Etsy (NYSE:ETSY) Insider Richard Edward Colburn III Sells 4,776 Shares of Stock

Etsy Inc (NYSE:ETSY) insider Richard Edward Colburn III sold 4,776 shares of Etsy stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $65.09, for a total transaction of $310,869.84. Following the completion of the sale, the insider owned 6,503 shares of the company’s stock, valued at approximately $423,280.27. The trade was a 42.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Etsy Price Performance

Shares of NYSE:ETSY opened at $62.92 on Wednesday. The company has a 50 day moving average price of $55.69. The company has a market capitalization of $5.97 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 5.71 and a beta of 1.89. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $76.51.

Etsy (NYSE:ETSY) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. The business had revenue of $881.64 million for the quarter. Etsy had a net margin of 9.94% and a negative return on equity of 28.60%. As a group, sell-side analysts predict that Etsy Inc will post 3.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ETSY shares. Cantor Fitzgerald lifted their price objective on shares of Etsy from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. B. Riley Financial cut shares of Etsy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $70.00 to $75.00 in a research note on Thursday, April 30th. Canaccord Genuity Group lifted their price objective on shares of Etsy from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, BTIG Research lifted their price objective on shares of Etsy from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nineteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.09.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 beat and improving fundamentals: Etsy reported stronger-than-expected Q1 revenue and a return to net income, with active buyers rising — concrete evidence the marketplace is recovering and supporting the recent rerating. Read More.
• Positive Sentiment: Strategic simplification (Depop sale) and buybacks: Management’s plan to divest non-core assets and continue share repurchases is being framed as a return-to-core strategy that could boost margins and valuation. Read More.
• Positive Sentiment: New distribution channel — ChatGPT app launch: Etsy launched a native app inside ChatGPT to let shoppers browse its 100M+ listings via AI chat, which could increase discovery and sales ahead of high-volume shopping windows. Read More.
• Positive Sentiment: Analyst sentiment shifting constructive: Upgrades and higher fair-value targets from some analysts reflect growing confidence in the turnaround and margin trajectory. Read More.
• Neutral Sentiment: Seller tools & AI adoption: Etsy is expanding AI tools for sellers to improve listings and efficiency — supports long-term supply-side health but impact on near-term GMV is uncertain. Read More.
• Neutral Sentiment: Positive consumer/brand stories (visibility): Lifestyle pieces and SEO/marketing guides increase consumer and seller engagement but are incremental. Read More.
• Negative Sentiment: Insider selling: Several insiders have sold material positions recently (including CEO Josh Silverman under a 10b5-1 plan, the CFO and another executive). While filings show planned/required sales, the size and timing can spook some investors. Read More. Read More. Read More.
• Negative Sentiment: Policy controversy — fur ban and Indigenous sellers: Reports that Etsy’s fur ban may disproportionately affect Alaska Native artists raise reputational and regulatory risks that could attract scrutiny or seller pushback. Read More.

Institutional Trading of Etsy

A number of hedge funds and other institutional investors have recently modified their holdings of ETSY. Lone Pine Capital LLC bought a new stake in shares of Etsy during the third quarter worth $257,614,000. SG Americas Securities LLC grew its stake in shares of Etsy by 717.7% during the first quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock worth $74,829,000 after buying an additional 1,314,071 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Etsy by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 4,111,639 shares of the company’s stock worth $227,785,000 after buying an additional 1,177,301 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Etsy by 1,648.1% during the third quarter. Allianz Asset Management GmbH now owns 706,679 shares of the company’s stock worth $46,916,000 after buying an additional 666,253 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Etsy during the fourth quarter worth $33,903,000. Institutional investors own 99.53% of the company’s stock.

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.