Capital World Investors Has $31.65 Million Stock Position in eToro Group Ltd. $ETOR

Capital World Investors raised its position in shares of eToro Group Ltd. (NASDAQ:ETOR) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900,903 shares of the company’s stock after purchasing an additional 22,934 shares during the period. Capital World Investors’ holdings in eToro Group were worth $31,649,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ETOR. Russell Investments Group Ltd. acquired a new position in eToro Group during the second quarter valued at approximately $669,000. Invesco Ltd. acquired a new position in eToro Group during the second quarter valued at approximately $15,392,000. Nebula Research & Development LLC acquired a new position in eToro Group during the second quarter valued at approximately $272,000. Squarepoint Ops LLC acquired a new position in eToro Group during the second quarter valued at approximately $1,270,000. Finally, Raymond James Financial Inc. acquired a new position in eToro Group during the second quarter valued at approximately $1,333,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America restated a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. TD Cowen boosted their price objective on shares of eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. The Goldman Sachs Group boosted their price objective on shares of eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of eToro Group from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, Citizens Jmp upped their price target on shares of eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, eToro Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.80.

Insider Buying and Selling at eToro Group

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

eToro Group Stock Down 2.4%

Shares of NASDAQ:ETOR opened at $38.17 on Wednesday. The company has a fifty day moving average of $36.96 and a 200-day moving average of $34.55. The company has a market capitalization of $3.16 billion and a PE ratio of 15.97. 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 52-week low of $24.74 and a 52-week high of $79.96.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.21. The company had revenue of $2.44 billion during the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The firm’s quarterly revenue was down 35.0% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. On average, equities analysts predict that eToro Group Ltd. will post 2.76 EPS for the current fiscal year.

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.