Caitong International Asset Management Co. Ltd Takes $120,000 Position in eToro Group Ltd. $ETOR

Caitong International Asset Management Co. Ltd acquired a new stake in shares of eToro Group Ltd. (NASDAQ:ETOR) during the 2nd quarter, Holdings Channel reports. The firm acquired 1,803 shares of the company’s stock, valued at approximately $120,000.

Several other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc acquired a new position in shares of eToro Group during the second quarter valued at about $67,000. Phoenix Financial Ltd. bought a new stake in shares of eToro Group during the second quarter worth about $248,000. PFG Investments LLC bought a new stake in shares of eToro Group during the second quarter worth about $278,000. Atria Wealth Solutions Inc. bought a new stake in shares of eToro Group during the second quarter worth about $289,000. Finally, Meitav Investment House Ltd. bought a new stake in shares of eToro Group during the second quarter worth about $366,000.

eToro Group Stock Up 3.2%

Shares of ETOR stock opened at $39.27 on Friday. eToro Group Ltd. has a 52-week low of $37.25 and a 52-week high of $79.96. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $42.57.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $209.63 million during the quarter, compared to the consensus estimate of $194.60 million. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ETOR shares. Susquehanna decreased their target price on shares of eToro Group from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, July 18th. Needham & Company LLC decreased their target price on shares of eToro Group from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Zacks Research raised shares of eToro Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. The Goldman Sachs Group decreased their target price on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, Citigroup decreased their target price on shares of eToro Group from $62.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.76.

eToro Group Profile

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