New York Life Investment Management LLC Sells 394 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

New York Life Investment Management LLC trimmed its position in Inter Parfums, Inc. (NASDAQ:IPARFree Report) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,503 shares of the company’s stock after selling 394 shares during the quarter. New York Life Investment Management LLC’s holdings in Inter Parfums were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Middle East FZE purchased a new stake in shares of Inter Parfums in the fourth quarter worth $27,000. Harvest Fund Management Co. Ltd bought a new position in Inter Parfums in the 3rd quarter worth $55,000. Ronald Blue Trust Inc. increased its stake in Inter Parfums by 112.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 432 shares of the company’s stock worth $58,000 after buying an additional 229 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Inter Parfums by 137.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 508 shares of the company’s stock valued at $69,000 after acquiring an additional 294 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in Inter Parfums by 71.5% during the second quarter. Benjamin Edwards Inc. now owns 542 shares of the company’s stock valued at $73,000 after acquiring an additional 226 shares during the period. Institutional investors own 55.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DA Davidson increased their target price on Inter Parfums from $191.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Piper Sandler upped their price target on Inter Parfums from $175.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th.

Read Our Latest Stock Analysis on Inter Parfums

Insider Buying and Selling

In other Inter Parfums 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 transaction of $37,605.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $150,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Gilbert Harrison sold 250 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $150.42, for a total transaction of $37,605.00. Following the sale, the director now 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 available through the SEC website. Also, VP Philippe Santi sold 1,000 shares of Inter Parfums stock in a transaction on Monday, January 8th. The stock was sold at an average price of $137.11, for a total transaction of $137,110.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,150 shares of company stock worth $2,138,095. Corporate insiders own 43.90% of the company’s stock.

Inter Parfums Stock Up 1.9 %

Shares of IPAR stock opened at $155.12 on Tuesday. The company’s fifty day simple moving average is $140.17 and its two-hundred day simple moving average is $135.11. Inter Parfums, Inc. has a 52 week low of $113.63 and a 52 week high of $161.17. The stock has a market cap of $4.96 billion, a P/E ratio of 31.34 and a beta of 1.15. The company has a quick ratio of 1.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.15.

Inter Parfums 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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