Whetstone Capital Advisors LLC Buys 51,197 Shares of eToro Group Ltd. $ETOR

Whetstone Capital Advisors LLC boosted its stake in eToro Group Ltd. (NASDAQ:ETOR) by 36.8% during the second quarter, Holdings Channel reports. The institutional investor owned 190,284 shares of the company’s stock after buying an additional 51,197 shares during the period. eToro Group comprises approximately 2.0% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Whetstone Capital Advisors LLC’s holdings in eToro Group were worth $7,511,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in eToro Group by 61.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,988,552 shares of the company’s stock worth $59,716,000 after acquiring an additional 760,654 shares during the last quarter. California State Teachers Retirement System grew its position in shares of eToro Group by 12,484.5% in the second quarter. California State Teachers Retirement System now owns 1,929,333 shares of the company’s stock valued at $76,151,000 after purchasing an additional 1,914,002 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of eToro Group by 67.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,695,702 shares of the company’s stock worth $59,571,000 after purchasing an additional 683,008 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in eToro Group by 47.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,240,339 shares of the company’s stock worth $43,573,000 after purchasing an additional 401,697 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in eToro Group by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,017,374 shares of the company’s stock valued at $30,552,000 after purchasing an additional 110,998 shares during the period.

eToro Group Stock Performance

NASDAQ:ETOR opened at $30.60 on Thursday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.74 and a beta of 1.64. eToro Group Ltd. has a fifty-two week low of $24.74 and a fifty-two week high of $46.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.02. The stock has a fifty day moving average price of $34.44 and a 200-day moving average price of $35.15.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $1.59 billion for the quarter. eToro Group had a return on equity of 20.26% and a net margin of 2.17%.The firm’s revenue for the quarter was down 23.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. As a group, equities analysts anticipate that eToro Group Ltd. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ETOR. Weiss Ratings cut eToro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. KeyCorp started coverage on shares of eToro Group in a research note on Tuesday, September 1st. They issued an “overweight” rating and a $45.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of eToro Group from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday. TD Cowen cut their price objective on shares of eToro Group from $55.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, UBS Group decreased their target price on shares of eToro Group from $50.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, eToro Group has a consensus rating of “Moderate Buy” and an average target price of $50.12.

Insider Buying and Selling

In other news, Director Shalev Eddy sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $31.20, for a total value of $3,120,000.00. Following the completion of the transaction, the director directly owned 196,779 shares in the company, valued at approximately $6,139,504.80. The trade was a 33.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.