BlackRock Amends INTER PARFUMS Stake as of Dec 31, 2023
Ticker: IPAR · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 822663
| Field | Detail |
|---|---|
| Company | Inter Parfums Inc (IPAR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its INTER PARFUMS INC holdings, signaling continued institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in their ownership of INTER PARFUMS INC common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows BlackRock continues to hold a significant, though unspecified, stake in the perfume and cosmetics company. For investors, this matters because BlackRock is a major institutional investor, and their continued involvement suggests confidence in INTER PARFUMS INC, even if their exact holding percentage has shifted slightly.
Why It Matters
This filing confirms BlackRock's ongoing institutional interest in INTER PARFUMS INC, which can be a positive signal for the stock's stability and long-term prospects.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a shareholder, but this routine amendment doesn't provide enough detail to warrant immediate action. Further investigation into BlackRock's specific percentage ownership (which is not detailed in this excerpt) would be beneficial.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- INTER PARFUMS INC (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a major institutional investment manager.
What company's stock is the subject of this filing?
The subject company is INTER PARFUMS INC, identified by the CUSIP Number 458334109 and the Central Index Key 0000822663.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding INTER PARFUMS INC (IPAR).