Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Up – Here’s Why

Inter & Co, Inc. (NASDAQ:INTR)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.22, but opened at $4.38. Inter & Co, Inc. shares last traded at $4.38, with a volume of 238,066 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective 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, December 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $7.30.

Inter & Co, Inc. Price Performance

The firm has a market cap of $1.91 billion, a P/E ratio of 12.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50-day moving average is $5.13 and its two-hundred day moving average is $6.17.

Institutional Trading of Inter & Co, Inc.

Several large investors have recently made changes to their positions in 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 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 in the last quarter. State Street Corp lifted 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 worth $22,243,000 after buying an additional 2,396,448 shares during the last quarter. Marshall Wace LLP boosted its stake in Inter & Co, Inc. by 152.9% in the second 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 in the last quarter. Finally, Geode Capital Management LLC grew its position 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. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Company Profile

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.