Sumitomo Mitsui Trust Group Inc. Takes $28.05 Million Position in eToro Group Ltd. $ETOR

Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of eToro Group Ltd. (NASDAQ:ETOR) during the 2nd quarter, Holdings Channel reports. The firm acquired 421,205 shares of the company’s stock, valued at approximately $28,048,000.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in shares of eToro Group during the second quarter valued at about $67,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of eToro Group during the second quarter valued at about $120,000. Phoenix Financial Ltd. acquired a new stake in shares of eToro Group in the 2nd quarter worth about $248,000. PFG Investments LLC acquired a new stake in shares of eToro Group in the 2nd quarter worth about $278,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of eToro Group in the 2nd quarter worth about $289,000.

eToro Group Stock Performance

Shares of ETOR stock opened at $39.02 on Wednesday. eToro Group Ltd. has a 52-week low of $37.25 and a 52-week high of $79.96. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $42.31. The company has a market cap of $3.20 billion and a P/E ratio of 31.22.

eToro Group (NASDAQ:ETOR) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $209.63 million during the quarter, compared to the consensus estimate of $194.60 million. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $78.00 target price on shares of eToro Group in a report on Thursday, September 11th. Mizuho lowered their target price on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Needham & Company LLC lowered their target price on shares of eToro Group from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Susquehanna lowered their target price on shares of eToro Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, July 18th. Finally, Citigroup lowered their target price on shares of eToro Group from $62.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.76.

eToro Group Profile

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