VELA Investment Management LLC Makes New $1.11 Million Investment in Etsy Inc $ETSY

VELA Investment Management LLC purchased a new position in Etsy Inc (NYSE:ETSY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 20,075 shares of the company’s stock, valued at approximately $1,113,000.

A number of other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its stake in Etsy by 21.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 430,824 shares of the company’s stock worth $28,602,000 after purchasing an additional 75,295 shares during the period. Allianz Asset Management GmbH boosted its stake in Etsy by 1,648.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 706,679 shares of the company’s stock worth $46,916,000 after purchasing an additional 666,253 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Etsy by 33.7% during the 4th 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 stake in shares of Etsy in the 3rd quarter worth $257,614,000. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Etsy in the 3rd quarter worth $1,889,000. Institutional investors own 99.53% of the company’s stock.

Etsy Price Performance

Shares of NYSE ETSY 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 company has a 50-day moving average of $55.48. The firm has a market capitalization of $5.99 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 9.47 and a beta of 1.90.

Etsy (NYSE:ETSY) last announced its quarterly earnings data 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 firm had revenue of $881.64 million during the quarter. Research analysts forecast that Etsy Inc will post 3.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Etsy in a research note on Monday, April 20th. Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. BTIG Research increased their price target on shares of Etsy from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Guggenheim increased their price target on shares of Etsy from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Truist Financial increased their price target on shares of Etsy from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus price target of $70.09.

More Etsy News

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

Insider Activity at Etsy

In related news, insider Josh Silverman sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $65.00, for a total value of $4,550,000.00. Following the completion of the transaction, the insider directly owned 130,694 shares of the company’s stock, valued at $8,495,110. This trade represents a 34.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Andrew Ballard sold 1,790 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $55.74, for a total value of $99,774.60. Following the completion of the transaction, the director directly owned 4,006 shares of the company’s stock, valued at $223,294.44. The trade was a 30.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 205,079 shares of company stock valued at $12,768,270 in the last ninety days. Corporate insiders own 2.80% of the company’s stock.

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.