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

Inspire Investing LLC reduced its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,070 shares of the company’s stock after selling 138 shares during the period. Inspire Investing LLC’s holdings in Inter Parfums were worth $404,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Inter Parfums by 55.9% in the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock valued at $30,000 after acquiring an additional 81 shares in the last quarter. KBC Group NV grew its stake in Inter Parfums by 3.0% in the 3rd quarter. KBC Group NV now owns 4,313 shares of the company’s stock valued at $558,000 after purchasing an additional 126 shares during the period. Bank of Montreal Can increased its position in shares of Inter Parfums by 2.5% during the 2nd quarter. Bank of Montreal Can now owns 5,924 shares of the company’s stock valued at $708,000 after purchasing an additional 142 shares during the last quarter. Aurora Investment Counsel raised its stake in shares of Inter Parfums by 0.8% during the 3rd quarter. Aurora Investment Counsel now owns 19,457 shares of the company’s stock worth $2,519,000 after purchasing an additional 146 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Inter Parfums by 12.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,322 shares of the company’s stock worth $267,000 after buying an additional 266 shares during the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IPAR shares. Piper Sandler raised their price objective 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. Canaccord Genuity Group initiated coverage on shares of Inter Parfums in a report on Thursday, January 16th. They issued a “buy” rating and a $158.00 price target on the stock. DA Davidson reissued a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a report on Thursday. Finally, BWS Financial restated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Inter Parfums currently has an average rating of “Moderate Buy” and a consensus price target of $159.40.

Insider Transactions at Inter Parfums

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

Inter Parfums Stock Down 0.6 %

Inter Parfums stock opened at $140.91 on Friday. The firm has a 50 day simple moving average of $134.15 and a 200 day simple moving average of $128.39. 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, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 30.24 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. During the same period in the previous year, the business earned $1.66 earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts predict that Inter Parfums, Inc. will post 5.15 earnings per share 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.