40,289 Shares in eToro Group Ltd. $ETOR Bought by Ibex Investors LLC

Ibex Investors LLC bought a new stake in shares of eToro Group Ltd. (NASDAQ:ETOR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,289 shares of the company’s stock, valued at approximately $1,663,000. eToro Group makes up approximately 1.4% of Ibex Investors LLC’s portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of ETOR. Balyasny Asset Management L.P. bought a new position in shares of eToro Group during the 2nd quarter valued at about $43,397,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of eToro Group in the second quarter worth about $33,812,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of eToro Group in the second quarter worth about $28,048,000. Nikko Asset Management Americas Inc. bought a new position in eToro Group during the second quarter valued at approximately $27,875,000. Finally, Marshall Wace LLP bought a new position in eToro Group during the second quarter valued at approximately $17,360,000.

Analysts Set New Price Targets

ETOR has been the topic of a number of research reports. Susquehanna raised eToro Group from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $50.00 to $55.00 in a research note on Wednesday, November 12th. The Goldman Sachs Group lowered shares of eToro Group from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Monday, January 5th. Cantor Fitzgerald reduced their price target on shares of eToro Group from $66.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Citigroup lowered their price objective on shares of eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.65.

eToro Group Price Performance

Shares of eToro Group stock opened at $28.28 on Wednesday. The stock has a market cap of $2.32 billion and a price-to-earnings ratio of 15.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.63 and a current ratio of 4.63. The stock has a 50 day moving average price of $33.86 and a 200-day moving average price of $40.19. eToro Group Ltd. has a one year low of $24.74 and a one year high of $79.96.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Monday, November 10th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $214.60 million for the quarter. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.

eToro Group 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.