23,800 Shares in eToro Group Ltd. $ETOR Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in eToro Group Ltd. (NASDAQ:ETOR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 23,800 shares of the company’s stock, valued at approximately $939,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in eToro Group in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its holdings in eToro Group by 365.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 926 shares of the company’s stock worth $28,000 after buying an additional 727 shares during the last quarter. State of Wyoming boosted its position in shares of eToro Group by 180.0% during the 1st quarter. State of Wyoming now owns 1,932 shares of the company’s stock worth $58,000 after acquiring an additional 1,242 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of eToro Group by 45.1% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after acquiring an additional 555 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in eToro Group by 2,128.3% in the fourth quarter. Parallel Advisors LLC now owns 4,011 shares of the company’s stock valued at $141,000 after purchasing an additional 3,831 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Mizuho decreased their price objective on shares of eToro Group from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, August 12th. Citizens Jmp upped their target price on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods dropped their price target on eToro Group from $45.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 12th. Finally, Needham & Company LLC reduced their price objective on eToro Group from $66.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.12.

eToro Group Stock Performance

Shares of ETOR stock opened at $30.60 on Thursday. The stock’s 50-day moving average price is $34.44 and its 200 day moving average price is $35.15. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2.54 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64. eToro Group Ltd. has a 52-week low of $24.74 and a 52-week high of $46.28.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, August 11th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $1.59 billion for the quarter. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.The company’s revenue for the quarter was down 23.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. As a group, equities research analysts forecast that eToro Group Ltd. will post 2.56 EPS for the current year.

Insider Buying and Selling at eToro Group

In other eToro Group news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $31.20, for a total value of $3,120,000.00. Following the transaction, the director directly owned 196,779 shares of the company’s stock, valued at approximately $6,139,504.80. The trade was a 33.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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.