22,486 Shares in Etsy Inc $ETSY Purchased by Rare Wolf Capital LLC

Rare Wolf Capital LLC purchased a new stake in Etsy Inc (NYSE:ETSY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,486 shares of the company’s stock, valued at approximately $1,247,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETSY. Massachusetts Financial Services Co. MA lifted its holdings in shares of Etsy by 33.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 187,028 shares of the company’s stock worth $10,369,000 after purchasing an additional 47,105 shares during the period. Lone Pine Capital LLC acquired a new position in Etsy in the 3rd quarter valued at $257,614,000. Crossmark Global Holdings Inc. increased its stake in Etsy by 338.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock valued at $5,738,000 after buying an additional 79,888 shares during the period. Picton Mahoney Asset Management raised its position in Etsy by 30.5% during the 3rd quarter. Picton Mahoney Asset Management now owns 95,008 shares of the company’s stock worth $6,307,000 after buying an additional 22,229 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. raised its position in Etsy by 100.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $4,657,000 after buying an additional 42,000 shares during the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ETSY. Raymond James Financial downgraded shares of Etsy from an “outperform” rating to an “outperform” rating in a report on Thursday, May 21st. Needham & Company LLC lifted their price objective on Etsy from $65.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Cantor Fitzgerald boosted their target price on Etsy from $51.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Evercore set a $72.00 target price on Etsy in a research note on Wednesday, April 29th. Finally, Roth Mkm began coverage on Etsy in a report on Thursday, May 21st. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.00.

Etsy Stock Up 1.6%

Shares of NYSE ETSY opened at $74.03 on Friday. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 2.90 and a beta of 1.88. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $76.51. The firm has a 50-day moving average price of $63.69 and a 200 day moving average price of $57.71.

Insider Activity at Etsy

In other news, insider Richard Edward Colburn III sold 4,776 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $65.09, for a total transaction of $310,869.84. Following the sale, the insider owned 6,503 shares of the company’s stock, valued at $423,280.27. The trade was a 42.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Charles Baker sold 2,030 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $63.50, for a total value of $128,905.00. Following the completion of the sale, the chief financial officer owned 6,913 shares in the company, valued at approximately $438,975.50. This represents a 22.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 553,988 shares of company stock valued at $37,027,108 in the last 90 days. Insiders own 2.50% of the company’s stock.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy received a notable upgrade from Zacks Research, which moved the stock from hold to strong-buy, adding to bullish sentiment around the name. Zacks upgrade reference
• Positive Sentiment: The company launched its “Shop Other Jeffs” campaign ahead of Amazon Prime Day, a high-visibility marketing effort that could boost brand awareness and drive traffic to Etsy sellers. Article title
• Positive Sentiment: The campaign is getting broad media attention, which may help Etsy stay top-of-mind with shoppers during a key retail event period. Article title
• Neutral Sentiment: Recent articles noted Etsy’s strong short-term stock performance, but several pieces were primarily valuation commentary rather than new business catalysts. Article title
• Neutral Sentiment: Another valuation-focused report argued Etsy could be overvalued, reflecting debate over whether the recent rally has outpaced fundamentals. Article title
• Negative Sentiment: CEO Josh Silverman sold 50,000 shares, and a second filing showed an additional 52,479 shares sold, which can weigh on sentiment even though both trades were made under a pre-arranged 10b5-1 plan. SEC filing

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.