Landscape Capital Management L.L.C. Invests $6.47 Million in Etsy Inc $ETSY

Landscape Capital Management L.L.C. acquired a new stake in shares of Etsy Inc (NYSE:ETSY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 85,835 shares of the company’s stock, valued at approximately $6,466,000. Landscape Capital Management L.L.C. owned 0.09% of Etsy at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in Etsy by 10.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock worth $88,000 after buying an additional 158 shares in the last quarter. Alamea Verwaltungs GmbH raised its stake in shares of Etsy by 2.3% in the 2nd quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company’s stock valued at $370,000 after buying an additional 169 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Etsy by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company’s stock valued at $419,000 after buying an additional 180 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after buying an additional 200 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Etsy by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company’s stock worth $1,250,000 after acquiring an additional 224 shares during the period. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Etsy Stock Performance

ETSY opened at $80.69 on Friday. The firm’s 50-day simple moving average is $79.76 and its 200-day simple moving average is $65.19. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $87.97. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 5.56 and a beta of 1.84.

Etsy (NYSE:ETSY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($1.24). The firm had revenue of $668.31 million for the quarter, compared to the consensus estimate of $646.10 million. Etsy had a net margin of 7.32% and a negative return on equity of 34.18%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 earnings per share. As a group, sell-side analysts anticipate that Etsy Inc will post 3.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ETSY shares. Jefferies Financial Group lifted their target price on shares of Etsy from $62.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Canaccord Genuity Group set a $92.00 price target on shares of Etsy in a research report on Thursday, August 6th. Wall Street Zen cut shares of Etsy from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Loop Capital set a $105.00 price objective on Etsy in a report on Thursday. Finally, Seaport Research Partners upgraded Etsy to a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $84.68.

Key Stories Impacting Etsy

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.

Insider Activity at Etsy

In other news, insider Josh Silverman sold 6,294 shares of Etsy stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $84.00, for a total value of $528,696.00. Following the completion of the transaction, the insider owned 249,559 shares in the company, valued at approximately $20,962,956. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Charles Baker sold 1,564 shares of Etsy stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $85.88, for a total transaction of $134,316.32. Following the completion of the transaction, the chief financial officer owned 11,357 shares of the company’s stock, valued at $975,339.16. This trade represents a 12.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 584,967 shares of company stock valued at $43,908,631. Insiders own 2.50% of the company’s stock.

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.