Inter & Co, Inc. (NASDAQ:INTR) Shares Up 3.8% - Should You Buy?

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective on Inter & Co, Inc. from $8.50 to $7.20 and set an "overweight" rating on the stock in a research note on Friday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $7.30.

Inter & Co, Inc. Price Performance

The company's 50 day simple moving average is $5.85 and its 200 day simple moving average is $6.36. 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 stock has a market capitalization of $2.01 billion, a PE ratio of 13.23 and a beta of 1.24.

Hedge Funds Weigh In On Inter & Co, Inc.

Large investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in 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 purchasing an additional 2,396,448 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. Fourth Sail Capital LP acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $9,313,000. 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. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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.