Renaissance Technologies LLC Acquires 100,100 Shares of eToro Group Ltd. $ETOR

Renaissance Technologies LLC boosted its holdings in eToro Group Ltd. (NASDAQ:ETOR) by 51.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 292,950 shares of the company’s stock after acquiring an additional 100,100 shares during the quarter. Renaissance Technologies LLC’s holdings in eToro Group were worth $8,797,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ETOR. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group during the fourth quarter valued at about $25,000. Blue Trust Inc. purchased a new position in eToro Group in the fourth quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. lifted its position in shares of eToro Group by 45.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock valued at $74,000 after buying an additional 555 shares during the last quarter. State of Wyoming lifted its holdings in eToro Group by 180.0% during the first quarter. State of Wyoming now owns 1,932 shares of the company’s stock valued at $58,000 after purchasing an additional 1,242 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in eToro Group in the 2nd quarter worth approximately $184,000.

eToro Group Stock Performance

Shares of ETOR opened at $35.67 on Monday. eToro Group Ltd. has a 52 week low of $24.74 and a 52 week high of $63.58. The business’s 50 day moving average price is $38.77 and its 200-day moving average price is $34.77. The stock has a market cap of $2.96 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.77 and a beta of 1.68. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.02.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating 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 during the quarter. During the same quarter in the prior year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was down 35.0% compared to the same quarter last year. Equities research analysts anticipate that eToro Group Ltd. will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 20,660 shares of the company’s stock, valued at approximately $865,654. The trade was a 72.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the business’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 of the company’s stock, valued at approximately $12,245,101.54. This trade represents a 25.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Analyst Ratings Changes

Several brokerages have commented on ETOR. Keefe, Bruyette & Woods raised their target price on eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. TD Cowen lifted their price objective on shares of eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Zacks Research lowered eToro Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Needham & Company LLC upped their price target on shares of eToro Group from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, 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 note on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.80.

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.