Sei Investments Co. Invests $2.58 Million in eToro Group Ltd. $ETOR

Sei Investments Co. purchased a new stake in shares of eToro Group Ltd. (NASDAQ:ETOR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 85,873 shares of the company’s stock, valued at approximately $2,579,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in eToro Group in the 2nd quarter worth approximately $669,000. Invesco Ltd. purchased a new position in shares of eToro Group during the second quarter valued at approximately $15,392,000. Nebula Research & Development LLC bought a new position in shares of eToro Group during the second quarter valued at approximately $272,000. Squarepoint Ops LLC bought a new position in shares of eToro Group during the second quarter valued at approximately $1,270,000. Finally, Raymond James Financial Inc. purchased a new stake in eToro Group in the second quarter worth $1,333,000.

Insider Transactions at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the completion of the transaction, the chief executive officer owned 20,660 shares of the company’s stock, valued at approximately $865,654. This trade represents a 72.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 eToro Group stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the transaction, the director owned 296,779 shares of the company’s stock, valued at $12,245,101.54. The trade was a 25.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

eToro Group Price Performance

ETOR opened at $35.24 on Friday. 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 $2.92 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.68. The stock has a fifty day simple moving average of $38.36 and a two-hundred day simple moving average of $34.91. eToro Group Ltd. has a 12-month low of $24.74 and a 12-month high of $58.82.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The firm had revenue of $2.44 billion for the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. The business’s quarterly revenue was down 35.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Research analysts predict that eToro Group Ltd. will post 2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ETOR. Susquehanna raised their target price 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. Needham & Company LLC boosted their price target on shares of eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Keefe, Bruyette & Woods raised their price objective on shares of eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen raised eToro Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.80.

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.