Greenwich Wealth Management LLC Makes New $3.39 Million Investment in eToro Group Ltd. $ETOR

Greenwich Wealth Management LLC acquired a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,500 shares of the company’s stock, valued at approximately $3,390,000. Greenwich Wealth Management LLC owned 0.12% of eToro Group at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ETOR. Russell Investments Group Ltd. acquired a new stake in eToro Group during the 2nd quarter worth about $669,000. Invesco Ltd. acquired a new stake in eToro Group during the 2nd quarter worth about $15,392,000. Nebula Research & Development LLC acquired a new stake in eToro Group during the 2nd quarter worth about $272,000. Squarepoint Ops LLC acquired a new stake in eToro Group during the 2nd quarter worth about $1,270,000. Finally, Raymond James Financial Inc. acquired a new stake in eToro Group during the 2nd quarter worth about $1,333,000.

eToro Group Stock Down 2.4%

Shares of ETOR stock opened at $40.68 on Wednesday. The stock’s 50 day simple moving average is $35.81 and its 200 day simple moving average is $34.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a market capitalization of $3.37 billion and a price-to-earnings ratio of 17.02.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business had revenue of $2.44 billion for the quarter. During the same period in the previous year, the business posted $0.69 earnings per share. The firm’s revenue was down 35.0% on a year-over-year basis. As a group, research analysts predict that eToro Group Ltd. will post 2.76 EPS for the current year.

Insider Buying and Selling

In related news, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following the transaction, the chief executive officer directly owned 20,660 shares of the company’s stock, valued at approximately $865,654. This trade represents a 72.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the completion of the transaction, the director directly owned 296,779 shares in the company, valued at $12,245,101.54. The trade was a 25.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Susquehanna lifted their price target on eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a report on Wednesday, May 13th. Bank of America reiterated a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Canaccord Genuity Group reduced their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Citizens Jmp lifted their price target on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a report on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, eToro Group has a consensus rating of “Moderate Buy” and a consensus price target of $56.56.

eToro Group Company Profile

eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.

A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.