WCM Investment Management LLC reduced its position in Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,226 shares of the company's stock after selling 8,434 shares during the quarter. WCM Investment Management LLC owned approximately 0.58% of Inter Parfums worth $24,191,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake 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 acquiring an additional 5,056 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Inter Parfums by 50.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 23,034 shares of the company's stock worth $2,982,000 after acquiring an additional 7,771 shares during the last quarter. US Bancorp DE lifted its holdings in Inter Parfums by 12.2% in the 3rd quarter. US Bancorp DE now owns 6,872 shares of the company's stock valued at $890,000 after purchasing an additional 746 shares in the last quarter. Annex Advisory Services LLC lifted its stake in shares of Inter Parfums by 32.4% during the third quarter. Annex Advisory Services LLC now owns 86,736 shares of the company's stock valued at $11,231,000 after buying an additional 21,211 shares during the period. Finally, Black Swift Group LLC purchased a new position in shares of Inter Parfums during the 3rd quarter worth $647,000. Hedge funds and other institutional investors own 55.57% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on IPAR shares. Canaccord Genuity Group started coverage on shares of Inter Parfums in a research report on Thursday, January 16th. They set a "buy" rating and a $158.00 price target for the company. BWS Financial restated a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research note on Monday, January 27th. DA Davidson reaffirmed a "buy" rating and set a $163.00 target price on shares of Inter Parfums in a research report on Thursday, January 23rd. Finally, Piper Sandler increased 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Inter Parfums has a consensus rating of "Moderate Buy" and an average target price of $159.40.
Check Out Our Latest Stock Analysis on IPAR
Inter Parfums Price Performance
Shares of IPAR stock traded down $2.64 during mid-day trading on Wednesday, reaching $135.99. The company's stock had a trading volume of 136,926 shares, compared to its average volume of 113,747. The company has a market cap of $4.36 billion, a P/E ratio of 29.18 and a beta of 1.20. 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's 50-day moving average is $135.38 and its two-hundred day moving average is $129.39. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $154.54.
Insider Activity
In other news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 43.90% of the company's stock.
Inter Parfums Profile
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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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