eToro Group Ltd. $ETOR Shares Sold by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. reduced its position in shares of eToro Group Ltd. (NASDAQ:ETOR) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,759 shares of the company’s stock after selling 22,722 shares during the period. Amova Asset Management Americas Inc.’s holdings in eToro Group were worth $13,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ETOR. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of eToro Group in the fourth quarter worth $43,136,000. Hillman Co. bought a new position in eToro Group during the 4th quarter valued at $1,196,000. Exchange Traded Concepts LLC boosted its stake in eToro Group by 89.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 135,060 shares of the company’s stock valued at $4,745,000 after acquiring an additional 63,669 shares during the last quarter. Ibex Investors LLC grew its holdings in eToro Group by 1,016.9% during the 4th quarter. Ibex Investors LLC now owns 450,000 shares of the company’s stock worth $15,808,000 after acquiring an additional 409,711 shares in the last quarter. Finally, FJ Capital Management LLC acquired a new position in eToro Group during the 4th quarter worth $3,684,000.

Insider Activity at eToro Group

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

Wall Street Analyst Weigh In

ETOR has been the topic of several research analyst reports. Susquehanna increased their price target on shares of eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a research report on Wednesday, May 13th. Citizens Jmp boosted their price objective on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a report on Wednesday, May 13th. Jefferies Financial Group upped their price objective on eToro Group from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Needham & Company LLC increased their target price on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group lifted their target price on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Ten investment 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, the company has a consensus rating of “Moderate Buy” and an average target price of $55.80.

eToro Group Stock Performance

Shares of ETOR opened at $36.68 on Tuesday. The firm has a fifty day moving average of $39.35 and a 200-day moving average of $34.59. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.64. 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 1 year low of $24.74 and a 1 year high of $65.95.

eToro Group (NASDAQ:ETOR) last posted its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The firm had revenue of $2.44 billion during the quarter. During the same period in the previous year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was down 35.0% on a year-over-year basis. As a group, equities analysts anticipate that eToro Group Ltd. will post 2.79 earnings per share for the current year.

About eToro Group

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.