Avantax Advisory Services Inc. Has $420,000 Stock Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Avantax Advisory Services Inc. grew its position in Inter Parfums, Inc. (NASDAQ:IPARFree Report) by 74.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,125 shares of the company’s stock after buying an additional 1,338 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Inter Parfums were worth $420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Middle East FZE acquired a new position in shares of Inter Parfums in the 4th quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Inter Parfums in the 3rd quarter valued at approximately $55,000. Ronald Blue Trust Inc. raised its position in shares of Inter Parfums by 112.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 432 shares of the company’s stock valued at $58,000 after buying an additional 229 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Inter Parfums by 137.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 508 shares of the company’s stock worth $69,000 after purchasing an additional 294 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in Inter Parfums by 71.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 542 shares of the company’s stock worth $73,000 after purchasing an additional 226 shares in the last quarter. 55.18% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Trading Up 1.0 %

Shares of NASDAQ IPAR opened at $152.19 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 2.41. Inter Parfums, Inc. has a 52-week low of $113.63 and a 52-week high of $161.17. The firm has a 50 day moving average price of $139.73 and a two-hundred day moving average price of $135.07. The stock has a market cap of $4.87 billion, a P/E ratio of 30.75 and a beta of 1.15.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, CEO Jean Madar sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $140.40, for a total value of $617,760.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $2,808,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Philippe Santi sold 2,000 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $135.56, for a total value of $271,120.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jean Madar sold 4,400 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $140.40, for a total transaction of $617,760.00. Following the completion of the sale, the chief executive officer now directly owns 20,000 shares in the company, valued at $2,808,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,150 shares of company stock worth $2,138,095. 43.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Inter Parfums

About Inter Parfums

(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.

Further Reading

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

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