Hillman Co. Invests $1.20 Million in eToro Group Ltd. $ETOR

Hillman Co. bought a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,053 shares of the company’s stock, valued at approximately $1,196,000. eToro Group accounts for approximately 0.4% of Hillman Co.’s investment portfolio, making the stock its 13th largest holding.

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

eToro Group Trading Down 0.1%

ETOR opened at $30.01 on Thursday. The stock has a market capitalization of $2.46 billion and a price-to-earnings ratio of 13.52. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a 50-day simple moving average of $29.99 and a 200 day simple moving average of $35.33.

eToro Group (NASDAQ:ETOR) last released its earnings results on Wednesday, February 18th. The company reported $0.71 EPS 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 for the quarter.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ETOR. TD Cowen dropped their price objective on shares of eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. The Goldman Sachs Group decreased their target price on shares of eToro Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $52.00 price target on shares of eToro Group in a research report on Monday, February 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $58.00 price target on shares of eToro Group in a research note on Wednesday, February 18th. Finally, Canaccord Genuity Group reduced their price target 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. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, eToro Group presently has an average rating of “Moderate Buy” and a consensus target price of $57.94.

eToro Group Company 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.