. Global Retirement Partners LLC purchased a new position in shares of Etsy during the second quarter worth approximately $34,000. Blue Trust Inc. raised its stake in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after acquiring an additional 200 shares in the last quarter. Danske Bank A S bought a new stake in shares of Etsy in the 3rd quarter worth approximately $66,000. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of Etsy by 22.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock valued at $67,000 after purchasing an additional 225 shares during the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ETSY. Morgan Stanley upgraded shares of Etsy from an “underweight” rating to an “outperform” rating in a report on Thursday. Evercore set a $83.00 target price on shares of Etsy in a report on Thursday, August 6th. UBS Group increased their price objective on Etsy from $74.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Wall Street Zen lowered Etsy from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, Truist Financial raised their price objective on shares of Etsy from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $84.68.

Etsy News Roundup

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 ETSY opened at $80.69 on Friday. The company’s fifty day simple moving average is $79.76 and its 200-day simple moving average is $65.19. The company has a market cap of $7.66 billion, a P/E ratio of 45.08, a P/E/G ratio of 5.56 and a beta of 1.84. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $87.97.

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

Insider Transactions at Etsy

In other news, Director Frederick R. Wilson sold 20,000 shares of Etsy stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $83.22, for a total value of $1,664,400.00. Following the completion of the sale, the director directly owned 421,329 shares of the company’s stock, valued at approximately $35,062,999.38. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 405 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $79.50, for a total value of $32,197.50. Following the transaction, the chief accounting officer directly owned 167 shares in the company, valued at approximately $13,276.50. The trade was a 70.80% 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 have sold 584,967 shares of company stock worth $43,908,631 in the last three months. Company insiders own 2.50% of the company’s stock.

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.