KBC Group NV decreased its stake in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 79.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 871 shares of the company's stock after selling 3,442 shares during the period. KBC Group NV's holdings in Inter Parfums were worth $115,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. WCM Investment Management LLC boosted its holdings in shares of Inter Parfums by 2.9% in the 3rd quarter. WCM Investment Management LLC now owns 193,660 shares of the company's stock valued at $24,835,000 after purchasing an additional 5,482 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Inter Parfums by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company's stock worth $56,481,000 after buying an additional 5,056 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Inter Parfums by 50.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company's stock worth $2,982,000 after buying an additional 7,771 shares in the last quarter. US Bancorp DE boosted its stake in shares of Inter Parfums by 12.2% during the 3rd quarter. US Bancorp DE now owns 6,872 shares of the company's stock worth $890,000 after acquiring an additional 746 shares in the last quarter. Finally, Annex Advisory Services LLC grew its stake in Inter Parfums by 32.4% during the 3rd quarter. Annex Advisory Services LLC now owns 86,736 shares of the company's stock valued at $11,231,000 after acquiring an additional 21,211 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company's stock.
Inter Parfums Trading Up 2.5 %
IPAR traded up $3.32 during trading on Tuesday, reaching $138.63. 152,450 shares of the stock traded hands, compared to its average volume of 112,891. The stock's 50-day moving average is $135.45 and its 200 day moving average is $129.34. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.44 billion, a PE ratio of 29.75 and a beta of 1.20.
Insider Buying and Selling at Inter Parfums
In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 43.90% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on IPAR. DA Davidson reissued a "buy" rating and issued a $163.00 price target on shares of Inter Parfums in a research report on Thursday, January 23rd. Canaccord Genuity Group initiated coverage on shares of Inter Parfums in a research note on Thursday, January 16th. They issued a "buy" rating and a $158.00 target price on the stock. BWS Financial reissued a "buy" rating and set a $172.00 price objective on shares of Inter Parfums in a report on Monday, January 27th. Finally, Piper Sandler lifted their price objective on Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.40.
Read Our Latest Stock Report on Inter Parfums
Inter Parfums Company Profile
(
Free Report)
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.
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