ARK Investment Management LLC Boosts Position in eToro Group Ltd. $ETOR

ARK Investment Management LLC raised its position in eToro Group Ltd. (NASDAQ:ETOR) by 56.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 387,164 shares of the company’s stock after acquiring an additional 139,132 shares during the quarter. ARK Investment Management LLC owned approximately 0.47% of eToro Group worth $15,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of eToro Group by 7.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,270 shares of the company’s stock valued at $341,000 after purchasing an additional 550 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in eToro Group during the second quarter valued at approximately $82,000. Jones Financial Companies Lllp increased its holdings in eToro Group by 194.9% during the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after buying an additional 1,631 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in eToro Group by 88.7% during the third quarter. SBI Securities Co. Ltd. now owns 3,618 shares of the company’s stock valued at $149,000 after buying an additional 1,701 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in eToro Group in the second quarter worth approximately $160,000.

eToro Group Stock Performance

NASDAQ ETOR opened at $32.64 on Thursday. The firm has a market cap of $2.67 billion and a price-to-earnings ratio of 14.70. The company has a quick ratio of 4.63, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $31.23 and a 200-day moving average price of $37.42. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96.

eToro Group (NASDAQ:ETOR) last issued its earnings results on Tuesday, February 17th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.The company had revenue of $3.87 billion for the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ETOR shares. Citigroup cut 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. Canaccord Genuity Group cut their price target on eToro Group from $78.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Mizuho decreased their price objective on eToro Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. UBS Group lowered their price objective on eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Finally, TD Cowen reduced their target price on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.44.

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.