Inter Parfums, Inc. (NASDAQ:IPAR) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp reduced its stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,106 shares of the company's stock after selling 4,330 shares during the period. Alberta Investment Management Corp owned 0.05% of Inter Parfums worth $2,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IPAR. GAMMA Investing LLC lifted its holdings in shares of Inter Parfums by 55.9% in the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company's stock worth $30,000 after purchasing an additional 81 shares during the last quarter. SRH Advisors LLC lifted its stake in Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company's stock valued at $70,000 after buying an additional 475 shares during the last quarter. Blue Trust Inc. lifted its stake in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company's stock valued at $84,000 after buying an additional 296 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Inter Parfums during the third quarter valued at $104,000. Finally, Principal Securities Inc. grew its position in shares of Inter Parfums by 15.1% during the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company's stock worth $174,000 after acquiring an additional 174 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. DA Davidson reiterated a "buy" rating and issued a $163.00 price objective on shares of Inter Parfums in a research report on Thursday, January 23rd. Piper Sandler lifted their price target on Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. BWS Financial reissued a "buy" rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, January 27th. Finally, Canaccord Genuity Group assumed coverage on Inter Parfums in a research note on Thursday, January 16th. They set a "buy" rating and a $158.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $159.40.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR traded down $0.30 during trading on Friday, reaching $134.27. The company had a trading volume of 169,507 shares, compared to its average volume of 118,600. The firm's fifty day moving average is $135.01 and its 200 day moving average is $129.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The firm has a market capitalization of $4.30 billion, a PE ratio of 28.81 and a beta of 1.20. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $154.45.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.