252,000 Shares in eToro Group Ltd. $ETOR Bought by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd bought a new position in eToro Group Ltd. (NASDAQ:ETOR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 252,000 shares of the company’s stock, valued at approximately $16,781,000. eToro Group accounts for about 0.6% of BlueCrest Capital Management Ltd’s portfolio, making the stock its 23rd biggest position. BlueCrest Capital Management Ltd owned about 0.31% of eToro Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETOR. IFP Advisors Inc bought a new stake in eToro Group during the second quarter valued at about $67,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of eToro Group during the 2nd quarter worth about $120,000. SBI Securities Co. Ltd. acquired a new position in shares of eToro Group during the 2nd quarter worth about $128,000. TD Waterhouse Canada Inc. bought a new stake in eToro Group during the 2nd quarter valued at approximately $160,000. Finally, Diametric Capital LP acquired a new stake in eToro Group in the 2nd quarter valued at approximately $231,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on ETOR shares. Compass Point initiated coverage on eToro Group in a report on Monday, October 13th. They set a “buy” rating and a $66.00 price target for the company. Mizuho dropped their target price on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. The Goldman Sachs Group cut 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 note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, November 11th. Finally, Bank of America boosted their price objective on shares of eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, eToro Group has an average rating of “Moderate Buy” and an average target price of $66.18.

eToro Group Stock Down 3.4%

ETOR opened at $37.95 on Friday. The company has a market capitalization of $3.11 billion and a P/E ratio of 20.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.63 and a quick ratio of 3.76. The firm’s fifty day moving average price is $39.24 and its two-hundred day moving average price is $49.21. eToro Group Ltd. has a fifty-two week low of $32.66 and a fifty-two week high of $79.96.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings data on Monday, November 10th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. eToro Group had a net margin of 1.31% and a return on equity of 25.75%. The company had revenue of $214.60 million during the quarter.

About eToro Group

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.