Healthcare of Ontario Pension Plan Trust Fund Invests $1.14 Million in eToro Group Ltd. $ETOR

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) in the 1st quarter, Holdings Channel reports. The fund bought 37,922 shares of the company’s stock, valued at approximately $1,139,000.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on eToro Group from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, April 6th. The Goldman Sachs Group increased their price objective on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Wall Street Zen raised eToro Group from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Canaccord Genuity Group reissued a “buy” rating and issued a $65.00 target price on shares of eToro Group in a research report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.80.

eToro Group Stock Down 1.3%

NASDAQ ETOR opened at $35.67 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 $2.96 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.77 and a beta of 1.64. The company has a 50 day moving average of $38.77 and a 200-day moving average of $34.75. eToro Group Ltd. has a 1-year low of $24.74 and a 1-year high of $63.58.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business had revenue of $2.44 billion for the quarter. During the same period in the prior year, the company earned $0.69 EPS. The company’s quarterly revenue was down 35.0% compared to the same quarter last year. On average, equities research analysts expect that eToro Group Ltd. will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at eToro Group

In related news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hedva Ber sold 55,160 shares of the company’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 of the company’s stock, valued at $865,654. This represents a 72.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.