Jupiter Asset Management Ltd. Takes $23.19 Million Position in Etsy, Inc. $ETSY

Jupiter Asset Management Ltd. bought a new stake in Etsy, Inc. (NASDAQ:ETSY) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 349,234 shares of the specialty retailer’s stock, valued at approximately $23,186,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors grew its position in Etsy by 476.5% during the second quarter. Heritage Wealth Advisors now owns 490 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 405 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Etsy during the 2nd quarter worth about $35,000. Employees Retirement System of Texas acquired a new stake in shares of Etsy during the 2nd quarter valued at about $47,000. SJS Investment Consulting Inc. increased its stake in shares of Etsy by 12,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 756 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Etsy in the 3rd quarter worth about $51,000. 99.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Merilee Buckley sold 5,636 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $58.45, for a total transaction of $329,424.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Josh Silverman sold 21,666 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $53.26, for a total value of $1,153,931.16. Following the completion of the sale, the insider directly owned 90,661 shares of the company’s stock, valued at approximately $4,828,604.86. This represents a 19.29% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 135,934 shares of company stock valued at $7,661,068. 2.80% of the stock is owned by corporate insiders.

Etsy Stock Up 8.4%

Etsy stock opened at $52.20 on Friday. The company has a fifty day simple moving average of $55.62 and a 200-day simple moving average of $59.45. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 10.65 and a beta of 1.77. Etsy, Inc. has a 52-week low of $40.05 and a 52-week high of $76.51.

Etsy announced that its Board of Directors has initiated a share repurchase program on Thursday, December 18th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 14.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Sale of Depop to eBay for $1.2 billion in cash — provides >$1B of immediate liquidity, lets Etsy refocus on its core marketplace and was the main fundamental catalyst for the move higher. TechCrunch: Etsy sells Depop to eBay
• Positive Sentiment: Q4 beat on EPS and return to slight year-over-year GMS growth — Etsy topped EPS estimates and showed early stabilization in buyer engagement, helping investors look past near-term margin pressure. PR Newswire: Etsy Q4 and FY2025 results
• Positive Sentiment: Selected bullish analyst moves (Truist raise to $83, Needham buy maintained) give headline upside narratives that supported momentum for some buyers. Benzinga: analyst coverage
• Positive Sentiment: Wider market catalyst — a Supreme Court ruling that lifted e‑commerce names provided an additional short‑term bid to Etsy along with peers. CNBC: e‑commerce stocks pop after Supreme Court ruling
• Neutral Sentiment: Technical factors — elevated short interest amplified the rally (short squeeze component), so part of the move appears driven by positioning rather than new fundamentals. Benzinga: short interest note
• Neutral Sentiment: UBS and other cautious notes: some analysts view the Depop divestiture as improving profitability but still flag modest GMS growth and a valuation reset — a watch‑and‑wait stance. TipRanks: UBS commentary
• Negative Sentiment: Multiple analyst price‑target cuts and downgrades (JPMorgan, Wells Fargo, Morgan Stanley, Stifel, Cantor Fitzgerald and others) signal medium‑term caution on growth and valuation — these offsets could cap upside without clearer margin/GMS improvement. MarketScreener: analyst cuts
• Negative Sentiment: Mixed fundamentals and margin pressure — revenue roughly inline but profit and operating metrics showed strain, supporting views that a valuation reset may be underway. WSJ: profit vs revenue note
• Negative Sentiment: Insider sale disclosed (director sold 300 shares) — small in dollar terms but sometimes noted by traders as a modest negative signal. SEC Form 4: director sale

Analysts Set New Price Targets

Several analysts have commented on the company. The Goldman Sachs Group raised their price objective on Etsy from $48.00 to $57.00 and gave the company a “sell” rating in a report on Thursday, October 30th. Citigroup reissued a “buy” rating on shares of Etsy in a research note on Tuesday, December 30th. Evercore cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Stifel Nicolaus decreased their price objective on shares of Etsy from $62.00 to $55.00 and set a “hold” rating on the stock in a report on Friday. Finally, Jefferies Financial Group cut their target price on shares of Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.12.

About Etsy

Etsy, Inc (NASDAQ: ETSY) operates a global e-commerce marketplace focused on handmade, vintage and unique goods. The platform connects individual artisans, small businesses and collectors with buyers seeking one-of-a-kind items, ranging from handcrafted jewelry and clothing to home décor and art supplies. Etsy’s revenue is primarily generated through listing fees, transaction fees on sales and optional seller services such as advertising and shipping labels.

Founded in 2005 and headquartered in Brooklyn, New York, Etsy has cultivated a community-driven ethos, encouraging sustainable practices and personal entrepreneurship.