Pathway Capital Management LP Takes $1.20 Million Position in eToro Group Ltd. $ETOR

Pathway Capital Management LP bought a new stake in shares of eToro Group Ltd. (NASDAQ:ETOR) in the 4th quarter, HoldingsChannel.com reports. The fund bought 34,031 shares of the company’s stock, valued at approximately $1,196,000. eToro Group accounts for approximately 15.3% of Pathway Capital Management LP’s holdings, making the stock its 4th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of eToro Group during the 4th quarter valued at approximately $43,136,000. Capital World Investors increased its holdings in shares of eToro Group by 49.3% during the 3rd quarter. Capital World Investors now owns 877,969 shares of the company’s stock valued at $36,234,000 after purchasing an additional 289,719 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of eToro Group during the 2nd quarter valued at approximately $43,397,000. Wellington Management Group LLP increased its holdings in shares of eToro Group by 11.0% during the 3rd quarter. Wellington Management Group LLP now owns 555,601 shares of the company’s stock valued at $22,930,000 after purchasing an additional 55,195 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of eToro Group by 136.6% during the 3rd quarter. UBS Group AG now owns 534,375 shares of the company’s stock valued at $22,054,000 after purchasing an additional 308,525 shares in the last quarter.

eToro Group Trading Down 2.9%

Shares of ETOR opened at $37.61 on Wednesday. eToro Group Ltd. has a 52-week low of $24.74 and a 52-week high of $79.96. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $33.16 and its two-hundred day moving average is $34.25. The stock has a market cap of $3.12 billion and a PE ratio of 16.94.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Tuesday, May 12th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.21. eToro Group had a net margin of 1.56% and a return on equity of 21.35%. The company had revenue of $2.44 billion for the quarter. During the same period last year, the firm earned $0.69 EPS. The company’s revenue for the quarter was down 35.0% compared to the same quarter last year. Research analysts forecast that eToro Group Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citizens Jmp dropped their price target on shares of eToro Group from $90.00 to $85.00 and set a “market outperform” rating on the stock in a research note on Friday, April 10th. Bank of America reissued a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Needham & Company LLC reissued a “buy” rating and issued a $58.00 price target on shares of eToro Group in a research note on Wednesday, February 18th. The Goldman Sachs Group dropped their price target on shares of eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of eToro Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $35.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.56.

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.