Soros Fund Management LLC Acquires New Position in eToro Group Ltd. $ETOR

Soros Fund Management LLC purchased a new stake in eToro Group Ltd. (NASDAQ:ETOR) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 160,000 shares of the company’s stock, valued at approximately $10,654,000. Soros Fund Management LLC owned about 0.20% of eToro Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc acquired a new stake in eToro Group during the 2nd quarter valued at approximately $67,000. Caitong International Asset Management Co. Ltd bought a new position in eToro Group during the second quarter valued at approximately $120,000. SBI Securities Co. Ltd. bought a new position in eToro Group during the second quarter valued at about $128,000. TD Waterhouse Canada Inc. acquired a new position in eToro Group in the 2nd quarter valued at $160,000. Finally, Diametric Capital LP bought a new stake in eToro Group in the 2nd quarter valued at $231,000.

eToro Group Trading Down 3.7%

Shares of ETOR opened at $39.27 on Friday. The firm has a market cap of $3.22 billion and a price-to-earnings ratio of 21.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.76 and a current ratio of 4.63. eToro Group Ltd. has a 52-week low of $32.66 and a 52-week high of $79.96. The business’s fifty day moving average is $39.30 and its 200-day moving average is $49.29.

eToro Group (NASDAQ:ETOR) last posted its earnings results on Monday, November 10th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $214.60 million during the quarter. eToro Group had a return on equity of 25.75% and a net margin of 1.31%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group lowered their price target on eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Susquehanna upgraded shares of eToro Group from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $50.00 to $55.00 in a report on Wednesday, November 12th. Citigroup decreased their price objective on eToro Group from $57.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. UBS Group cut their price target on eToro Group from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Needham & Company LLC cut their price target on shares of eToro Group from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.18.

eToro Group Profile

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