FJ Capital Management LLC Acquires New Stake in eToro Group Ltd. $ETOR

FJ Capital Management LLC acquired a new stake in shares of eToro Group Ltd. (NASDAQ:ETORFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 104,861 shares of the company’s stock, valued at approximately $3,684,000.

Other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in eToro Group during the 4th quarter valued at $43,136,000. ARK Investment Management LLC boosted its holdings in eToro Group by 56.1% during the 3rd quarter. ARK Investment Management LLC now owns 387,164 shares of the company’s stock valued at $15,978,000 after acquiring an additional 139,132 shares during the period. Amova Asset Management Americas Inc. boosted its holdings in eToro Group by 24.7% during the 3rd quarter. Amova Asset Management Americas Inc. now owns 523,143 shares of the company’s stock valued at $21,553,000 after acquiring an additional 103,788 shares during the period. Hillman Co. purchased a new position in eToro Group during the 4th quarter valued at $1,196,000. Finally, Exchange Traded Concepts LLC boosted its holdings in eToro Group by 89.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 135,060 shares of the company’s stock valued at $4,745,000 after acquiring an additional 63,669 shares during the period.

Insider Activity

In related news, CEO Hedva Ber sold 55,160 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $41.90, for a total transaction of $2,311,204.00. Following the transaction, the chief executive officer directly owned 20,660 shares of the company’s stock, valued at $865,654. This represents a 72.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.26, for a total value of $4,126,000.00. Following the transaction, the director directly owned 296,779 shares in the company, valued at $12,245,101.54. This represents a 25.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Wall Street Analysts Forecast Growth

ETOR has been the subject of a number of recent analyst reports. TD Cowen boosted their price objective on eToro Group from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Bank of America restated a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. The Goldman Sachs Group upped their target price on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Citizens Jmp upped their target price on eToro Group from $85.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 13th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $52.00 target price 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.80.

View Our Latest Stock Analysis on ETOR

eToro Group Trading Down 1.3%

Shares of NASDAQ ETOR opened at $38.52 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.92. The stock has a market capitalization of $3.19 billion and a P/E ratio of 16.12. eToro Group Ltd. has a 1-year low of $24.74 and a 1-year high of $68.66. The business has a fifty day moving average price of $37.49 and a 200 day moving average price of $34.60.

eToro Group (NASDAQ:ETORGet Free Report) last issued 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 return on equity of 19.79% and a net margin of 1.90%.The firm had revenue of $2.44 billion during the quarter. During the same quarter last year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 35.0% compared to the same quarter last year. Equities research analysts expect that eToro Group Ltd. will post 2.76 EPS for the current fiscal year.

eToro Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for eToro Group (NASDAQ:ETOR)

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