Y Intercept Hong Kong Ltd Makes New $2.69 Million Investment in eToro Group Ltd. $ETOR

Y Intercept Hong Kong Ltd bought a new position in eToro Group Ltd. (NASDAQ:ETOR) during the first quarter, HoldingsChannel.com reports. The fund bought 89,653 shares of the company’s stock, valued at approximately $2,692,000.

Several other large investors have also recently modified their holdings of ETOR. Russell Investments Group Ltd. bought a new position in eToro Group in the 2nd quarter worth about $669,000. Invesco Ltd. bought a new stake in eToro Group during the 2nd quarter valued at about $15,392,000. Nebula Research & Development LLC purchased a new position in eToro Group in the second quarter worth about $272,000. Squarepoint Ops LLC bought a new position in shares of eToro Group in the second quarter worth approximately $1,270,000. Finally, Raymond James Financial Inc. bought a new position in shares of eToro Group in the second quarter worth approximately $1,333,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Susquehanna raised their price target on shares of eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research report on Wednesday, May 13th. Needham & Company LLC upped their price objective on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group reiterated a “buy” rating and set a $65.00 target price on shares of eToro Group in a research note on Tuesday, June 9th. The Goldman Sachs Group lifted their target price on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group boosted their price target on eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. One 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 company’s stock. According to MarketBeat.com, eToro Group presently has an average rating of “Moderate Buy” and a consensus price target of $55.80.

eToro Group Stock Down 1.9%

ETOR opened at $40.51 on Wednesday. The firm’s 50 day simple moving average is $39.21 and its two-hundred day simple moving average is $34.44. The company has a market capitalization of $3.36 billion, a PE ratio of 16.95, a PEG ratio of 0.95 and a beta of 1.64. eToro Group Ltd. has a 1-year low of $24.74 and a 1-year high of $65.95. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The firm had revenue of $2.44 billion during the quarter. During the same quarter last year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 35.0% on a year-over-year basis. As a group, equities analysts forecast that eToro Group Ltd. will post 2.75 EPS for the current year.

Insider Activity

In other news, Director Shalev Eddy sold 100,000 shares of eToro Group stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the transaction, the director directly owned 296,779 shares of the company’s stock, valued at $12,245,101.54. The trade was a 25.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hedva Ber sold 55,160 shares of the firm’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 transaction of $2,311,204.00. Following the sale, the chief executive officer owned 20,660 shares in the company, valued at approximately $865,654. The trade was a 72.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.