12,900 Shares in eToro Group Ltd. $ETOR Acquired by Meitav Investment House Ltd.

Meitav Investment House Ltd. purchased a new position in eToro Group Ltd. (NASDAQ:ETOR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,900 shares of the company’s stock, valued at approximately $387,000.

Several other large investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its stake in shares of eToro Group by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after purchasing an additional 555 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of eToro Group by 23.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,700 shares of the company’s stock valued at $130,000 after acquiring an additional 700 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of eToro Group during the fourth quarter worth about $25,000. Blue Trust Inc. purchased a new position in eToro Group in the fourth quarter valued at about $42,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of eToro Group in the 2nd quarter valued at approximately $184,000.

eToro Group Price Performance

Shares of NASDAQ:ETOR opened at $40.51 on Wednesday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $39.21 and a 200 day simple moving average of $34.44. eToro Group Ltd. has a fifty-two week low of $24.74 and a fifty-two week high of $65.95. The company has a market cap of $3.36 billion, a PE ratio of 16.95, a P/E/G ratio of 0.95 and a beta of 1.64.

eToro Group (NASDAQ:ETOR) last issued 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 company had revenue of $2.44 billion during the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business’s revenue was down 35.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, sell-side analysts anticipate that eToro Group Ltd. will post 2.75 EPS for the current year.

Analyst Upgrades and Downgrades

ETOR has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on shares of eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Needham & Company LLC boosted their target price on shares of eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Susquehanna upped their target price on shares of eToro Group from $55.00 to $57.00 and gave the company a “positive” rating in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods increased their price target on shares of eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $65.00 price target on shares of eToro Group in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, eToro Group currently has a consensus rating of “Moderate Buy” and an average target price of $55.80.

Insider Buying and Selling

In related news, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 296,779 shares in the company, valued at $12,245,101.54. This represents a 25.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hedva Ber sold 55,160 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following the completion of the sale, the chief executive officer directly owned 20,660 shares in the company, valued at $865,654. This represents a 72.75% decrease in their ownership of the stock. 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.