Bessemer Group Inc. Boosts Stake in Etsy Inc $ETSY

Key Points

• Bessemer Group Inc. increased its Etsy stake by 29.2% in the first quarter, ending with 140,609 shares valued at about $7.0 million.
• Institutional interest in Etsy remains high, with 99.53% of the stock owned by institutional investors and several other funds also adding to their positions.
• Analyst sentiment is mixed but mostly cautious: Etsy’s average rating is “Hold” with a consensus price target of $73.64, even as some firms raised targets and others initiated or downgraded the stock.

Bessemer Group Inc. boosted its holdings in shares of Etsy Inc (NYSE:ETSY - Free Report) by 29.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,609 shares of the company's stock after purchasing an additional 31,763 shares during the quarter. Bessemer Group Inc. owned about 0.15% of Etsy worth $7,027,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ETSY. Integrated Wealth Concepts LLC increased its position in Etsy by 19.1% during the first quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company's stock valued at $282,000 after acquiring an additional 961 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of 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 period. Woodline Partners LP purchased a new stake 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 purchasing an additional 906 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of Etsy in the second quarter valued at about $232,000. 99.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ETSY shares. Wall Street Zen downgraded Etsy from a "buy" rating to a "hold" rating in a research report on Sunday, May 31st. President Capital upgraded Etsy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $57.00 to $91.00 in a research note on Thursday, June 25th. Wedbush began coverage on shares of Etsy in a report on Thursday. They set a "neutral" rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Etsy from $78.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group lifted their target price on shares of 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 assigned a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Etsy has an average rating of "Hold" and a consensus price target of $73.64.

Insider Buying and Selling

In related news, insider Josh Silverman sold 39,161 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $79.00, for a total value of $3,093,719.00. Following the transaction, the insider owned 139,884 shares in the company, valued at approximately $11,050,836. This represents a 21.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 881 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $75.35, for a total transaction of $66,383.35. Following the transaction, the chief accounting officer directly owned 405 shares of the company's stock, valued at $30,516.75. This represents a 68.51% decrease in their ownership of the stock. 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. Insiders sold 728,943 shares of company stock valued at $51,855,981 over the last quarter. 2.50% of the stock is currently owned by company insiders.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: JPMorgan raised Etsy’s price target to $85, and the stock hit a new 1-year high after recent analyst support, reinforcing bullish sentiment around the name. Etsy NYSE: ETSY Price Target Raised to $85.00 at JPMorgan Chase & Co.
• Positive Sentiment: Etsy said it will report second-quarter 2026 results after the market close on August 5, which can keep investor attention focused on a potential earnings catalyst. Etsy to Announce Second Quarter 2026 Financial Results on August 5, 2026
• Neutral Sentiment: Wedbush initiated coverage with a neutral rating and an $80 target, suggesting the shares may be fairly valued after the recent rally. Wedbush coverage on Etsy
• Neutral Sentiment: BTIG also cut Etsy to Neutral from Buy, saying the stock’s strong run has pushed valuation toward full, which may limit additional upside in the short term. BTIG lowers Etsy to Neutral, says risk-reward in balance after strong rally
• Negative Sentiment: Executive Chair Josh Silverman sold 39,161 shares worth about $3.1 million, a disclosure that can create cautious sentiment even if it was preplanned. Etsy Executive Chair Josh Silverman Sells 39,161 Shares for $3.1 Million

Etsy Stock Performance

Shares of ETSY opened at $84.08 on Monday. The stock has a 50-day moving average of $70.73 and a two-hundred day moving average of $61.23. Etsy Inc has a one year low of $44.00 and a one year high of $87.14. The stock has a market cap of $7.98 billion, a P/E ratio of 35.04, a P/E/G ratio of 3.50 and a beta of 1.83.

Etsy 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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