Ferrari (NYSE:RACE) Stake Raised by Savant Capital LLC

Savant Capital LLC grew its holdings in shares of Ferrari (NYSE:RACE) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 563 shares of the company’s stock after buying an additional 116 shares during the period. Savant Capital LLC’s holdings in Ferrari were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RACE. Jennison Associates LLC raised its holdings in shares of Ferrari by 910.1% during the third quarter. Jennison Associates LLC now owns 2,926,616 shares of the company’s stock valued at $1,368,622,000 after buying an additional 2,636,869 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Ferrari by 47,023.5% during the third quarter. International Assets Investment Management LLC now owns 1,180,916 shares of the company’s stock worth $5,551,600,000 after purchasing an additional 1,178,410 shares in the last quarter. Quadrature Capital Ltd raised its holdings in Ferrari by 83.7% during the third quarter. Quadrature Capital Ltd now owns 231,279 shares of the company’s stock worth $108,417,000 after purchasing an additional 105,390 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Ferrari by 89.9% during the third quarter. BNP Paribas Financial Markets now owns 220,418 shares of the company’s stock worth $103,621,000 after purchasing an additional 104,366 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Ferrari by 904.5% during the third quarter. Assenagon Asset Management S.A. now owns 110,565 shares of the company’s stock worth $51,968,000 after purchasing an additional 99,558 shares in the last quarter.

Ferrari Trading Up 0.1 %

NYSE RACE opened at $504.17 on Wednesday. Ferrari has a twelve month low of $389.34 and a twelve month high of $508.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. The stock has a market cap of $122.89 billion, a price-to-earnings ratio of 55.10, a PEG ratio of 4.04 and a beta of 0.95. The firm’s 50 day moving average price is $440.33 and its two-hundred day moving average price is $452.92.

Wall Street Analysts Forecast Growth

RACE has been the topic of several recent analyst reports. Evercore ISI boosted their target price on Ferrari from $475.00 to $565.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. StockNews.com raised Ferrari from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Barclays cut Ferrari from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 5th. UBS Group upped their price target on Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Ferrari in a report on Thursday, February 6th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $507.14.

Ferrari Company Profile

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.