Monitoring Interactive Brokers Group Inc. (IBKR) after recent insider movements


Interactive Brokers Group Inc.’s filing revealed that its Chairman Peterffy Thomas unloaded Company’s shares for reported $1.61 million on Nov 03. In the deal valued at $80.34 per share,20,000 shares were sold. As a result of this transaction, Peterffy Thomas now holds 2,347,511 shares worth roughly $ 187.61 million.

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Then, Peterffy Thomas sold 20,000 shares, generating $1,607,182 in total proceeds. Upon selling the shares at $80.36, the Chairman now owns 2,367,511 shares.

Before that, Peterffy Thomas sold 20,000 shares. Interactive Brokers Group Inc. shares valued at $1,596,367 were divested by the Chairman at a price of $79.82 per share. As a result of the transaction, Peterffy Thomas now holds 2,387,511 shares, worth roughly $190.81 million.

Citigroup initiated its Interactive Brokers Group Inc. [IBKR] rating to a Buy in a research note published on Monday, October 12, 2022; the price target was $85. PT values the company’s stock at a premium of 5.98 to its Monday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Goldman also remained covering IBKR and has increased its forecast on April 26, 2022 with a “Buy” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on January 19, 2022. It rated IBKR as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of IBKR

On Monday, Interactive Brokers Group Inc. [NASDAQ:IBKR] saw its stock jump 0.41% to $79.92. On the same session, the stock had its day’s lowest price of $79.001, but rose to a high of $80.435. Over the last five days, the stock has lost -0.29%. Interactive Brokers Group Inc. shares have risen nearly 0.63% since the year began. Nevertheless, the stocks have risen 8.26% over the past one year. While a 52-week high of $82.83 was reached on 11/04/22, a 52-week low of $52.18 was recorded on 05/12/22. SMA at 50 days reached $70.07, while 200 days put it at $63.84. A total of 0.72 million shares were traded, compared to the trading of 1.07 million shares in the previous session.

Levels Of Support And Resistance For IBKR Stock

The 24-hour chart illustrates a support level at 79.14, which if violated will result in even more drops to 78.35. On the upside, there is a resistance level at 80.57. A further resistance level may holdings at 81.22. The Relative Strength Index (RSI) on the 14-day chart is 69.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.68%. Stochastics %K at 86.62% indicates the stock is a selling.

How much short interest is there in Interactive Brokers Group Inc.?

A steep rise in short interest was recorded in Interactive Brokers Group Inc. stocks on Jul 14, 2022, dropping by -0.59 million shares to a total of 2.37 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.96 million shares. There was a decline of -24.89%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.56% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.89.

Interactive Brokers Group Inc. [IBKR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 8,322,209 shares, or roughly 8.09% of the outstanding IBKR shares. In other words, the investor’s shares have risen by 123,415 from its previous 13-F filing of 8198794.0. Additionally, Kayne Anderson Rudnick Investment decreased -6.00% of its stake after which the total value it holdings stand at $510,332,087, while BlackRock Fund Advisors added 3.30% of its stake to hold $437.41 million in the firm. Over the last quarter, Select Equity Group LP purchased 312,093 shares of Interactive Brokers Group Inc., while Marshall Wace LLP bought -677,782 shares. At present, Orbis Investment Management Ltd. is holding 3,485,947 shares valued at $222.79 million. Bares Capital Management, Inc. owned 3,223,240 shares of the company at the time of its most recent 13F filing, worth $206.0 million.

The most recent change occurred on December 16, 2021 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $126 price target.


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