Bessemer Group Inc. Sells 185,793 Shares of Interparfums, Inc. $IPAR

Bessemer Group Inc. trimmed its holdings in Interparfums, Inc. (NASDAQ:IPAR) by 99.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,552 shares of the company’s stock after selling 185,793 shares during the quarter. Bessemer Group Inc.’s holdings in Interparfums were worth $153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. grew its stake in shares of Interparfums by 66.8% in the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock worth $101,843,000 after acquiring an additional 310,712 shares during the period. London Co. of Virginia purchased a new stake in Interparfums in the second quarter worth approximately $27,647,000. Squarepoint Ops LLC grew its position in Interparfums by 249.3% in the 2nd quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock worth $29,664,000 after purchasing an additional 161,239 shares during the period. Man Group plc grew its position in Interparfums by 572.8% in the 2nd quarter. Man Group plc now owns 187,058 shares of the company’s stock worth $24,563,000 after purchasing an additional 159,254 shares during the period. Finally, Tributary Capital Management LLC raised its stake in Interparfums by 139.6% during the 3rd quarter. Tributary Capital Management LLC now owns 228,520 shares of the company’s stock valued at $22,482,000 after buying an additional 133,131 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

Interparfums Stock Performance

IPAR opened at $102.24 on Friday. The company has a 50 day simple moving average of $90.47 and a two-hundred day simple moving average of $96.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.27 and a quick ratio of 1.99. The firm has a market cap of $3.28 billion, a P/E ratio of 20.01 and a beta of 1.24. Interparfums, Inc. has a 1-year low of $77.21 and a 1-year high of $148.15.

Analysts Set New Price Targets

IPAR has been the topic of a number of research reports. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. UBS Group set a $103.00 target price on Interparfums in a report on Friday, November 21st. BWS Financial restated a “neutral” rating and set a $85.00 price target on shares of Interparfums in a research note on Thursday, January 29th. Jefferies Financial Group started coverage on shares of Interparfums in a research report on Wednesday, January 14th. They set a “buy” rating and a $112.00 price target for the company. Finally, Berenberg Bank initiated coverage on shares of Interparfums in a research note on Friday, November 21st. They issued a “buy” rating and a $103.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Interparfums presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.14.

Interparfums Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.