Inter & Co, Inc. (NASDAQ:INTR) Trading Down 4.3% – Time to Sell?

Shares of Inter & Co, Inc. (NASDAQ:INTR) fell 4.3% during trading on Wednesday . The company traded as low as $5.33 and last traded at $5.34. 1,444,118 shares were traded during trading, an increase of 0% from the average session volume of 1,441,250 shares. The stock had previously closed at $5.58.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INTR. UBS Group upped their price target on shares of Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. upgraded shares of Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $7.50 to $8.50 in a research note on Wednesday, October 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $7.56.

Inter & Co, Inc. Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The business’s fifty day simple moving average is $6.40 and its 200-day simple moving average is $6.52. The firm has a market capitalization of $2.29 billion, a PE ratio of 15.94 and a beta of 1.52.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of institutional investors have recently added to or reduced their stakes in the stock. Samlyn Capital LLC grew its holdings in Inter & Co, Inc. by 4.1% during the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after buying an additional 196,355 shares in the last quarter. Millennium Management LLC boosted its position in shares of Inter & Co, Inc. by 70.7% during the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after acquiring an additional 1,868,527 shares during the last quarter. State Street Corp boosted its position in shares of Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock valued at $22,243,000 after acquiring an additional 2,396,448 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock valued at $14,203,000 after acquiring an additional 1,396,317 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Inter & Co, Inc. by 436.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock valued at $11,060,000 after acquiring an additional 1,361,258 shares during the last quarter. 22.90% of the stock is owned by hedge funds and other institutional investors.

About Inter & Co, Inc.

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.