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

Sei Investments Co. acquired a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,873 shares of the company’s stock, valued at approximately $2,579,000. Sei Investments Co. owned approximately 0.10% of eToro Group at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in eToro Group in the 4th quarter worth approximately $43,136,000. Ibex Investors LLC increased its holdings in shares of eToro Group by 1,016.9% in the 4th quarter. Ibex Investors LLC now owns 450,000 shares of the company’s stock worth $15,808,000 after buying an additional 409,711 shares during the last quarter. FJ Capital Management LLC purchased a new stake in shares of eToro Group during the 4th quarter valued at $3,684,000. Monograph Wealth Advisors LLC bought a new stake in shares of eToro Group during the 4th quarter worth $992,000. Finally, SG Americas Securities LLC bought a new stake in shares of eToro Group during the 1st quarter worth $3,192,000.

Wall Street Analysts Forecast Growth

ETOR has been the subject of several research reports. Wall Street Zen raised eToro Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Zacks Research lowered eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group upped their price objective on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Citizens Jmp increased their price objective on eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 13th. Finally, Needham & Company LLC raised their price objective on eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, eToro Group currently has an average rating of “Moderate Buy” and a consensus target price of $55.80.

Insider Buying and Selling

In other news, Director Shalev Eddy sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the transaction, the director owned 296,779 shares in the company, valued at approximately $12,245,101.54. This trade represents a 25.20% 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 hyperlink. Also, CEO Hedva Ber sold 55,160 shares of eToro Group stock in a transaction 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 completion of the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eToro Group Price Performance

ETOR stock opened at $35.24 on Friday. The firm has a market cap of $2.92 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.76 and a beta of 1.68. The firm’s fifty day moving average is $38.36 and its 200 day moving average is $34.91. eToro Group Ltd. has a 52 week low of $24.74 and a 52 week high of $58.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was down 35.0% on a year-over-year basis. Research analysts predict that eToro Group Ltd. will post 2.81 earnings per share for the current year.

eToro Group 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.