Why Inter & Co (INTR) Stock Is Down Today

Inter & Co (INTR) is down 37.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver looks technical rather than operational. Inter & Co is in the middle of discontinuing its Level II BDR program in Brazil, and holders who did not make an election by October 16 were automatically routed into a sales facility that sells the underlying Nasdaq-listed shares during the subsequent period, which can create abrupt selling pressure.

Details:

The company disclosed on October 19 that the selection period for its Brazilian Level II BDR holders had ended and that any positions without a valid election would be sent to a sales facility.

Under that process, Banco Bradesco, acting as depositary, is selling the underlying Class A shares on Nasdaq on a best-efforts basis during the subsequent period that runs from October 19 through November 17.

An earlier company filing explained that these sales may occur in one or more transactions and that block-style execution could happen at a discount to the market price, which can weigh on the stock.

Trading volume in INTR surged far above normal levels today, which fits with the idea of forced or event-driven selling tied to the BDR wind-down rather than a new deterioration in the core business.

Sources:

Inter&Co Investor Relations, SEC, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$INTR Hedge Fund Activity

We have seen 93 institutional investors add shares of $INTR stock to their portfolio, and 66 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WASATCH ADVISORS LP removed 15,168,620 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $82,365,606
WCM INVESTMENT MANAGEMENT, LLC removed 10,354,570 shares (-99.2%) from their portfolio in Q2 2026, for an estimated $56,225,315
ATMOS CAPITAL GESTAO DE RECURSOS LTDA. added 7,504,483 shares (+inf%) to their portfolio in Q2 2026, for an estimated $40,749,342
MARSHALL WACE, LLP added 6,874,662 shares (+98.6%) to their portfolio in Q2 2026, for an estimated $37,329,414
FIL LTD removed 5,470,377 shares (-78.2%) from their portfolio in Q2 2026, for an estimated $29,704,147
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 4,742,908 shares (-84.8%) from their portfolio in Q2 2026, for an estimated $25,753,990
SEI INVESTMENTS CO removed 4,562,040 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $24,771,877

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$INTR Price Targets

Multiple analysts have issued price targets for $INTR recently. We have seen 4 analysts offer price targets for $INTR in the last 6 months, with a median target of $9.2.

Here are some recent targets:

An analyst from UBS set a target price of $9.4 on 06/03/2026
Gustavo Schroden from Citigroup set a target price of $6.5 on 05/18/2026
Yuri Fernandes from JP Morgan set a target price of $9.0 on 05/12/2026
Tito Labarta from Goldman Sachs set a target price of $11.5 on 05/08/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.