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

Capital World Investors boosted its holdings in shares of eToro Group Ltd. (NASDAQ:ETOR) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 900,903 shares of the company’s stock after buying an additional 22,934 shares during the quarter. Capital World Investors owned approximately 1.10% of eToro Group worth $31,649,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in eToro Group during the fourth quarter worth approximately $42,000. Newbridge Financial Services Group Inc. increased its position in eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after buying an additional 555 shares during the last quarter. Jones Financial Companies Lllp increased its position in eToro Group by 194.9% during the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after buying an additional 1,631 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in eToro Group during the second quarter worth approximately $184,000. Finally, Public Employees Retirement System of Ohio acquired a new position in eToro Group during the third quarter worth approximately $124,000.

eToro Group Trading Down 2.4%

Shares of NASDAQ:ETOR opened at $38.17 on Wednesday. eToro Group Ltd. has a 12-month low of $24.74 and a 12-month high of $79.96. The stock has a market cap of $3.16 billion and a PE ratio of 15.97. The business has a 50 day moving average of $36.96 and a 200-day moving average of $34.55. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ETOR. Canaccord Genuity Group reissued a “buy” rating and set a $65.00 price target on shares of eToro Group in a research report on Tuesday. Bank of America restated a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Keefe, Bruyette & Woods boosted their price objective on eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Citizens Jmp boosted their price objective on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. Finally, Needham & Company LLC boosted their price objective on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.80.

Insider Activity at eToro Group

In related news, CEO Hedva Ber sold 55,160 shares of the business’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 completion of the sale, the chief executive officer directly owned 20,660 shares in the company, valued at approximately $865,654. The trade was a 72.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 business’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 sale, the director owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

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.