California State Teachers Retirement System Boosts Stock Holdings in Etsy Inc $ETSY

California State Teachers Retirement System lifted its position in shares of Etsy Inc (NYSE:ETSY - Free Report) by 16.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,342 shares of the company's stock after acquiring an additional 14,567 shares during the period. California State Teachers Retirement System owned approximately 0.11% of Etsy worth $5,165,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. EFG International AG purchased a new stake in shares of Etsy during the fourth quarter valued at $33,000. Danske Bank A S bought a new position in Etsy during the 3rd quarter valued at about $66,000. Federation des caisses Desjardins du Quebec lifted its stake in 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 acquiring an additional 225 shares during the period. Blue Trust Inc. boosted its holdings in shares of Etsy by 19.3% during the 1st 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, Brown Brothers Harriman & Co. purchased a new stake in shares of Etsy during the 3rd quarter valued at about $93,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Etsy Stock Performance

NYSE ETSY opened at $82.29 on Friday. The business's fifty day moving average is $77.10 and its 200 day moving average is $63.55. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The company has a market capitalization of $7.81 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 3.36 and a beta of 1.84.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Quarterly results exceeded expectations: Etsy reported second-quarter revenue of approximately $668.3 million, above the $646.1 million consensus estimate. Adjusted earnings were $1.34 per share, topping the $1.17 estimate, supported by gross merchandise sales (GMS), Etsy Ads growth and operating leverage. Etsy Q2 Earnings Beat on GMS and Ads Strength
• Positive Sentiment: Outlook and capital returns improved: Stronger margins led management to raise its 2026 outlook. The board also authorized an additional $2 billion in share repurchases, potentially supporting earnings per share and signaling confidence in Etsy’s cash-generation ability. Etsy to Cut 12% of Workforce as It Simplifies Operations
• Positive Sentiment: AI initiatives are gaining traction: Etsy is using artificial intelligence to personalize shopping, improve product discovery and develop conversational shopping tools, which could strengthen engagement and marketplace growth over time. Etsy's Three-Way AI Bet Is Starting to Pay Off
• Neutral Sentiment: Management will discuss the business at the Canaccord Genuity Growth Conference on August 12, giving investors a near-term opportunity to hear more about the turnaround, AI strategy and updated outlook. Etsy to Participate in Upcoming Investor Conference
• Negative Sentiment: Workforce reduction raised execution concerns: Etsy plans to eliminate about 220 jobs, or 12% of its workforce, to simplify its organization and accelerate decision-making. Although management said the move is intended to position the company for growth rather than merely cut costs, investors may view it as evidence that the turnaround remains difficult. Etsy Lays Off 12% of Workforce
• Negative Sentiment: Valuation and insider sales are overhangs: With the stock near its yearly high and trading at a premium earnings multiple, analysts’ generally neutral ratings may limit upside. CEO Josh Silverman, CFO Charles Baker and director Frederick Wilson also sold shares under pre-arranged Rule 10b5-1 plans. These sales are not necessarily discretionary, but they can add short-term pressure. Etsy Insider Sale Filing

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ETSY. President Capital raised shares of Etsy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $57.00 to $91.00 in a report on Thursday, June 25th. Bank of America lifted their target price on shares of Etsy from $72.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, May 28th. Wall Street Zen downgraded Etsy from a "buy" rating to a "hold" rating in a research note on Sunday, May 31st. Needham & Company LLC lifted their price objective on Etsy from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company upped their price objective on Etsy from $47.00 to $61.00 and gave the company an "underweight" rating in a research 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $76.28.

Insider Transactions at Etsy

In related news, insider Josh Silverman sold 134,730 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the completion of the transaction, the insider directly owned 130,694 shares in the company, valued at approximately $9,003,509.66. The trade was a 50.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $83.22, for a total transaction of $1,664,400.00. Following the sale, the director owned 421,329 shares in the company, valued at approximately $35,062,999.38. The trade was a 4.53% 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. Over the last ninety days, insiders have sold 596,310 shares of company stock worth $44,425,234. Insiders own 2.50% of the company's stock.

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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