Inspire Investing LLC Sells 138 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Inspire Investing LLC cut its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,070 shares of the company’s stock after selling 138 shares during the quarter. Inspire Investing LLC’s holdings in Inter Parfums were worth $404,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hsbc Holdings PLC grew its position in Inter Parfums by 12.9% during the second quarter. Hsbc Holdings PLC now owns 2,322 shares of the company’s stock valued at $267,000 after acquiring an additional 266 shares during the last quarter. Intech Investment Management LLC purchased a new position in Inter Parfums in the 2nd quarter worth $385,000. Sei Investments Co. raised its position in Inter Parfums by 4.8% in the 2nd quarter. Sei Investments Co. now owns 55,719 shares of the company’s stock worth $6,465,000 after purchasing an additional 2,549 shares during the period. Bank of Montreal Can lifted its stake in Inter Parfums by 2.5% in the second quarter. Bank of Montreal Can now owns 5,924 shares of the company’s stock worth $708,000 after purchasing an additional 142 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in Inter Parfums by 541.7% during the second quarter. Squarepoint Ops LLC now owns 29,056 shares of the company’s stock valued at $3,371,000 after buying an additional 24,528 shares during the period. 55.57% of the stock is owned by hedge funds and other institutional investors.

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 transaction of $532,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 43.90% of the company’s stock.

Analyst Upgrades and Downgrades

IPAR has been the subject of several analyst reports. DA Davidson restated a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a report on Thursday. Canaccord Genuity Group began coverage on shares of Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 target price on the stock. Piper Sandler raised their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $159.40.

Inter Parfums Stock Performance

NASDAQ:IPAR opened at $140.91 on Friday. 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 firm’s fifty day simple moving average is $134.15 and its 200 day simple moving average is $128.39. The stock has a market cap of $4.51 billion, a P/E ratio of 30.24 and a beta of 1.20. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $425.00 million. During the same period last year, the company posted $1.66 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, research analysts predict that Inter Parfums, Inc. will post 5.15 EPS for the current year.

About Inter Parfums

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.