TD Asset Management Inc bought a new position in eToro Group Ltd. (NASDAQ:ETOR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 112,620 shares of the company's stock, valued at approximately $7,499,000. TD Asset Management Inc owned approximately 0.14% of eToro Group at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc acquired a new position in shares of eToro Group in the 2nd quarter worth approximately $67,000. PFG Investments LLC acquired a new position in shares of eToro Group in the 2nd quarter worth approximately $278,000. Atria Wealth Solutions Inc. acquired a new position in shares of eToro Group in the 2nd quarter worth approximately $289,000. Meitav Investment House Ltd. acquired a new position in shares of eToro Group in the 2nd quarter worth approximately $366,000. Finally, Hennessy Advisors Inc. acquired a new position in shares of eToro Group in the 2nd quarter worth approximately $999,000.
eToro Group Price Performance
ETOR stock opened at $37.39 on Monday. The company has a fifty day moving average of $43.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76. eToro Group Ltd. has a twelve month low of $37.25 and a twelve month high of $79.96.
eToro Group (NASDAQ:ETOR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.05. The company had revenue of $209.63 million during the quarter, compared to analyst estimates of $194.60 million. eToro Group's quarterly revenue was up 13.3% on a year-over-year basis.
Wall Street Analysts Forecast Growth
ETOR has been the topic of several research reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $78.00 price objective on shares of eToro Group in a report on Thursday, September 11th. Susquehanna reduced their price objective on eToro Group from $70.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Mizuho reduced their price objective on eToro Group from $80.00 to $65.00 and set an "outperform" rating on the stock in a report on Wednesday, October 1st. Citigroup reduced their price objective on eToro Group from $62.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Finally, The Goldman Sachs Group reduced their price objective on eToro Group from $60.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, October 14th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $70.76.
Get Our Latest Analysis on ETOR
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See Also
Want to see what other hedge funds are holding ETOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eToro Group Ltd. (NASDAQ:ETOR - Free Report).
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