Ferrari (NYSE:RACE) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its holdings in Ferrari (NYSE:RACE) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,839 shares of the company’s stock after buying an additional 205 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ferrari were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in shares of Ferrari by 14.0% during the 3rd quarter. Cerity Partners LLC now owns 26,915 shares of the company’s stock worth $12,653,000 after purchasing an additional 3,308 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in Ferrari by 123.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 9,005 shares of the company’s stock worth $3,826,000 after buying an additional 4,983 shares in the last quarter. Mediolanum International Funds Ltd boosted its stake in Ferrari by 24.7% during the fourth quarter. Mediolanum International Funds Ltd now owns 9,071 shares of the company’s stock worth $3,874,000 after buying an additional 1,796 shares during the last quarter. Rheos Capital Works Inc. grew its holdings in Ferrari by 30.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 111,700 shares of the company’s stock valued at $52,511,000 after buying an additional 26,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ferrari by 156.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,400 shares of the company’s stock worth $2,731,000 after acquiring an additional 3,900 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Ferrari Stock Performance

Shares of RACE stock opened at $482.56 on Thursday. Ferrari has a 52 week low of $375.31 and a 52 week high of $498.23. The stock has a market capitalization of $117.62 billion, a PE ratio of 52.74, a P/E/G ratio of 4.04 and a beta of 0.95. The company has a quick ratio of 3.55, a current ratio of 4.57 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $436.68 and a two-hundred day moving average of $450.64.

Ferrari 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.