Counterpoint Mutual Funds LLC Makes New $9.65 Million Investment in Etsy Inc $ETSY

Key Points

• Counterpoint Mutual Funds LLC acquired 134,987 Etsy shares worth approximately $9.65 million, giving it a 0.14% stake and making Etsy its 23rd-largest portfolio holding.
• Institutional investors own 99.53% of Etsy, while the stock recently traded at $85.01 near its 52-week high of $90.32. Analysts have a consensus “Hold” rating with an average price target of $86.21.
• Etsy’s latest quarter showed an EPS miss and a 0.7% year-over-year revenue decline, despite revenue exceeding estimates. Investors will focus on the company’s third-quarter 2026 results, scheduled for October 28, amid recent takeover speculation and strong share-price momentum.

Counterpoint Mutual Funds LLC bought a new position in shares of Etsy Inc (NYSE:ETSY - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 134,987 shares of the company's stock, valued at approximately $9,650,000. Etsy makes up about 0.8% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 23rd biggest position. Counterpoint Mutual Funds LLC owned 0.14% of Etsy at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of Etsy by 11.1% during the first quarter. Renaissance Technologies LLC now owns 5,962,210 shares of the company's stock worth $297,991,000 after acquiring an additional 594,768 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Etsy by 51.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company's stock valued at $163,841,000 after buying an additional 1,112,520 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Etsy by 48.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,613,333 shares of the company's stock worth $121,532,000 after acquiring an additional 523,092 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Etsy in the second quarter worth about $120,417,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Etsy by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,573,696 shares of the company's stock worth $78,642,000 after acquiring an additional 100,542 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Etsy Price Performance

ETSY opened at $85.01 on Friday. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $90.32. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 47.49, a PEG ratio of 2.13 and a beta of 1.86. The company's 50 day moving average price is $77.01 and its two-hundred day moving average price is $71.95.

Etsy (NYSE:ETSY - Get Free Report) last released its quarterly earnings data 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 negative return on equity of 34.18% and a net margin of 7.32%. The company had revenue of $668.31 million for the quarter, compared to the consensus estimate of $646.10 million. During the same period last year, the company earned $0.25 EPS. Etsy's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts predict that Etsy Inc will post 3.94 EPS for the current year.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Unconfirmed reports of potential takeover interest in online marketplaces lifted Etsy alongside eBay. The speculation is a short-term catalyst, although no offer or transaction has been confirmed. eBay Jumps 5% on Takeover Speculation; Etsy Rallies 7%, Shopify Holds Flat
• Positive Sentiment: Etsy recorded a sharp, high-volume advance in the latest session and was on track for a seventh consecutive gain, indicating strong near-term investor demand. The momentum has brought the stock close to its 52-week high. Etsy on track to widen gains to seventh straight session
• Neutral Sentiment: Etsy will release third-quarter 2026 results before the market opens on October 28. Investors will be watching marketplace sales, revenue growth, profitability and management’s outlook for confirmation that the rally is supported by improving fundamentals. Etsy to Announce Third Quarter 2026 Financial Results
• Negative Sentiment: Zacks cautioned that the latest trend in earnings-estimate revisions may not support continued gains, creating a risk that the recent rally loses momentum. Etsy’s prior quarterly results also included an EPS miss, while revenue declined slightly year over year. Etsy Moves Higher: Will This Strength Last?
• Negative Sentiment: CEO Josh Silverman sold 1,131 shares for roughly $91,630 across two transactions. Because the sales were made under a pre-arranged Rule 10b5-1 plan and represented less than 0.5% of his holdings, they are a limited bearish signal. Etsy SEC Form 4 Insider Transactions

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ETSY shares. Wedbush started coverage on shares of Etsy in a research note on Thursday, July 16th. They issued a "neutral" rating and a $80.00 price target for the company. Oppenheimer upgraded Etsy from a "market perform" rating to an "outperform" rating and set a $90.00 price target for the company in a research note on Tuesday, September 15th. Barclays raised their price objective on Etsy from $82.00 to $94.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Canaccord Genuity Group set a $92.00 price target on shares of Etsy in a research report on Thursday, August 6th. Finally, Wells Fargo & Company boosted their price objective on Etsy from $61.00 to $76.00 and gave the stock an "underweight" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Etsy currently has a consensus rating of "Hold" and an average target price of $86.21.

Insider Buying and Selling

In other Etsy news, Director Charles Ballard sold 4,500 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $81.85, for a total value of $368,325.00. Following the completion of the sale, the director directly owned 4,239 shares of the company's stock, valued at $346,962.15. The trade was a 51.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Josh Silverman sold 41,108 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $83.11, for a total value of $3,416,485.88. Following the completion of the sale, the insider owned 171,932 shares of the company's stock, valued at $14,289,268.52. The trade was a 19.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 128,175 shares of company stock valued at $10,509,659 over the last three months. Insiders own 2.50% of the company's stock.

Etsy Company Profile

Etsy, Inc operates a global online marketplace focused on unique and creative goods. Its platform connects buyers with independent sellers offering handmade products, vintage items, craft supplies, personalized merchandise, home décor, jewelry, clothing, and other specialty goods.

The company generates revenue primarily through marketplace services, including seller listing and transaction fees, payment processing, advertising, and other seller-focused services. Etsy also provides tools intended to help independent merchants manage their shops, market products, process orders, and reach customers.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy serves buyers and sellers in numerous countries.

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