Interactive Brokers Group Inc.’s filing revealed that its Director Uhde Philip unloaded Company’s shares for reported $8.9 million on Apr 20. In the deal valued at $81.77 per share,108,844 shares were sold. As a result of this transaction, Uhde Philip now holds 2,270 shares worth roughly $ 0.21 million.
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Then, Peterffy Thomas sold 20,000 shares, generating $1,555,106 in total proceeds. Upon selling the shares at $77.76, the Chairman now owns 1,630,605 shares.
Before that, Peterffy Thomas sold 20,000 shares. Interactive Brokers Group Inc. shares valued at $1,574,721 were divested by the Chairman at a price of $78.74 per share. As a result of the transaction, Peterffy Thomas now holds 1,650,605 shares, worth roughly $152.88 million.
Citigroup initiated its Interactive Brokers Group Inc. [IBKR] rating to a Buy in a research note published on Friday, October 12, 2022; the price target was $85. PT values the company’s stock at a premium of -8.96 to its Friday closing price.
Price Performance Review of IBKR
On Friday, Interactive Brokers Group Inc. [NASDAQ:IBKR] saw its stock jump 0.88% to $92.62. On the same session, the stock had its day’s lowest price of $91.17, but rose to a high of $93.24. Over the last five days, the stock has gained 1.20%. Interactive Brokers Group Inc. shares have risen nearly 28.02% since the year began. Nevertheless, the stocks have risen 47.98% over the past one year. While a 52-week high of $93.49 was reached on 08/22/23, a 52-week low of $59.56 was recorded on 05/04/23. SMA at 50 days reached $86.26, while 200 days put it at $80.72. A total of 0.52 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For IBKR Stock
The 24-hour chart illustrates a support level at 91.45, which if violated will result in even more drops to 90.27. On the upside, there is a resistance level at 93.52. A further resistance level may holdings at 94.41. The Relative Strength Index (RSI) on the 14-day chart is 62.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.42%. Stochastics %K at 75.84% indicates the stock is a holding.
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 Aug 14, 2023, growing by 0.75 million shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.44 million shares. There was a rise of 34.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.11% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.86.
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 9,116,298 shares, or roughly 8.74% of the outstanding IBKR shares. In other words, the investor’s shares have fallen by -40,782 from its previous 13-F filing of 9157080.0. Additionally, Orbis Investment Management Ltd. increased 13.82% of its stake after which the total value it holdings stand at $707,379,724, while BlackRock Fund Advisors reduced -2.73% of its stake to hold $702.87 million in the firm. Over the last quarter, Kayne Anderson Rudnick Investment purchased 68,013 shares of Interactive Brokers Group Inc., while Cantillon Capital Management LLC bought 230,068 shares. At present, Greenwich Wealth Management LLC is holding 2,928,304 shares valued at $255.73 million. SSgA Funds Management, Inc. owned 2,818,815 shares of the company at the time of its most recent 13F filing, worth $246.17 million.
According to FactSet, Interactive Brokers Group Inc.’s share price will average $108.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.46 percent from its previous closing price of $91.81. Analysts expect Interactive Brokers Group Inc. stock to reach the higher price of $125.00, while the lowest price estimate is $99.00. However, 8 analysts have rated IBKR stock as an Overweight in their predictions for 2023.