Findlay Park Partners LLP Makes New Investment in Etsy Inc $ETSY

Findlay Park Partners LLP purchased a new stake in Etsy Inc (NYSE:ETSY) in the 2nd quarter, Holdings Channel reports. The firm purchased 878,400 shares of the company’s stock, valued at approximately $66,170,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ETSY. Global Retirement Partners LLC purchased a new position in shares of Etsy during the 2nd quarter worth about $34,000. EFG International AG purchased a new stake in Etsy in the fourth quarter valued at approximately $33,000. Danske Bank A S acquired a new position in Etsy during the third quarter worth approximately $66,000. CoreCap Advisors LLC increased its position in Etsy by 2,379.1% during the second quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock worth $80,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ETSY. Wedbush initiated coverage on shares of Etsy in a report on Thursday, July 16th. They issued a “neutral” rating and a $80.00 price target on the stock. Loop Capital set a $105.00 price objective on Etsy in a report on Thursday. Susquehanna lowered Etsy to a “neutral” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Arete Research set a $76.00 price target on Etsy and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.68.

Insider Buying and Selling at Etsy

In related news, insider Richard Edward Colburn III sold 8,252 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $82.09, for a total transaction of $677,406.68. Following the sale, the insider directly owned 6,503 shares of the company’s stock, valued at approximately $533,831.27. This represents a 55.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of Etsy 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 completion of the transaction, the director directly owned 421,329 shares of the company’s stock, valued at approximately $35,062,999.38. This represents a 4.53% decrease in their position. 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. In the last 90 days, insiders sold 584,967 shares of company stock worth $43,908,631. 2.50% of the stock is owned by insiders.

Etsy Trading Down 0.6%

Shares of Etsy stock opened at $80.69 on Friday. The company has a fifty day moving average price of $79.76 and a 200 day moving average price of $65.19. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $87.97. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 5.55 and a beta of 1.84.

Etsy (NYSE:ETSY) last announced its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.75 by ($1.24). The firm had revenue of $668.31 million during the quarter, compared to analysts’ expectations of $646.10 million. Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. Etsy’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. Analysts forecast that Etsy Inc will post 3.94 earnings per share for the current year.

More Etsy News

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.

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.