Inter & Co, Inc. (NASDAQ:INTR) Shares Up 3.8% – Still a Buy?

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their target price on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Inter & Co, Inc. presently has an average rating of “Buy” and an average price target of $7.30.

Inter & Co, Inc. Stock Performance

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Samlyn Capital LLC lifted 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 last quarter. Millennium Management LLC raised its holdings in shares of Inter & Co, Inc. by 70.7% during the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock worth $27,751,000 after purchasing an additional 1,868,527 shares during the period. State Street Corp lifted 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 last quarter. Marshall Wace LLP boosted its holdings 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 valued at $14,203,000 after buying an additional 1,396,317 shares during the period. Finally, Geode Capital Management LLC grew 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 buying an additional 1,361,258 shares during the last quarter. 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.