Connor Clark & Lunn Investment Management Ltd. acquired a new position in Etsy Inc (NYSE:ETSY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 70,982 shares of the company's stock, valued at approximately $5,347,000. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Etsy as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in Etsy in the 2nd quarter worth approximately $34,000. EFG International AG purchased a new stake in Etsy during the 4th quarter valued at approximately $33,000. Danske Bank A S bought a new stake in shares of Etsy during the third quarter valued at approximately $66,000. CoreCap Advisors LLC raised its position in shares of Etsy by 2,379.1% during the second quarter. CoreCap Advisors LLC now owns 1,066 shares of the company's stock valued at $80,000 after buying an additional 1,023 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of Etsy by 22.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company's stock worth $67,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein upgraded shares of Etsy from a "hold" rating to an "outperform" rating in a research report on Thursday, August 20th. Morgan Stanley upgraded shares of Etsy from an "underweight" rating to an "outperform" rating in a report on Thursday, August 20th. B. Riley Financial boosted their price target on shares of Etsy from $75.00 to $82.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Arete Research set a $76.00 price objective on shares of Etsy and gave the company a "buy" rating in a report on Wednesday, May 20th. Finally, President Capital upgraded Etsy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $57.00 to $91.00 in a research report on Thursday, June 25th. Two research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $84.68.
Get Our Latest Report on ETSY
Insider Transactions at Etsy
In other news, CFO Charles Baker sold 1,564 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $85.88, for a total value of $134,316.32. Following the sale, the chief financial officer directly owned 11,357 shares in the company, valued at $975,339.16. The trade was a 12.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 6,294 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $84.00, for a total transaction of $528,696.00. Following the sale, the insider owned 249,559 shares in the company, valued at $20,962,956. This represents a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 584,967 shares of company stock worth $43,908,631. 2.50% of the stock is currently owned by corporate insiders.
Etsy Stock Performance
ETSY stock opened at $82.90 on Friday. The firm has a fifty day moving average price of $80.64 and a 200 day moving average price of $66.10. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The firm has a market cap of $7.87 billion, a PE ratio of 46.31, a price-to-earnings-growth ratio of 3.95 and a beta of 1.84.
Etsy (NYSE:ETSY - Get Free Report) last released its quarterly 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). Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The business had revenue of $668.31 million for the quarter, compared to analysts' expectations of $646.10 million. During the same period in the previous year, the company earned $0.25 EPS. Etsy's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts predict that Etsy Inc will post 3.94 EPS for the current year.
Etsy Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ETSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Etsy Inc (NYSE:ETSY - Free Report).
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.
Before you consider Etsy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Etsy wasn't on the list.
While Etsy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
