eToro Group Ltd. $ETOR Shares Acquired by Capital World Investors

Capital World Investors increased its stake in shares of eToro Group Ltd. (NASDAQ:ETOR) by 49.3% during the 3rd quarter, Holdings Channel reports. The fund owned 877,969 shares of the company’s stock after purchasing an additional 289,719 shares during the quarter. Capital World Investors’ holdings in eToro Group were worth $36,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ETOR. Newbridge Financial Services Group Inc. acquired a new position in eToro Group in the second quarter valued at approximately $82,000. SBI Securities Co. Ltd. purchased a new position in shares of eToro Group during the 2nd quarter valued at approximately $128,000. Jones Financial Companies Lllp increased its holdings in shares of eToro Group by 194.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after purchasing an additional 1,631 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of eToro Group in the 2nd quarter valued at $160,000. Finally, BNP Paribas Financial Markets purchased a new stake in eToro Group during the second quarter worth $184,000.

eToro Group Trading Down 3.0%

ETOR stock opened at $29.98 on Friday. eToro Group Ltd. has a 12-month low of $24.74 and a 12-month high of $79.96. The business’s 50-day moving average is $30.72 and its 200 day moving average is $36.89. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.46 billion and a price-to-earnings ratio of 13.50.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, February 17th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $3.87 billion during the quarter. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.

Wall Street Analysts Forecast Growth

ETOR has been the topic of several analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $52.00 price target on shares of eToro Group in a research report on Monday, February 23rd. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Canaccord Genuity Group lowered their target price on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. TD Cowen dropped their target price on eToro Group from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of eToro Group in a report on Monday. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.44.

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.