SG Americas Securities LLC Makes New Investment in eToro Group Ltd. $ETOR

SG Americas Securities LLC purchased a new stake in eToro Group Ltd. (NASDAQ:ETOR) in the 1st quarter, Holdings Channel reports. The firm purchased 106,299 shares of the company’s stock, valued at approximately $3,192,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of eToro Group in the fourth quarter worth approximately $43,136,000. Invesco Ltd. raised its stake in eToro Group by 14,120.4% during the fourth quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after purchasing an additional 967,392 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of eToro Group by 67.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock valued at $59,571,000 after purchasing an additional 683,008 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of eToro Group in the 2nd quarter valued at $43,397,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of eToro Group during the 2nd quarter valued at $33,812,000.

Analyst Upgrades and Downgrades

ETOR has been the topic of several research reports. Wall Street Zen lowered eToro Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Keefe, Bruyette & Woods boosted their price target on eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group restated a “buy” rating and set a $65.00 price target on shares of eToro Group in a research note on Tuesday, June 9th. TD Cowen raised their price objective on eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, The Goldman Sachs Group lifted their price objective on eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.80.

Insider Transactions at eToro Group

In related news, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the sale, the chief executive officer directly owned 20,660 shares in the company, valued at approximately $865,654. This trade represents a 72.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $41.26, for a total value of $4,126,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing.

eToro Group Stock Performance

Shares of ETOR stock opened at $39.47 on Wednesday. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.27 billion and a PE ratio of 16.51. The company’s fifty day simple moving average is $38.90 and its 200-day simple moving average is $34.31. eToro Group Ltd. has a 52 week low of $24.74 and a 52 week high of $65.95.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping 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 last year, the company posted $0.69 earnings per share. The firm’s revenue for the quarter was down 35.0% on a year-over-year basis. As a group, equities research analysts anticipate that eToro Group Ltd. will post 2.75 EPS for the current year.

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.