Jane Street Group LLC Decreases Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Jane Street Group LLC lowered its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 60.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,547 shares of the company's stock after selling 28,100 shares during the period. Jane Street Group LLC owned about 0.06% of Inter Parfums worth $2,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its position in Inter Parfums by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company's stock worth $1,044,000 after buying an additional 100 shares during the last quarter. Burney Co. grew its stake in shares of Inter Parfums by 27.0% during the 2nd quarter. Burney Co. now owns 48,137 shares of the company's stock worth $5,585,000 after acquiring an additional 10,225 shares during the period. F M Investments LLC purchased a new stake in Inter Parfums in the 2nd quarter worth about $9,328,000. TrueMark Investments LLC bought a new stake in Inter Parfums in the 2nd quarter valued at about $366,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Inter Parfums during the second quarter valued at about $296,000. Hedge funds and other institutional investors own 55.57% of the company's stock.

Wall Street Analysts Forecast Growth

IPAR has been the subject of several recent research reports. BWS Financial reiterated a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. Piper Sandler lifted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Finally, DA Davidson reissued a "buy" rating and set a $163.00 target price on shares of Inter Parfums in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Inter Parfums currently has an average rating of "Moderate Buy" and a consensus price target of $159.75.

Inter Parfums Price Performance

Shares of IPAR stock traded up $0.87 during trading hours on Monday, reaching $128.64. The stock had a trading volume of 75,528 shares, compared to its average volume of 144,967. The stock's fifty day simple moving average is $129.27 and its 200 day simple moving average is $125.21. The firm has a market capitalization of $4.12 billion, a PE ratio of 27.61 and a beta of 1.20. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $156.75. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $425.00 million during the quarter, compared to analyst estimates of $425.00 million. During the same period in the previous year, the business earned $1.66 EPS. The business's revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts predict that Inter Parfums, Inc. will post 5.15 EPS for the current year.

Insiders Place Their Bets

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 43.90% of the company's stock.

Inter Parfums 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.