Harel Insurance Investments & Financial Services Ltd. Has $59.72 Million Stock Holdings in eToro Group Ltd. $ETOR

Harel Insurance Investments & Financial Services Ltd. increased its position in eToro Group Ltd. (NASDAQ:ETORFree Report) by 61.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,988,552 shares of the company’s stock after acquiring an additional 760,654 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in eToro Group were worth $59,716,000 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. Caitong International Asset Management Co. Ltd bought a new position in shares of eToro Group during the 4th quarter worth about $25,000. Blue Trust Inc. bought a new stake in shares of eToro Group in the fourth quarter valued at about $42,000. Newbridge Financial Services Group Inc. grew its position in eToro Group by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,785 shares of the company’s stock worth $74,000 after buying an additional 555 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in eToro Group during the second quarter worth about $184,000. Finally, Public Employees Retirement System of Ohio bought a new position in eToro Group during the third quarter valued at about $124,000.

Insider Buying and Selling

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 20,660 shares in the company, valued at $865,654. This trade represents a 72.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 firm’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 transaction, the director directly owned 296,779 shares of the company’s stock, valued at $12,245,101.54. This represents a 25.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Wall Street Analysts Forecast Growth

ETOR has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on eToro Group from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. TD Cowen lifted their price target on shares of eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. The Goldman Sachs Group boosted their price target on shares of eToro Group from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Citizens Jmp increased their price objective on shares of eToro Group from $85.00 to $90.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised shares of eToro Group from a “hold” rating to a “buy” rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $55.80.

View Our Latest Analysis on eToro Group

eToro Group Stock Down 0.2%

Shares of NASDAQ:ETOR opened at $38.14 on Wednesday. eToro Group Ltd. has a 52 week low of $24.74 and a 52 week high of $65.95. 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 $3.16 billion, a PE ratio of 15.96, a PEG ratio of 0.83 and a beta of 1.64. The company has a 50 day moving average price of $39.45 and a two-hundred day moving average price of $34.55.

eToro Group (NASDAQ:ETORGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.The business had revenue of $2.44 billion for the quarter. During the same quarter last year, the firm earned $0.69 EPS. The company’s revenue for the quarter was down 35.0% on a year-over-year basis. Analysts forecast that eToro Group Ltd. will post 2.79 earnings per share for the current 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.

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

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