SG Americas Securities LLC Invests $484,000 in eToro Group Ltd. $ETOR

SG Americas Securities LLC purchased a new stake in shares of eToro Group Ltd. (NASDAQ:ETOR) during the 2nd quarter, HoldingsChannel reports. The firm purchased 7,270 shares of the company’s stock, valued at approximately $484,000.

A number of other large investors have also modified their holdings of the company. Guild Investment Management Inc. purchased a new stake in shares of eToro Group during the second quarter worth about $1,468,000. TD Asset Management Inc acquired a new stake in eToro Group in the 2nd quarter worth about $7,499,000. Teacher Retirement System of Texas purchased a new stake in eToro Group during the 2nd quarter worth approximately $1,332,000. ARK Investment Management LLC acquired a new position in shares of eToro Group during the second quarter valued at approximately $16,516,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of eToro Group during the second quarter valued at approximately $5,853,000.

eToro Group Trading Up 5.2%

Shares of ETOR opened at $41.98 on Thursday. The firm has a 50-day moving average of $39.40. eToro Group Ltd. has a 12-month low of $32.66 and a 12-month high of $79.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. The stock has a market cap of $3.44 billion and a price-to-earnings ratio of 22.69.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Monday, November 10th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $214.60 million for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ETOR. Mizuho dropped their price target on eToro Group from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, November 11th. Susquehanna raised shares of eToro Group from a “neutral” rating to a “positive” rating and raised their price target for the stock from $50.00 to $55.00 in a research note on Wednesday, November 12th. The Goldman Sachs Group dropped their price objective on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded shares of eToro Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.18.

About eToro Group

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.