Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Interactive Brokers Group Inc. shares valued at $1,174,000 were sold by Peterffy Thomas on Jul 29. At $58.70 per share, Peterffy Thomas sold 20,000 shares. The insider’s holdings dropped to 1,587,511 shares worth approximately $104.74 million following the completion of this transaction.
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Also, Peterffy Thomas sold 20,000 shares, netting a total of over 1,149,400 in proceeds. Following the sale of shares at $57.47 each, the insider now holds 1,607,511 shares.
Before that, Peterffy Thomas had sold 20,000 shares from its account. In a trade valued at $1,135,420, the Chairman traded Interactive Brokers Group Inc. shares for $56.77 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $107.38 million.
As published in their initiating research note from Barclays on August 31, 2022, Interactive Brokers Group Inc. [IBKR] has been an Overweight and the price target has been revised to $77. This represents a 14.31% premium over Thursday’s closing price. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of January 19, 2022, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for IBKR. Earlier on December 16, 2021, BofA Securities initiated its rating. Their recommendation was “a Buy” for IBKR stock.
Analyzing IBKR’s Price Performance
On Thursday, Interactive Brokers Group Inc. [NASDAQ: IBKR] plunged -1.43% to $65.98. The stock’s lowest price that day was $65.75, but it reached a high of $67.74 in the same session. During the last five days, there has been a drop of approximately -5.39%. Over the course of the year, Interactive Brokers Group Inc. shares have dropped approximately -16.92%. Shares of the company reached a 52-week high of $80.96 on 01/04/22 and a 52-week low of $52.18 on 05/12/22. A 50-day SMA is recorded $62.27, while a 200-day SMA reached $64.57. Nevertheless, trading volume fell to 1.08 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Interactive Brokers Group Inc. (IBKR)
According to the 24-hour chart, there is a support level at 65.24, which, if violated, would cause prices to drop to 64.50. In the upper region, resistance lies at 67.23. The next price resistance is at 68.48. RSI (Relative Strength Index) is 51.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 51.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Interactive Brokers Group Inc. subject to short interest?
Stocks of Interactive Brokers Group Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.59 million shares to 2.37 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.96 million shares. A decline of -24.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.89 of the overall float, the days-to-cover ratio (short ratio) decline to 2.89.
Which companies own the most shares of Interactive Brokers Group Inc. (IBKR)?
According to The Vanguard Group, Inc. filings, the company currently owns 8,322,209 shares, which is about 8.09% of the total IBKR shares outstanding. The investor’s shares have appreciated by 123,415 from its previous 13-F filing of 8198794.0 shares. With the completion of the sale transaction, Kayne Anderson Rudnick Investment’s stake is now worth $491,806,497. BlackRock Fund Advisors acquire a 3.30% interest valued at $421.53 million while Select Equity Group LP purchased a 312,093 stake. A total of -677,782 shares of Interactive Brokers Group Inc. were bought by Marshall Wace LLP during the quarter, and 2,298,481 were bought by Orbis Investment Management Ltd.. In its current portfolio, Bares Capital Management, Inc. holds 3,223,240 shares valued at $198.52 million.
In terms of Interactive Brokers Group Inc. share price expectations, FactSet research, analysts set an average price target of $89.50 in the next 12 months, up nearly 26.23% from the previous closing price of $66.94. Analysts anticipate Interactive Brokers Group Inc. stock to reach $114.00 by 2022, with the lowest price target being $77.00. In spite of this, 6 analysts ranked Interactive Brokers Group Inc. stock as a Buy at the end of 2022. On March 05, 2021, Jefferies assigned a price target of “a Buy” to the stock and initiated coverage with a $89.