878,400 Shares in Etsy Inc $ETSY Bought by Findlay Park Partners LLP

Findlay Park Partners LLP acquired a new stake in shares of Etsy Inc (NYSE:ETSY - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 878,400 shares of the company's stock, valued at approximately $66,170,000. Findlay Park Partners LLP owned approximately 0.93% of Etsy as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ETSY. Smartleaf Asset Management LLC increased its stake in Etsy by 10.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company's stock worth $88,000 after buying an additional 158 shares in the last quarter. Alamea Verwaltungs GmbH boosted its position in shares of Etsy by 2.3% during the 2nd quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company's stock valued at $370,000 after acquiring an additional 169 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Etsy by 2.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company's stock worth $419,000 after acquiring an additional 180 shares during the last quarter. Blue Trust Inc. increased its position in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock valued at $62,000 after acquiring an additional 200 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Etsy by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company's stock valued at $1,250,000 after buying an additional 224 shares during the period. Institutional investors and hedge funds own 99.53% of the company's stock.

Key Headlines Impacting Etsy

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 Price Performance

Shares of ETSY opened at $80.69 on Friday. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $87.97. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 5.55 and a beta of 1.84. The firm has a 50 day simple moving average of $79.76 and a 200-day simple moving average of $65.19.

Etsy (NYSE:ETSY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($1.24). The company had revenue of $668.31 million during the quarter, compared to analysts' expectations of $646.10 million. Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. Etsy's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. On average, equities analysts expect that Etsy Inc will post 3.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ETSY shares. Sanford C. Bernstein raised shares of Etsy from a "hold" rating to an "outperform" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on Etsy from $74.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, April 30th. Loop Capital set a $105.00 price objective on shares of Etsy in a research report on Thursday. Seaport Research Partners raised Etsy to a "buy" rating in a report on Thursday. Finally, Susquehanna downgraded shares of Etsy to a "neutral" rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Etsy currently has a consensus rating of "Hold" and a consensus target price of $84.68.

Insider Buying and Selling at Etsy

In related news, insider Josh Silverman sold 6,294 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $84.00, for a total value of $528,696.00. Following the completion of the transaction, the insider owned 249,559 shares of the company's stock, valued at approximately $20,962,956. The trade was a 2.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Edward Colburn III sold 8,252 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $82.09, for a total transaction of $677,406.68. Following the completion of the transaction, the insider owned 6,503 shares in the company, valued at approximately $533,831.27. This trade represents a 55.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 584,967 shares of company stock valued at $43,908,631. 2.50% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source