Harel Insurance Investments & Financial Services Ltd. Makes New $43.14 Million Investment in eToro Group Ltd. $ETOR

Key Points

• Harel Insurance Investments & Financial Services Ltd. bought 1,227,898 shares of eToro Group (ETOR) in Q4 — roughly $43.14 million — representing about 1.50% of the company at the reporting date.
• Multiple other large institutions (including Balyasny, Adage, UBS, Capital World Investors and Invesco) also initiated or increased positions in ETOR, signaling broad institutional accumulation.
• eToro recently beat quarterly EPS estimates ($0.71 vs. $0.60) on $3.87 billion revenue; the company has a market cap of ~$3.22 billion and a PE of 17.5, with analysts holding an average rating of "Moderate Buy" and a $54.56 average price target.

Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of eToro Group Ltd. (NASDAQ:ETOR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,227,898 shares of the company's stock, valued at approximately $43,136,000. Harel Insurance Investments & Financial Services Ltd. owned 1.50% of eToro Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ETOR. Balyasny Asset Management L.P. acquired a new stake in shares of eToro Group during the 2nd quarter worth approximately $43,397,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of eToro Group during the 2nd quarter worth about $33,812,000. UBS Group AG boosted its stake in shares of eToro Group by 136.6% during the 3rd quarter. UBS Group AG now owns 534,375 shares of the company's stock worth $22,054,000 after acquiring an additional 308,525 shares in the last quarter. Capital World Investors boosted its stake in shares of eToro Group by 49.3% during the 3rd quarter. Capital World Investors now owns 877,969 shares of the company's stock worth $36,234,000 after acquiring an additional 289,719 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of eToro Group during the 2nd quarter worth about $15,392,000.

eToro Group Stock Up 1.6%

ETOR opened at $38.91 on Wednesday. eToro Group Ltd. has a twelve month low of $24.74 and a twelve month high of $79.96. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $32.46 and a 200 day moving average price of $34.26. The company has a market cap of $3.22 billion and a PE ratio of 17.53.

eToro Group (NASDAQ:ETOR - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, topping 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 during the quarter. Sell-side analysts expect that eToro Group Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America reissued a "neutral" rating on shares of eToro Group in a research note on Wednesday, February 18th. Jefferies Financial Group increased their target price on shares of eToro Group from $48.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, April 6th. Keefe, Bruyette & Woods assumed coverage on shares of eToro Group in a research note on Wednesday, April 8th. They set a "market perform" rating and a $35.00 target price on the stock. The Goldman Sachs Group lowered 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 note on Thursday, March 26th. Finally, Mizuho lowered their target price on shares of eToro Group from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, January 16th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.56.

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.

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