Lobbying Update: $250,000 of ETSY lobbying was just disclosed

$250,000 of ETSY lobbying was just disclosed, from Q4 of 2024, in a new Lobbying Disclosure Act filing.

This included lobbying on issues like:

"Advocated for appropriate funding and sensible electrification of USPS fleet to ensure this vital service remains affordable, sustainable and reliable for Etsy sellers.
Issues related to enabling small and microbusinesses to export their goods, including de minimis customs exemptions, trade facilitation, simplification and harmonization of customs and duties requirements, and digital trade issues that enable platforms to offer services globally, such as intermediary liability protections and digital service taxes.
Advocated for tax simplification and meaningful exemptions for small and micro businesses and opportunities to build greater economic and financial security for the self employed. New 1099K reporting requirements and implications for the self-employed and micro businesses: SNOOP Act of 2023 (S. 26); Saving Gig Economy Taxpayers Act (H.R. 190); SNOOP Act of 2023 (H.R. 488); and S1761 Red Tape Reduction Act of 2023.
Supported efforts to provide portable benefits to independent workers and the self-employed. Promoted caregiving provisions including paid family and medical leave, paid parental leave, an expanded child tax credit and access to affordable childcare.
N/A
Advocated on issues related to third party marketplace liability, copyright and trademark infringement and issues related to intermediary liability. Shared information on Section 512 of the DMCA and opportunities to improve protections for small creators. Raised concerns for how S. 2934: SHOP SAFE Act of 2023 would negatively impact small creators.
Section 230 of the Communications Decency Act and online child safety. Shared relevant information with policy makers about Etsys approach to setting and enforcing policies, as well as content moderation tools and strategies, to inform policy discussions related to platform responsibility and liability to include: S.1199 STOP CSAM ACT of 2023; S.1207 - EARN IT Act of 2023; HR.7891 - KOSA; HR.7890 COPPA
Supported efforts to ensure microbusinesses and businesses operated by women, indigenous community members, and people of color were had access to affordable childcare, an expanded child tax credit, paid parental leave, paid family and medical leave, portable benefits and expanded EITC.
Shared relevant information with policy makers about Etsy's approach to setting and enforcing trust and safety policies, to inform policy discussions related to platform responsibility, the sale of counterfeit products on third party marketplaces and product liability. S. 1421 Country of Origin Online Labeling Act.
Bolster policy efforts to enhance the creative economy and development of jobs in the arts by supporting artists, entrepreneurs and workers in their businesses, accessing federal resources and funding, and by expanding their networks with local communities."

You can find more data on corporate lobbying on Quiver Quantitative.

ETSY Insider Trading Activity

ETSY insiders have traded $ETSY stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.

Here’s a breakdown of recent trading of $ETSY stock by insiders over the last 6 months:

• MERILEE BUCKLEY (CHIEF ACCOUNTING OFFICER) has made 0 purchases and 5 sales selling 6,302 shares for an estimated $340,588.
• NICHOLAS DANIEL (CHIEF PRODUCT OFFICER) has made 0 purchases and 12 sales selling 6,000 shares for an estimated $327,848.
• TONI THOMPSON NADAL (CHIEF HUMAN RESOURCES OFFICER) has made 0 purchases and 3 sales selling 4,416 shares for an estimated $241,447.
• ANDY BALLARD sold 1,860 shares for an estimated $100,147
• RACHANA KUMAR (CHIEF TECHNOLOGY OFFICER) has made 0 purchases and 3 sales selling 1,250 shares for an estimated $75,041.
• MARLA J BLOW has made 0 purchases and 3 sales selling 950 shares for an estimated $49,794.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

ETSY Hedge Fund Activity

We have seen 225 institutional investors add shares of ETSY stock to their portfolio, and 334 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• BLACKROCK, INC. added 5,047,194 shares (+49.8%) to their portfolio in Q3 2024, for an estimated $280,270,682
• IMPACTIVE CAPITAL LP added 4,042,525 shares (+1151.3%) to their portfolio in Q3 2024, for an estimated $224,481,413
• ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 3,875,890 shares (+inf%) to their portfolio in Q3 2024, for an estimated $215,228,171
• PACER ADVISORS, INC. added 3,861,668 shares (+183.9%) to their portfolio in Q3 2024, for an estimated $214,438,424
• VAN ECK ASSOCIATES CORP removed 2,758,433 shares (-47.9%) from their portfolio in Q3 2024, for an estimated $153,175,784
• INVESCO LTD. removed 2,448,392 shares (-88.1%) from their portfolio in Q3 2024, for an estimated $135,959,207
• MARSHALL WACE, LLP removed 1,398,264 shares (-99.7%) from their portfolio in Q3 2024, for an estimated $77,645,599

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.