Jane Street Group LLC Sells 28,100 Shares of Inter Parfums, Inc. (NASDAQ:IPAR)

Jane Street Group LLC lessened its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 60.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,547 shares of the company’s stock after selling 28,100 shares during the quarter. Jane Street Group LLC owned 0.06% of Inter Parfums worth $2,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. grew its position in Inter Parfums by 83.4% in the third quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after acquiring an additional 296 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in shares of Inter Parfums in the 3rd quarter valued at $104,000. Crossmark Global Holdings Inc. bought a new stake in shares of Inter Parfums in the 3rd quarter worth about $209,000. Choreo LLC acquired a new stake in shares of Inter Parfums during the 2nd quarter worth about $213,000. Finally, Berry Wealth Group LP lifted its holdings in Inter Parfums by 7.4% during the 2nd quarter. Berry Wealth Group LP now owns 1,850 shares of the company’s stock valued at $215,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Inter Parfums Trading Down 2.0 %

IPAR opened at $127.77 on Monday. Inter Parfums, Inc. has a 1-year low of $108.39 and a 1-year high of $156.75. The firm has a 50-day moving average price of $129.13 and a two-hundred day moving average price of $125.14. The stock has a market capitalization of $4.09 billion, a PE ratio of 27.42 and a beta of 1.20. 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 (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. Inter Parfums’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. As a group, equities analysts anticipate that Inter Parfums, Inc. will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on IPAR shares. Piper Sandler upped their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. BWS Financial restated a “buy” rating and set a $172.00 price target on shares of Inter Parfums in a research report on Monday, November 11th. Finally, DA Davidson reaffirmed a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.75.

Insider Buying and Selling

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 43.90% of the company’s stock.

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.