Exchange Traded Concepts LLC Has $4.75 Million Stock Holdings in eToro Group Ltd. $ETOR

Exchange Traded Concepts LLC increased its position in shares of eToro Group Ltd. (NASDAQ:ETOR) by 89.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,060 shares of the company’s stock after acquiring an additional 63,669 shares during the period. Exchange Traded Concepts LLC owned about 0.16% of eToro Group worth $4,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in eToro Group in the third quarter valued at about $264,000. XTX Topco Ltd purchased a new stake in shares of eToro Group during the 3rd quarter worth about $1,752,000. Qube Research & Technologies Ltd acquired a new stake in shares of eToro Group during the 3rd quarter valued at about $2,591,000. Public Employees Retirement System of Ohio acquired a new stake in shares of eToro Group during the 3rd quarter valued at about $124,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of eToro Group in the 3rd quarter valued at approximately $1,169,000.

eToro Group Stock Down 0.5%

Shares of ETOR stock opened at $28.90 on Tuesday. The stock’s 50 day simple moving average is $30.02 and its 200 day simple moving average is $35.47. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.89 and a current ratio of 4.89. The company has a market capitalization of $2.37 billion and a price-to-earnings ratio of 13.02.

eToro Group (NASDAQ:ETOR) last announced its earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. eToro Group had a return on equity of 21.35% and a net margin of 1.56%.The firm had revenue of $3.87 billion during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ETOR shares. The Goldman Sachs Group dropped their price objective on eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $52.00 target price on shares of eToro Group in a research note on Monday, February 23rd. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Needham & Company LLC restated a “buy” rating and set a $58.00 price target on shares of eToro Group in a report on Wednesday, February 18th. Finally, TD Cowen reduced their price objective on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.94.

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.