Greenwich Wealth Management LLC Makes New Investment in eToro Group Ltd. $ETOR

Greenwich Wealth Management LLC purchased a new position in eToro Group Ltd. (NASDAQ:ETOR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 96,500 shares of the company’s stock, valued at approximately $3,390,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. increased its position in eToro Group by 45.1% in the 3rd 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 during the period. Blue Trust Inc. bought a new position in eToro Group in the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp increased its position in eToro Group by 194.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,468 shares of the company’s stock worth $101,000 after buying an additional 1,631 shares during the period. SBI Securities Co. Ltd. increased its position in eToro Group by 88.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,618 shares of the company’s stock worth $149,000 after buying an additional 1,701 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in eToro Group by 100.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 5,000 shares of the company’s stock worth $195,000 after buying an additional 2,500 shares during the period.

eToro Group Price Performance

Shares of ETOR stock opened at $40.68 on Wednesday. The stock’s fifty day simple moving average is $35.81 and its 200 day simple moving average is $34.57. 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 firm has a market cap of $3.37 billion and a price-to-earnings ratio of 17.02. eToro Group Ltd. has a one year low of $24.74 and a one year high of $79.96.

eToro Group (NASDAQ:ETOR) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. The business had revenue of $2.44 billion for the quarter. eToro Group had a return on equity of 19.79% and a net margin of 1.90%.eToro Group’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. On average, analysts expect that eToro Group Ltd. will post 2.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a research report on Wednesday, February 18th. The Goldman Sachs Group lifted their price objective on eToro Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. TD Cowen lifted their price objective on eToro Group from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Susquehanna lifted their price objective on eToro Group from $55.00 to $57.00 and gave the stock a “positive” rating in a report on Wednesday, May 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $52.00 price objective on shares of eToro Group in a report on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.56.

Insider Buying and Selling at eToro Group

In other eToro Group news, CEO Hedva Ber sold 55,160 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 20,660 shares of the company’s stock, valued at approximately $865,654. The trade was a 72.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.26, for a total value of $4,126,000.00. Following the completion of the transaction, the director directly owned 296,779 shares in the company, valued at approximately $12,245,101.54. This represents a 25.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

About eToro Group

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.