Hillman Co. Buys Shares of 34,053 eToro Group Ltd. $ETOR

Hillman Co. purchased a new stake in eToro Group Ltd. (NASDAQ:ETOR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 34,053 shares of the company’s stock, valued at approximately $1,196,000. eToro Group accounts for about 0.4% of Hillman Co.’s investment portfolio, making the stock its 13th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of ETOR. Newbridge Financial Services Group Inc. acquired a new stake in eToro Group in the second quarter valued at about $82,000. Jones Financial Companies Lllp grew its position in eToro Group by 194.9% in the third quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock valued at $101,000 after acquiring an additional 1,631 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in eToro Group during the second quarter worth about $184,000. KLP Kapitalforvaltning AS bought a new position in shares of eToro Group in the third quarter worth about $124,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of eToro Group in the third quarter worth about $124,000.

Analyst Upgrades and Downgrades

ETOR has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on shares of eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $52.00 target price on shares of eToro Group in a research report on Monday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $58.00 target price on shares of eToro Group in a research note on Wednesday, February 18th. Finally, Bank of America reiterated a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.94.

eToro Group Stock Performance

eToro Group stock opened at $30.01 on Thursday. The business has a 50 day moving average of $29.99 and a 200-day moving average of $35.33. The company has a market capitalization of $2.46 billion and a P/E ratio of 13.52. eToro Group Ltd. has a 1 year low of $24.74 and a 1 year high of $79.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89.

eToro Group (NASDAQ:ETOR) last posted its earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. eToro Group had a net margin of 1.56% and a return on equity of 21.35%. The firm had revenue of $3.87 billion for the quarter.

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.