87,900 Shares in eToro Group Ltd. $ETOR Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in eToro Group Ltd. (NASDAQ:ETOR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,900 shares of the company’s stock, valued at approximately $5,853,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in shares of 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 in the second quarter worth about $120,000. Phoenix Financial Ltd. purchased a new position in eToro Group in the second quarter valued at about $248,000. PFG Investments LLC acquired a new stake in eToro Group during the 2nd quarter valued at approximately $278,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in eToro Group during the 2nd quarter worth approximately $289,000.

Wall Street Analysts Forecast Growth

ETOR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of eToro Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday. Compass Point began coverage on shares of eToro Group in a research report on Monday, October 13th. They issued a “buy” rating and a $66.00 target price for the company. Keefe, Bruyette & Woods reduced their price target on shares of eToro Group from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 13th. Bank of America lifted their price target on eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, The Goldman Sachs Group cut their price objective on eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.18.

eToro Group Trading Down 5.0%

Shares of NASDAQ:ETOR opened at $39.26 on Friday. The company has a 50 day moving average price of $40.35. The firm has a market capitalization of $3.22 billion and a price-to-earnings ratio of 31.41. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. eToro Group Ltd. has a 52 week low of $32.66 and a 52 week high of $79.96.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $214.60 million for 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.