Inter & Co, Inc. (NASDAQ:INTR) Trading Down 3.1% – Should You Sell?

Inter & Co, Inc. (NASDAQ:INTR)’s share price was down 3.1% during mid-day trading on Thursday . The stock traded as low as $4.05 and last traded at $4.09. Approximately 258,427 shares were traded during trading, a decline of 83% from the average daily volume of 1,525,409 shares. The stock had previously closed at $4.22.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their target price on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Inter & Co, Inc. has an average rating of “Buy” and an average target price of $7.30.

Inter & Co, Inc. Stock Performance

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 firm’s fifty day moving average price is $5.17 and its 200-day moving average price is $6.18. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 11.43 and a beta of 1.24.

Institutional Trading of Inter & Co, Inc.

Large investors have recently made changes to their positions in the company. Bank of Montreal Can purchased a new position in Inter & Co, Inc. during the 2nd quarter worth $1,954,000. Samlyn Capital LLC grew its holdings in shares of 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 buying an additional 196,355 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Inter & Co, Inc. by 152.9% during the second 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 last quarter. Squarepoint Ops LLC increased its position in Inter & Co, Inc. by 46.4% in the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock valued at $232,000 after acquiring an additional 11,949 shares during the period. Finally, Millennium Management LLC raised its stake in 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. 22.90% of the stock is owned by institutional investors and hedge funds.

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.