Renaissance Technologies LLC Boosts eToro Group Holdings
eToro Group Ltd., a global multi-asset brokerage company, has seen its stock purchased by Renaissance Technologies LLC. The institutional investor bought an additional 100,100 shares of eToro's stock during the first quarter, increasing their position in the company by 51.9%. As of the latest filing with the SEC, Renaissance Technologies LLC owned approximately 0.35% of eToro Group Ltd., valued at $8.797 million.
The increase in holdings is part of a larger trend in institutional investors modifying their positions in eToro Group during the first quarter. Arrowstreet Capital Limited Partnership also grew its holdings in shares of eToro Group by 12.2% during this period, while Swiss National Bank increased its position in eToro Group by 9.4%.
eToro Group Ltd. has a market cap of $2.96 billion and a PE ratio of 14.92. The company's stock price opened at $35.67 on Monday, with a 50-day simple moving average of $38.77 and a 200-day simple moving average of $34.77.