III Capital Management Acquires Shares of 20,000 Etsy Inc $ETSY

III Capital Management acquired a new stake in shares of Etsy Inc (NYSE:ETSY) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $1,109,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EFG International AG bought a new position in Etsy during the fourth quarter valued at $33,000. Danske Bank A S bought a new position in Etsy during the third quarter valued at $66,000. Federation des caisses Desjardins du Quebec grew its holdings 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 valued at $67,000 after purchasing an additional 225 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in Etsy during the fourth quarter valued at $79,000. Finally, LSV Asset Management bought a new position in Etsy during the third quarter valued at $86,000. 99.53% of the stock is owned by institutional investors.

Etsy Price Performance

NYSE:ETSY opened at $72.62 on Thursday. The company has a market cap of $6.89 billion, a P/E ratio of 30.26, a P/E/G ratio of 2.92 and a beta of 1.88. The stock’s fifty day moving average price is $63.28 and its two-hundred day moving average price is $57.57. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $76.51.

Insider Buying and Selling

In other Etsy news, insider Josh Silverman sold 52,479 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $74.00, for a total transaction of $3,883,446.00. Following the sale, the insider owned 130,694 shares in the company, valued at $9,671,356. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Charles Baker sold 2,030 shares of the stock in a transaction 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 $438,975.50. This trade 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. In the last ninety days, insiders have sold 553,988 shares of company stock worth $37,027,108. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

ETSY has been the subject of several research reports. Evercore set a $72.00 price objective on Etsy in a report on Wednesday, April 29th. Roth Mkm initiated coverage on Etsy in a report on Thursday, May 21st. They set a “buy” rating for the company. Barclays increased their price objective on Etsy from $72.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Stifel Nicolaus dropped their target price on Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Finally, Susquehanna downgraded Etsy to a “neutral” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.00.

Key Stories Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy was added to the Zacks Rank #1 “Strong Buy” list, and Zacks also upgraded the stock from hold to strong-buy, which can support bullish sentiment around the name. Zacks upgrade reference
• Positive Sentiment: The company launched a new “Shop Other Jeffs” campaign aimed at competing with Amazon ahead of Prime Day, highlighting Etsy sellers and generating fresh attention for the marketplace. Article title
• Positive Sentiment: Media coverage around Etsy’s anti-Amazon ad push suggests the campaign may be resonating and could help drive shopper engagement during a key retail event period. Article title
• Neutral Sentiment: Several articles pointed to Etsy’s recent stock momentum and relative outperformance over the past six months, but these pieces were more commentary than new catalysts.
• Negative Sentiment: CEO Josh Silverman sold a total of about 102,479 shares in two transactions at prices near the current trading range. Although the sales were made under a pre-arranged Rule 10b5-1 plan, insider selling can still pressure sentiment. SEC filing
• Negative Sentiment: One report highlighted Etsy sellers struggling to recover from tariff-related pressures, a reminder that trade policy and costs may still weigh on marketplace activity. Article title

Etsy 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.