Altshuler Shaham Ltd Trims Position in eToro Group Ltd. $ETOR

Altshuler Shaham Ltd decreased its position in shares of eToro Group Ltd. (NASDAQ:ETOR) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 345,640 shares of the company’s stock after selling 37,501 shares during the period. Altshuler Shaham Ltd’s holdings in eToro Group were worth $12,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Schonfeld Strategic Advisors LLC purchased a new position in shares of eToro Group during the fourth quarter valued at approximately $3,842,000. Trexquant Investment LP purchased a new position in eToro Group during the fourth quarter worth approximately $5,624,000. Jump Financial LLC purchased a new position in eToro Group during the fourth quarter worth approximately $1,504,000. Price T Rowe Associates Inc. MD raised its stake in eToro Group by 270.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 399,937 shares of the company’s stock worth $14,050,000 after purchasing an additional 291,985 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in eToro Group by 47.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock worth $43,573,000 after purchasing an additional 401,697 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Needham & Company LLC increased their price target on shares of eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $65.00 price target on shares of eToro Group in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods increased their price target on shares of eToro Group from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of eToro Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $52.00 target price on shares of eToro Group in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

eToro Group Price Performance

ETOR opened at $38.45 on Thursday. The company has a fifty day simple moving average of $38.03 and a 200 day simple moving average of $34.53. The firm has a market cap of $3.19 billion and a price-to-earnings ratio of 16.09. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $68.66. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.02.

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 the consensus estimate of $0.70 by $0.21. The company had revenue of $2.44 billion during the quarter. eToro Group had a net margin of 1.90% and a return on equity of 19.79%. eToro Group’s revenue was down 35.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Equities research analysts expect that eToro Group Ltd. will post 2.76 EPS for the current fiscal year.

Insider Activity

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 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 directly owned 20,660 shares in the company, valued at approximately $865,654. The trade was a 72.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 dated Thursday, May 14th. The stock was sold at an average price of $41.26, for a total transaction of $4,126,000.00. Following the sale, the director owned 296,779 shares in the company, valued at $12,245,101.54. This trade represents a 25.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

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.