Mill Creek Capital Advisors LLC Makes New Investment in eToro Group Ltd. $ETOR

Mill Creek Capital Advisors LLC purchased a new position in eToro Group Ltd. (NASDAQ:ETOR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 123,644 shares of the company’s stock, valued at approximately $4,344,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETOR. Russell Investments Group Ltd. purchased a new position in eToro Group in the 2nd quarter worth approximately $669,000. Invesco Ltd. purchased a new position in eToro Group in the 2nd quarter worth approximately $15,392,000. Nebula Research & Development LLC purchased a new position in eToro Group in the 2nd quarter worth approximately $272,000. Squarepoint Ops LLC purchased a new position in eToro Group in the 2nd quarter worth approximately $1,270,000. Finally, Raymond James Financial Inc. purchased a new position in eToro Group in the 2nd quarter worth approximately $1,333,000.

Insiders Place Their Bets

In related news, Director Shalev Eddy sold 100,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the completion of the sale, the director directly owned 296,779 shares in the company, valued at $12,245,101.54. This represents a 25.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the sale, the chief executive officer owned 20,660 shares of the company’s stock, valued at $865,654. This represents a 72.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eToro Group Stock Performance

Shares of ETOR opened at $38.52 on Monday. The firm has a market cap of $3.19 billion and a price-to-earnings ratio of 16.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92. eToro Group Ltd. has a fifty-two week low of $24.74 and a fifty-two week high of $68.66. The firm has a 50 day moving average price of $37.49 and a 200-day moving average price of $34.57.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $2.44 billion during the quarter. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was down 35.0% compared to the same quarter last year. As a group, equities research analysts forecast that eToro Group Ltd. will post 2.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ETOR shares. The Goldman Sachs Group boosted their price objective on shares of eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Susquehanna boosted their price objective on shares of eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a report on Wednesday, May 13th. Canaccord Genuity Group restated a “buy” rating and issued a $65.00 price objective on shares of eToro Group in a report on Tuesday, June 9th. TD Cowen boosted 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. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $52.00 price objective on shares of eToro Group in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, eToro Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

eToro Group 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.