VELA Investment Management LLC Purchases New Position in Etsy Inc $ETSY

Key Points

• VELA Investment Management LLC established a new position in Etsy, buying 20,075 shares in the fourth quarter valued at about $1,113,000, according to its latest 13F filing.
• Significant insider selling: insiders have sold 205,079 shares (~$12.77M) in the past 90 days, including Josh Silverman’s 70,000‑share sale (~$4.55M) and CAO Merilee Buckley’s 1,993‑share sale; insiders now own 2.80% of the company.
• Etsy reported Q1 beats (EPS $0.92 vs. $0.88 estimate; revenue $881.6M) with GMS up 5.5% and first buyer growth in two years, but analysts remain mixed — consensus rating is Hold with a $70.09 target, while some brokers raised targets and others remain cautious.

VELA Investment Management LLC purchased a new stake in shares of Etsy Inc (NYSE:ETSY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,075 shares of the company's stock, valued at approximately $1,113,000.

Several other institutional investors and hedge funds have also bought and sold shares of ETSY. SJS Investment Consulting Inc. lifted its stake in Etsy by 12,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the company's stock worth $51,000 after purchasing an additional 756 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Etsy in the 3rd quarter worth approximately $51,000. Salomon & Ludwin LLC purchased a new stake in Etsy in the 3rd quarter worth approximately $55,000. Danske Bank A S purchased a new stake in Etsy in the 3rd quarter worth approximately $66,000. Finally, LSV Asset Management purchased a new stake in Etsy in the 3rd quarter worth approximately $86,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ETSY shares. Needham & Company LLC increased their price target on shares of Etsy from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group decreased their price target on shares of Etsy from $62.00 to $55.00 and set a "hold" rating on the stock in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Etsy from $74.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday. Wells Fargo & Company increased their price target on shares of Etsy from $47.00 to $61.00 and gave the stock an "underweight" rating in a report on Thursday. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Etsy in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $70.09.

Insider Activity at Etsy

In related news, CAO Merilee Buckley sold 1,993 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $52.92, for a total transaction of $105,469.56. Following the transaction, the chief accounting officer owned 809 shares of the company's stock, valued at approximately $42,812.28. This trade represents a 71.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 70,000 shares of the firm's stock in a transaction 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 in the company, valued at approximately $8,495,110. This trade represents a 34.88% 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. In the last 90 days, insiders have sold 205,079 shares of company stock valued at $12,768,270. Insiders own 2.80% of the company's stock.

Etsy Stock Performance

ETSY stock opened at $63.16 on Friday. Etsy Inc has a 52 week low of $42.97 and a 52 week high of $76.51. The firm's fifty day simple moving average is $55.48. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 9.47 and a beta of 1.90.

Etsy (NYSE:ETSY - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. The company had revenue of $881.64 million for the quarter. As a group, equities analysts predict that Etsy Inc will post 3.71 earnings per share for the current fiscal year.

Etsy News Summary

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 results beat estimates: revenue and EPS topped forecasts; Etsy reported mid-single-digit GMS growth and its first buyer growth in two years, signaling improving marketplace momentum. ETSY Q1 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Gross merchandise sales (GMS) +5.5% in Q1 and improving revenue mix as advertising/services drive growth and margins — key fundamentals investors reward. Etsy marketplace GMS rises 5.5% in first quarter
• Positive Sentiment: Several brokers raised price targets and issued buy/overweight calls (Needham to $85 buy; Canaccord to $80 buy; Barclays to $82 overweight; Truist to $85 buy), providing bullish analyst support. Broker Price Target Actions
• Neutral Sentiment: Management commentary and coverage note a “cautious recovery” from the earnings call — positive operational signs but management is measured on cadence of improvement. Earnings Call Highlights
• Neutral Sentiment: Product/marketplace stories emphasize a platform rebuild and trend-tailwinds (nostalgia/bold design) that may support long-term engagement but are execution-dependent. Marketplace Rebuild Paying Off
• Neutral Sentiment: Press pieces highlight AI/SEO algorithm changes that create urgency for sellers — mixed near-term impact (implementation frictions vs. longer-term search improvements). AI SEO Urgency for Sellers
• Negative Sentiment: Insider sale: former CEO Josh Silverman sold ~36,443 shares under a 10b5‑1 plan, reducing his stake by ~21.8% — often interpreted by markets as a near-term negative signal despite pre-arrangement. SEC Form 4
• Negative Sentiment: B. Riley downgraded ETSY from buy to neutral (PT $75) and Wells Fargo remains underweight despite a raised target — mixed-to-cautious analyst views could cap upside in the near term. B. Riley Downgrade
• Negative Sentiment: Morgan Stanley flagged sustainability questions even as growth returns — ESG scrutiny can pressure multiples and investor sentiment. Sustainability Questions

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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