Latest news with #ETOR
Yahoo
7 days ago
- Business
- Yahoo
Cathie Wood Big Sell-Off: Tesla and Palantir Holdings Dumped
June 3 - Cathie Wood's Ark Invest sold 1,594 shares of Tesla Inc (NASDAQ:TSLA) through its ARK Innovation ETF (ARKK), offloading a position worth $546,247, according to a Monday disclosure. The move comes as Tesla faces growing pressure from Chinese electric-vehicle rivals such as BYD, Li Auto, Nio and Xpeng, which logged strong May delivery figures. Ark Invest also exited 17,467 shares of Palantir Technologies Inc (NASDAQ:PLTR), citing concerns over privacy and data use. The sale, executed via ARKK, netted about $2.31 million after Palantir stock closed at $132.04. Other notable trades included the purchase of 25,447 shares of eToro Group Ltd (NASDAQ:ETOR) and 51,903 shares of Illumina Inc (NASDAQ:ILMN). Ark sold 278,792 shares of Adaptive Biotechnologies Corp (NASDAQ:ADPT) and 55,419 shares of Roblox Corp (RBLX), while acquiring 335,140 shares of 10X Genomics Inc (NASDAQ:TXG) across multiple ETFs. These adjustments highlight Ark's nimble approach as it responds to competitive shifts and privacy debates in the tech and EV sectors. Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $289.20 with a high estimate of $500.00 and a low estimate of $19.05. The average target implies a downside of -15.61% from the current price of $342.69. Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $270.55, suggesting a downside of -21.05% from the current price of $342.69. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Cathie Wood Big Sell-Off: Tesla and Palantir Holdings Dumped
June 3 - Cathie Wood's Ark Invest sold 1,594 shares of Tesla Inc (NASDAQ:TSLA) through its ARK Innovation ETF (ARKK), offloading a position worth $546,247, according to a Monday disclosure. The move comes as Tesla faces growing pressure from Chinese electric-vehicle rivals such as BYD, Li Auto, Nio and Xpeng, which logged strong May delivery figures. Ark Invest also exited 17,467 shares of Palantir Technologies Inc (NASDAQ:PLTR), citing concerns over privacy and data use. The sale, executed via ARKK, netted about $2.31 million after Palantir stock closed at $132.04. Other notable trades included the purchase of 25,447 shares of eToro Group Ltd (NASDAQ:ETOR) and 51,903 shares of Illumina Inc (NASDAQ:ILMN). Ark sold 278,792 shares of Adaptive Biotechnologies Corp (NASDAQ:ADPT) and 55,419 shares of Roblox Corp (RBLX), while acquiring 335,140 shares of 10X Genomics Inc (NASDAQ:TXG) across multiple ETFs. These adjustments highlight Ark's nimble approach as it responds to competitive shifts and privacy debates in the tech and EV sectors. Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $289.20 with a high estimate of $500.00 and a low estimate of $19.05. The average target implies a downside of -15.61% from the current price of $342.69. Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $270.55, suggesting a downside of -21.05% from the current price of $342.69. This article first appeared on GuruFocus.
Yahoo
28-05-2025
- Business
- Yahoo
EToro Adds DOGE, XRP, SHIB and 9 Others in U.S. Crypto Push After Nasdaq Debut
Trading platform eToro (ETOR) has expanded its crypto offerings in the U.S., adding 12 new digital assets including Dogecoin DOGE, Cardano ADA and XRP XRP, the company said Wednesday. The additions bring the total number of cryptocurrencies available to U.S. users to 15. The new tokens also include Aave AAVE, Chainlink LINK, Compound COMP, Ethereum Classic ETC, Litecoin LTC, Uniswap UNI, Stellar XLM, Shiba Inu SHIB, and Yearn Finance YFI. Previously, U.S.-based users could only trade Bitcoin BTC, Bitcoin Cash BCH and Ethereum ETH on the platform. The move is part of eToro's push to widen its footprint in the U.S. market and to meet retail demand and match offerings from larger players like Coinbase (COIN) and Robinhood (HOOD). The announcement comes just weeks after eToro made its public debut on Nasdaq, marking the first U.S. crypto firm to go public after months of trade tensions and shaky markets. Stablecoin issuer Circle, who has long had plans to go public, filed for its initial public offering on Tuesday. Despite the turbulent macro backdrop, eToro's IPO was well-received. The company raised around $310 million, surpassing expectations and signaling investor interest in the combined stock and crypto trading platform model. Shares are modestly lower on Wednesday at $64.15, but remain nicely above the IPO price of $52. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
eToro going public fuels 'cautious optimism' about IPO market
Stock trading app eToro (ETOR) went public, making the fintech company the latest initial public offering (IPO). EquityZen co-founder and chief strategy officer Phil Haslett joins Morning Brief with Madison Mills and Brad Smith to take a closer look at the IPO market. Check out Yahoo Finance's interview with eToro co-founder and CEO Yoni Assia here. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Warren Buffett has a surprising advice for eToro's CEO
Legendary billionaire investor Warren Buffett, who recently stepped down as Berkshire Hathaway CEO after 60 years of service, is well-known for influencing a generation of entrepreneurs such as Microsoft founder Bill Gates and Pershing Square founder Bill Ackman. Often referred to as the "Oracle of Omaha,' Buffett's sage advice is paid heed to by the younger generations of CEOs as well. Yoni Assia, founder and CEO of the Israel-based trading and investment firm eToro (Nasdaq: ETOR), recently revealed that it was Berkshire Hathaway founder who "actually convinced" him to focus more on stocks and less on crypto. Assia made the revelation while speaking on CNBC's 'Squawk Box' on May 15, a day after eToro made its Nasdaq debut. Buffett's dislike of crypto is public knowledge, as he once referred to Bitcoin as 'probably rat poison squared' and another time called it a 'gambling token.' Understandably, Berkshire Hathaway has never invested in crypto. During the interview, the eToro CEO said that the firm was very early to crypto. In fact, it was the first regulated company in Europe to launch crypto trading, he said. Assia also reflected on the decision to pull back from the plan to go public in 2011 and said it was a lesson, as he learned that it was important for a company to become profitable before going public. It was therefore the right decision to wait longer in order to become profitable to go public now, he added. "Nobody doubts that crypto is here to stay," Assia underlined. He further claimed that while crypto accounted for 25% of the company's revenue last year, stocks accounted for 75% of the revenue. ETOR made its Nasdaq debut on May 14 with the IPO price of $52 a share but opened at $69.69 before surging to $74.28. The stock was trading at $64.40 at the time of writing, down 3.83% since the last day's close.
