Inter & Co, Inc. (NASDAQ:INTR) Trading 3.8% Higher – Here’s What Happened

Inter & Co, Inc. (NASDAQ:INTR)’s stock price shot up 3.8% on Friday . The company traded as high as $4.72 and last traded at $4.68. 158,597 shares were traded during trading, a decline of 89% from the average session volume of 1,499,153 shares. The stock had previously closed at $4.51.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price target on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $7.30.

Inter & Co, Inc. Price Performance

The company’s 50 day simple moving average is $5.88 and its 200-day simple moving average is $6.37. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.89 and a beta of 1.24.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in INTR. Samlyn Capital LLC raised its stake in Inter & Co, Inc. by 4.1% during the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock worth $30,713,000 after purchasing an additional 196,355 shares during the period. Millennium Management LLC increased its holdings 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 worth $27,751,000 after buying an additional 1,868,527 shares during the last quarter. State Street Corp raised its position in shares of Inter & Co, Inc. by 254.0% in the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after buying an additional 2,396,448 shares during the period. Marshall Wace LLP raised its position in shares of Inter & Co, Inc. by 152.9% in the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after buying an additional 1,396,317 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Inter & Co, Inc. by 436.9% in the third 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. Hedge funds and other institutional investors own 22.90% of the company’s stock.

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.