Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda decreased its stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 64.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 883,964 shares of the company's stock after selling 1,635,142 shares during the period. Inter & Co, Inc. accounts for 0.8% of SPX Gestao de Recursos Ltda's investment portfolio, making the stock its 27th biggest position. SPX Gestao de Recursos Ltda owned approximately 0.20% of Inter & Co, Inc. worth $5,887,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Samlyn Capital LLC increased its position 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 worth $30,713,000 after purchasing an additional 196,355 shares in the last quarter. Millennium Management LLC boosted its stake 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 purchasing an additional 1,868,527 shares during the last quarter. State Street Corp grew its holdings in shares of Inter & Co, Inc. by 254.0% during the third 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 in the last quarter. Marshall Wace LLP raised its position in shares of 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 during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of 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 buying an additional 1,361,258 shares during the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered 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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Inter & Co, Inc. has a consensus rating of "Buy" and a consensus price target of $7.30.

Inter & Co, Inc. Trading Up 2.7 %

Shares of NASDAQ INTR traded up $0.12 on Friday, reaching $4.63. 1,794,573 shares of the company traded hands, compared to its average volume of 1,505,972. The stock has a market capitalization of $2.01 billion, a PE ratio of 13.23 and a beta of 1.24. Inter & Co, Inc. has a fifty-two week low of $4.27 and a fifty-two week high of $7.84. 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 50 day moving average of $5.88 and a 200 day moving average of $6.37.

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.