Seelaus Asset Management LLC bought a new position in shares of Etsy Inc (NYSE:ETSY – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,890 shares of the company’s stock, valued at approximately $494,000.
Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its position in shares of 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 last quarter. Empowered Funds LLC lifted its position in Etsy by 55.5% during the first quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock valued at $456,000 after purchasing an additional 3,451 shares during the last quarter. Woodline Partners LP purchased a new position in Etsy in the 1st quarter worth approximately $2,181,000. Northwestern Mutual Wealth Management Co. grew its stake in Etsy by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock worth $180,000 after buying an additional 906 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Etsy in the 2nd quarter worth $232,000. 99.53% of the stock is currently owned by institutional investors.
Key Headlines Impacting Etsy
Here are the key news stories impacting Etsy this week:
- Positive Sentiment: Recent analysis suggests Etsy is seeing a buyer rebound, with active buyers returning to sequential growth and spending per buyer improving, which could support revenue and cash flow if the trend continues. Etsy (ETSY) Buyers Return To Growth, Is The Stock Now Too Pricey?
- Positive Sentiment: Another report says Etsy’s first sequential increase in active buyers in two years, along with stronger app-based sales and personalized search/AI features, may be improving the investment case. Is Etsy’s Buyer Rebound and App Engagement Shift Altering The Investment Case For Etsy (ETSY)?
- Positive Sentiment: Analysts say Etsy’s AI seller tools could reduce friction for merchants, improve inventory quality, and help accelerate marketplace growth. Etsy’s Seller Tools Could Unlock Faster Marketplace Growth
- Neutral Sentiment: One valuation piece argues Etsy may look attractive on cash flow, but not necessarily cheap on earnings, leaving investors split on whether the stock is undervalued after its recent rebound. Is Etsy (ETSY) Stock Cheap On Cash Flow Or Expensive On Earnings?
- Negative Sentiment: ETSY saw additional insider selling, including CAO Merilee Buckley and Director Frederick Wilson, which can weigh on sentiment even though the trades were made under pre-arranged 10b5-1 plans. Insider Selling: Etsy (NYSE:ETSY) Director Sells 20,000 Shares of Stock
- Negative Sentiment: A market article also notes Etsy and CarGurus were trading down, reinforcing the weaker tone in the stock today. Etsy and CarGurus stocks trade down, what you need to know
Insider Activity at Etsy
Analyst Ratings Changes
Several research firms have recently weighed in on ETSY. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Canaccord Genuity Group upped their target price on shares of Etsy from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. The Goldman Sachs Group raised Etsy from a “sell” rating to a “neutral” rating in a research note on Thursday, May 21st. Argus upgraded Etsy from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Thursday, May 21st. Finally, Truist Financial raised their price target on Etsy from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.80.
Get Our Latest Analysis on ETSY
Etsy Stock Performance
ETSY stock opened at $77.32 on Thursday. The company has a market capitalization of $7.34 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 3.23 and a beta of 1.83. Etsy Inc has a one year low of $44.00 and a one year high of $80.41. The company’s 50 day moving average price is $68.27 and its two-hundred day moving average price is $59.91.
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.
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