Tudor Investment Corp ET AL Has $4.47 Million Stock Position in eToro Group Ltd. $ETOR

Tudor Investment Corp ET AL cut its stake in eToro Group Ltd. (NASDAQ:ETOR) by 47.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,259 shares of the company’s stock after selling 99,474 shares during the period. Tudor Investment Corp ET AL owned 0.13% of eToro Group worth $4,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETOR. American Century Companies Inc. bought a new stake in shares of eToro Group in the 2nd quarter valued at $6,665,000. Federated Hermes Inc. bought a new position in eToro Group during the second quarter worth $11,320,000. Norges Bank bought a new position in eToro Group during the second quarter worth $16,315,000. Farther Finance Advisors LLC acquired a new position in eToro Group in the third quarter valued at $1,996,000. Finally, Ibex Investors LLC acquired a new position in eToro Group in the third quarter valued at $1,663,000.

eToro Group Stock Up 1.2%

Shares of NASDAQ ETOR opened at $29.70 on Thursday. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.43 billion and a PE ratio of 13.38. The company’s fifty day simple moving average is $30.14 and its 200 day simple moving average is $35.86. eToro Group Ltd. has a 12-month low of $24.74 and a 12-month high of $79.96.

eToro Group (NASDAQ:ETOR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. eToro Group had a net margin of 1.56% and a return on equity of 21.35%. The firm had revenue of $3.87 billion during the quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $52.00 price target on shares of eToro Group in a research report on Monday, February 23rd. Bank of America reissued a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Canaccord Genuity Group cut their target price on eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $58.00 target price on shares of eToro Group in a research note on Wednesday, February 18th. Finally, Zacks Research downgraded eToro Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, eToro Group currently has an average rating of “Moderate Buy” and an average price target of $58.44.

eToro Group 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.