Alberta Investment Management Corp Sells 4,330 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Alberta Investment Management Corp trimmed its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,106 shares of the company’s stock after selling 4,330 shares during the quarter. Alberta Investment Management Corp owned 0.05% of Inter Parfums worth $2,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Inter Parfums by 55.9% during the 4th quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares during the period. SRH Advisors LLC increased its holdings in shares of Inter Parfums by 791.7% in the fourth quarter. SRH Advisors LLC now owns 535 shares of the company’s stock worth $70,000 after acquiring an additional 475 shares in the last quarter. Blue Trust Inc. raised its position in shares of Inter Parfums by 83.4% during the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after purchasing an additional 296 shares during the period. Northwest & Ethical Investments L.P. bought a new position in shares of Inter Parfums during the 3rd quarter valued at about $104,000. Finally, Principal Securities Inc. lifted its holdings in shares of Inter Parfums by 15.1% during the 4th quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 55.57% of the company’s stock.

Analysts Set New Price Targets

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

Inter Parfums Price Performance

Shares of IPAR opened at $134.57 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. Inter Parfums, Inc. has a twelve month low of $108.39 and a twelve month high of $154.54. The stock has a market capitalization of $4.31 billion, a P/E ratio of 28.88 and a beta of 1.20. The company has a 50 day moving average of $135.06 and a 200-day moving average of $129.32.

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.