Victory Capital Management Inc. Has $1.52 Million Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Victory Capital Management Inc. raised its stake in Inter Parfums, Inc. (NASDAQ:IPARFree Report) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,312 shares of the company’s stock after buying an additional 478 shares during the quarter. Victory Capital Management Inc.’s holdings in Inter Parfums were worth $1,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IPAR. BlackRock Inc. increased its holdings in Inter Parfums by 0.7% during the 2nd quarter. BlackRock Inc. now owns 2,787,788 shares of the company’s stock worth $376,993,000 after purchasing an additional 19,420 shares in the last quarter. Vanguard Group Inc. lifted its stake in Inter Parfums by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,073,741 shares of the company’s stock valued at $156,484,000 after acquiring an additional 43,380 shares in the last quarter. Morgan Stanley boosted its position in Inter Parfums by 431.0% during the 4th quarter. Morgan Stanley now owns 1,018,907 shares of the company’s stock worth $98,345,000 after acquiring an additional 827,032 shares during the last quarter. State Street Corp grew its stake in shares of Inter Parfums by 2.3% during the 2nd quarter. State Street Corp now owns 626,564 shares of the company’s stock worth $84,730,000 after acquiring an additional 13,984 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Inter Parfums by 47.4% in the second quarter. Acadian Asset Management LLC now owns 543,032 shares of the company’s stock valued at $73,403,000 after purchasing an additional 174,540 shares during the last quarter. 55.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on IPAR. Piper Sandler raised their target price on shares of Inter Parfums from $175.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. DA Davidson lifted their target price on Inter Parfums from $191.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd.

Get Our Latest Research Report on IPAR

Inter Parfums Stock Performance

Shares of IPAR opened at $152.19 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.41 and a quick ratio of 1.41. The firm has a 50-day moving average of $139.73 and a 200-day moving average of $135.18. The company has a market cap of $4.87 billion, a PE ratio of 30.75 and a beta of 1.15. Inter Parfums, Inc. has a one year low of $113.63 and a one year high of $161.17.

Insider Buying and Selling

In other news, Director Gilbert Harrison sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total value of $37,605.00. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at $150,420. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Inter Parfums news, CEO Jean Madar sold 2,500 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $145.06, for a total value of $362,650.00. Following the transaction, the chief executive officer now directly owns 12,500 shares in the company, valued at $1,813,250. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gilbert Harrison sold 250 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $150.42, for a total transaction of $37,605.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $150,420. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,150 shares of company stock worth $2,138,095. Company insiders own 43.90% of the company’s stock.

Inter Parfums Company Profile

(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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Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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