William Blair Investment Management LLC Buys New Shares in Etsy Inc $ETSY

William Blair Investment Management LLC purchased a new position in Etsy Inc (NYSE:ETSY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,598,520 shares of the company’s stock, valued at approximately $120,417,000. William Blair Investment Management LLC owned about 1.68% of Etsy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. EFG International AG bought a new position in shares of Etsy in the fourth quarter valued at $33,000. Global Retirement Partners LLC bought a new stake in shares of Etsy during the 2nd quarter worth $34,000. Blue Trust Inc. grew its holdings in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after acquiring an additional 200 shares during the last quarter. Danske Bank A S acquired a new position in shares of Etsy in the 3rd quarter worth $66,000. Finally, Federation des caisses Desjardins du Quebec raised its position in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Upgrades and Downgrades

ETSY has been the subject of several analyst reports. Evercore set a $83.00 target price on Etsy in a report on Thursday, August 6th. Citigroup lifted their price target on Etsy from $60.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Piper Sandler boosted their price objective on Etsy from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Loop Capital set a $105.00 target price on shares of Etsy in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Etsy presently has a consensus rating of “Hold” and an average target price of $84.68.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Bank of America upgraded Etsy from “Neutral” to “Buy” and raised its price target from $88 to $95. The firm said recent growth appears increasingly structural rather than temporary, citing improved execution under CEO Kruti Patel Goyal, stronger mobile engagement and conservative estimates. It also identified potential for more than $1 billion in share buybacks following the Depop sale. Etsy upgraded to buy at BofA on durable growth, buyback potential
• Positive Sentiment: Rosenblatt Securities initiated coverage with a “Buy” rating and a $95 price target, implying meaningful upside from recent trading levels, and subsequently upgraded the shares to “Strong Buy.” The bullish view adds momentum to Etsy’s improving analyst sentiment. Rosenblatt initiates Etsy coverage
• Positive Sentiment: Recent coverage characterizes Etsy’s rebound as potentially durable, while the company’s reported partnership with OpenAI may improve product discovery and marketplace engagement over time. Etsy Partners With OpenAI
• Neutral Sentiment: Goldman Sachs has begun research coverage on Etsy, but no rating or price target was provided in the available report. The broader analyst consensus remains “Hold,” with an average target of approximately $82.73, below the newer $95 targets.
• Negative Sentiment: Director Marla Blow sold 300 shares and Chief Accounting Officer Merilee Buckley sold 405 shares under pre-arranged Rule 10b5-1 plans. The transactions were relatively small, but insider selling can temper investor enthusiasm.
• Negative Sentiment: Etsy’s latest quarterly results included an adjusted EPS loss of $0.49 versus expectations for positive EPS of $0.75, while revenue declined 0.7% year over year. With a P/E ratio near 45, investors may demand continued evidence that the company’s growth recovery can justify its valuation.

Insider Buying and Selling

In related news, insider Josh Silverman sold 134,730 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the transaction, the insider owned 130,694 shares of the company’s stock, valued at approximately $9,003,509.66. This trade represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the stock in a transaction 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 transaction, the director owned 421,329 shares in the company, valued at approximately $35,062,999.38. This trade represents 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. Insiders sold 584,967 shares of company stock worth $43,908,631 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Etsy Price Performance

NYSE:ETSY opened at $80.69 on Friday. The stock’s 50-day moving average is $79.76 and its two-hundred day moving average is $65.19. Etsy Inc has a fifty-two week low of $44.00 and a fifty-two week high of $87.97. The stock has a market cap of $7.66 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 5.56 and a beta of 1.84.

Etsy (NYSE:ETSY) last released its 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 negative return on equity of 34.18% and a net margin of 7.32%.The company had revenue of $668.31 million during the quarter, compared to analysts’ expectations of $646.10 million. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Etsy Inc will post 3.94 earnings per share for the current year.

Etsy Company 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.