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

Tudor Investment Corp ET AL decreased its position in shares of eToro Group Ltd. (NASDAQ:ETOR) by 47.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 108,259 shares of the company’s stock after selling 99,474 shares during the period. Tudor Investment Corp ET AL’s holdings in eToro Group were worth $4,468,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Balyasny Asset Management L.P. acquired a new stake in eToro Group in the 2nd quarter valued at $43,397,000. Adage Capital Partners GP L.L.C. acquired a new position in eToro Group during the second quarter worth $33,812,000. Nikko Asset Management Americas Inc. bought a new position in shares of eToro Group in the second quarter valued at $27,875,000. UBS Group AG lifted its stake in shares of eToro Group by 136.6% in the third quarter. UBS Group AG now owns 534,375 shares of the company’s stock valued at $22,054,000 after buying an additional 308,525 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of eToro Group by 49.3% during the third quarter. Capital World Investors now owns 877,969 shares of the company’s stock valued at $36,234,000 after buying an additional 289,719 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on ETOR shares. Zacks Research downgraded shares of eToro Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of eToro Group in a research report on Monday, March 9th. TD Cowen cut their price target on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Mizuho decreased their price objective on eToro Group from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Bank of America reissued a “neutral” rating on shares of eToro Group in a research note on Wednesday, February 18th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.44.

eToro Group Stock Performance

NASDAQ ETOR opened at $29.70 on Thursday. The company has a fifty day moving average price of $30.14 and a 200-day moving average price of $35.86. The firm has a market cap of $2.43 billion and a price-to-earnings ratio of 13.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.89 and a quick ratio of 4.89. eToro Group Ltd. has a 1 year low of $24.74 and a 1 year high of $79.96.

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

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.