Ferrari (NYSE:RACE) Shares Acquired by Allworth Financial LP

Allworth Financial LP raised its stake in shares of Ferrari (NYSE:RACE) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 327 shares of the company’s stock after buying an additional 85 shares during the period. Allworth Financial LP’s holdings in Ferrari were worth $141,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jennison Associates LLC increased its stake 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 acquiring an additional 2,636,869 shares during the period. Bank of Italy increased its position in shares of Ferrari by 2.8% during the 4th quarter. Bank of Italy now owns 2,339,620 shares of the company’s stock valued at $1,002,392,000 after purchasing an additional 63,675 shares during the period. Swiss National Bank increased its position in shares of Ferrari by 0.5% during the 3rd quarter. Swiss National Bank now owns 377,857 shares of the company’s stock valued at $177,157,000 after purchasing an additional 1,914 shares during the period. Barclays PLC raised its stake in shares of Ferrari by 6.1% in the 3rd quarter. Barclays PLC now owns 286,564 shares of the company’s stock worth $134,719,000 after buying an additional 16,428 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in shares of Ferrari by 83.7% in the third quarter. Quadrature Capital Ltd now owns 231,279 shares of the company’s stock valued at $108,417,000 after buying an additional 105,390 shares during the period.

Ferrari Stock Performance

Ferrari stock opened at $503.88 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.57 and a quick ratio of 3.55. Ferrari has a fifty-two week low of $399.27 and a fifty-two week high of $508.20. The firm’s 50 day simple moving average is $444.58 and its 200-day simple moving average is $455.21. The company has a market cap of $122.82 billion, a P/E ratio of 55.07, a price-to-earnings-growth ratio of 4.43 and a beta of 0.95.

Analyst Ratings Changes

A number of research firms recently issued reports on RACE. Barclays lowered Ferrari from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferrari in a research note on Thursday, February 6th. They issued a “hold” rating on the stock. StockNews.com raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, UBS Group lifted their price target on shares of Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $507.14.

About Ferrari

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.