Etsy Inc $ETSY Position Boosted by M&T Bank Corp

Key Points

• M&T Bank Corp boosted its Etsy stake by 616.5%, buying an additional 23,469 shares to hold 27,276 shares worth $1.51M, while institutional investors collectively own about 99.53% of the stock.
• Etsy reported Q1 EPS of $0.60 (missed by $0.02) but revenue of $631.3M beat estimates and rose 3.1% year‑over‑year, fueling a ~10.1% intraday jump and several analyst upgrades/target raises.
• Corporate insiders have been net sellers, offloading 168,636 shares (~$10.25M) in the last 90 days, including CEO Josh Silverman’s sale of 70,000 shares for $4.55M, leaving insiders with about 2.80% ownership.

M&T Bank Corp grew its holdings in shares of Etsy Inc (NYSE:ETSY - Free Report) by 616.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,276 shares of the company's stock after purchasing an additional 23,469 shares during the period. M&T Bank Corp's holdings in Etsy were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Krilogy Financial LLC boosted its position in shares of Etsy by 33.1% during the 4th quarter. Krilogy Financial LLC now owns 14,163 shares of the company's stock valued at $851,000 after purchasing an additional 3,522 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Etsy during the 4th quarter valued at about $429,000. Merit Financial Group LLC boosted its position in shares of Etsy by 19.1% during the 4th quarter. Merit Financial Group LLC now owns 24,710 shares of the company's stock valued at $1,370,000 after purchasing an additional 3,958 shares in the last quarter. Parcion Private Wealth LLC acquired a new position in shares of Etsy in the fourth quarter worth about $214,000. Finally, CWM LLC raised its holdings in shares of Etsy by 17.4% during the fourth quarter. CWM LLC now owns 102,113 shares of the company's stock valued at $5,661,000 after acquiring an additional 15,131 shares during the period. Institutional investors own 99.53% of the company's stock.

Etsy Trading Up 10.1%

Etsy stock opened at $69.58 on Thursday. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 53.11, a PEG ratio of 9.90 and a beta of 1.77. The company has a 50 day moving average of $55.16. Etsy Inc has a twelve month low of $41.51 and a twelve month high of $76.51.

Etsy (NYSE:ETSY - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $631.28 million during the quarter, compared to analyst estimates of $622.39 million. Etsy had a net margin of 5.65% and a negative return on equity of 24.94%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.49) EPS. Research analysts expect that Etsy Inc will post 3.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on ETSY. Barclays upgraded shares of Etsy from an "equal weight" rating to an "overweight" rating and set a $72.00 price target for the company in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft decreased their target price on Etsy from $63.00 to $54.00 and set a "hold" rating for the company in a research report on Tuesday, February 24th. Needham & Company LLC dropped their price target on Etsy from $76.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Evercore set a $72.00 price target on Etsy in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price target on Etsy from $52.00 to $47.00 and set an "underweight" rating on the stock in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Etsy presently has an average rating of "Hold" and a consensus target price of $63.33.

Insiders Place Their Bets

In other Etsy news, CAO Merilee Buckley sold 1,993 shares of the business's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $52.92, for a total value of $105,469.56. Following the completion of the sale, the chief accounting officer directly owned 809 shares of the company's stock, valued at $42,812.28. The trade was a 71.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 70,000 shares of the business's stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $65.00, for a total transaction of $4,550,000.00. Following the completion of the sale, the insider directly owned 130,694 shares of the company's stock, valued at $8,495,110. This represents a 34.88% 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 168,636 shares of company stock valued at $10,253,703 over the last ninety days. Corporate insiders own 2.80% of the company's stock.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy reported Q1 revenue and marketplace strength that outpaced expectations — management flagged improving gross merchandise sales and buyer activity, which markets interpreted as a return to growth. Read More.
• Positive Sentiment: Market reaction also reflected headline Q1 coverage noting revenue and EPS beats on an adjusted basis and an improved outlook from management; that drove an early intraday pop. Read More.
• Positive Sentiment: BTIG raised its price target to $78 and reiterated a Buy rating, giving analysts’ endorsement that supported the rally. Read More.
• Positive Sentiment: Other sell‑side support preceded the print (UBS nudged its target higher), adding to upward momentum as analysts re‑price shares on signs of recovery. Read More.
• Positive Sentiment: Management highlighted product work — including AI features to improve discovery and bring back shoppers — which investors view as a practical lever to sustain marketplace momentum. Read More.
• Neutral Sentiment: Earnings call transcript and summaries are available for deeper reads on metrics and guidance; these are useful for investors who want to parse GMV, take‑rates, marketing spend and margin trajectory. Read More.
• Negative Sentiment: There are mixed accounting signals: some outlets report adjusted EPS beat while GAAP EPS and certain consensus comparisons were weaker or below some estimates, and investors should watch margin and return‑on‑equity metrics as the company reaccelerates growth. Read More.

About Etsy

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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