Ibex Investors LLC Purchases 409,711 Shares of eToro Group Ltd. $ETOR

Ibex Investors LLC grew its position in shares of eToro Group Ltd. (NASDAQ:ETOR) by 1,016.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 450,000 shares of the company’s stock after purchasing an additional 409,711 shares during the quarter. eToro Group accounts for 11.1% of Ibex Investors LLC’s holdings, making the stock its 4th largest holding. Ibex Investors LLC’s holdings in eToro Group were worth $15,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. Capital World Investors boosted its stake in shares of eToro Group by 2.6% during the 4th quarter. Capital World Investors now owns 900,903 shares of the company’s stock worth $31,649,000 after purchasing an additional 22,934 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of eToro Group in the fourth quarter worth approximately $460,000. Parallel Advisors LLC boosted its position in shares of eToro Group by 2,128.3% in the fourth quarter. Parallel Advisors LLC now owns 4,011 shares of the company’s stock worth $141,000 after acquiring an additional 3,831 shares during the last quarter. TD Asset Management Inc boosted its position in shares of eToro Group by 49.3% in the fourth quarter. TD Asset Management Inc now owns 47,726 shares of the company’s stock worth $1,677,000 after acquiring an additional 15,767 shares during the last quarter. Finally, Greenwich Wealth Management LLC acquired a new stake in shares of eToro Group in the fourth quarter worth approximately $3,390,000.

eToro Group Stock Performance

NASDAQ ETOR opened at $38.23 on Monday. The company’s fifty day simple moving average is $36.60 and its 200-day simple moving average is $34.55. eToro Group Ltd. has a 52 week low of $24.74 and a 52 week high of $79.96. 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 stock has a market cap of $3.17 billion and a P/E ratio of 16.00.

eToro Group (NASDAQ:ETOR) last posted its earnings results on Tuesday, May 12th. The company reported $0.91 EPS 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 business had revenue of $2.44 billion for the quarter. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was down 35.0% on a year-over-year basis. Equities research analysts predict that eToro Group Ltd. will post 2.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ETOR shares. Canaccord Genuity Group reduced their price target on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Citizens Jmp lifted their price target on shares of eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group lifted their price target on shares of eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. TD Cowen lifted their price target on shares of eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen raised shares of eToro Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, eToro Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.56.

Insiders Place Their Bets

In related news, CEO Hedva Ber sold 55,160 shares of eToro Group stock in a transaction on Monday, June 1st. The shares were 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 owned 20,660 shares in the company, valued at approximately $865,654. The trade was a 72.75% decrease in their ownership of the stock. The sale was disclosed in a filing 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 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 sale, the director owned 296,779 shares of the company’s stock, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their position. The disclosure for this sale is available in the SEC filing.

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.