eToro Group Ltd. $ETOR Shares Sold by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. reduced its stake in shares of eToro Group Ltd. (NASDAQ:ETOR) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,759 shares of the company’s stock after selling 22,722 shares during the quarter. Amova Asset Management Americas Inc. owned 0.55% of eToro Group worth $13,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ETOR. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of eToro Group in the fourth quarter valued at $43,136,000. Invesco Ltd. boosted its position in shares of eToro Group by 14,120.4% in the 4th quarter. Invesco Ltd. now owns 974,243 shares of the company’s stock worth $34,225,000 after buying an additional 967,392 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of eToro Group by 67.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after buying an additional 683,008 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in eToro Group in the 2nd quarter valued at about $43,397,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in eToro Group during the 2nd quarter valued at about $33,812,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on ETOR shares. Zacks Research cut shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Needham & Company LLC raised their price target on eToro Group from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. 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. Wall Street Zen upgraded eToro Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.80.

Insider Buying and Selling

In other news, Director Shalev Eddy sold 100,000 shares of the business’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 of the company’s stock, valued at $12,245,101.54. The trade was a 25.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $41.90, for a total value of $2,311,204.00. Following 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

eToro Group Trading Up 1.9%

Shares of ETOR opened at $36.68 on Tuesday. The stock has a fifty day moving average of $39.35 and a two-hundred day moving average of $34.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.92 and a current ratio of 3.92. The company has a market capitalization of $3.04 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.64. eToro Group Ltd. has a fifty-two week low of $24.74 and a fifty-two week high of $65.95.

eToro Group (NASDAQ:ETOR) last released its earnings results 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 firm had revenue of $2.44 billion for the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. As a group, analysts forecast that eToro Group Ltd. will post 2.79 EPS for the current year.

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.