Klingman & Associates LLC bought a new stake in Etsy Inc (NYSE:ETSY – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,373 shares of the company’s stock, valued at approximately $468,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC lifted its stake 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 acquiring an additional 1,314,071 shares during the period. AQR Capital Management LLC increased its stake in shares of 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 acquiring an additional 1,177,301 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Etsy by 51.4% during 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 during the last quarter. Norges Bank purchased a new position in shares of Etsy during the fourth quarter worth $33,903,000. Finally, Deutsche Bank AG lifted its position in Etsy by 68.8% during the fourth quarter. Deutsche Bank AG now owns 1,378,170 shares of the company’s stock valued at $76,406,000 after purchasing an additional 561,487 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.
Etsy Stock Performance
Shares of NYSE ETSY opened at $80.74 on Friday. The company has a market capitalization of $7.66 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 3.17 and a beta of 1.83. The company’s fifty day moving average price is $73.08 and its 200 day moving average price is $62.09. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $87.14.
Insider Transactions at Etsy
Key Headlines Impacting 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
Analyst Upgrades and Downgrades
Several equities research analysts have commented on ETSY shares. Bank of America upped their price target on shares of Etsy from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Evercore set a $72.00 price objective on Etsy in a research note on Wednesday, April 29th. Raymond James Financial boosted their price objective on Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday. President Capital upgraded Etsy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $57.00 to $91.00 in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Etsy from $74.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Etsy currently has a consensus rating of “Hold” and a consensus target price of $75.36.
Read Our Latest Stock Analysis on Etsy
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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