Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Position in eToro Group Ltd. $ETOR

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of eToro Group Ltd. (NASDAQ:ETOR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 87,900 shares of the company’s stock, valued at approximately $5,853,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of eToro Group as of its most recent filing with the Securities & Exchange Commission.

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

eToro Group Stock Down 5.0%

eToro Group stock opened at $39.26 on Friday. The stock has a market cap of $3.22 billion and a price-to-earnings ratio of 31.41. eToro Group Ltd. has a 52 week low of $32.66 and a 52 week high of $79.96. The stock has a 50-day simple moving average of $40.35. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.09.

eToro Group (NASDAQ:ETOR) last released its quarterly earnings results on Monday, November 10th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $214.60 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research upgraded eToro Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. Mizuho dropped their price objective on shares of eToro Group from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Bank of America upped their price objective on shares of eToro Group from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday. Needham & Company LLC lowered their target price on shares of eToro Group from $76.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price target on shares of eToro Group from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.18.

eToro Group Company Profile

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.