Ferrari (NYSE:RACE) Shares Acquired by Sapient Capital LLC

Sapient Capital LLC increased its position in shares of Ferrari (NYSE:RACE) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,322 shares of the company’s stock after acquiring an additional 653 shares during the quarter. Sapient Capital LLC’s holdings in Ferrari were worth $28,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC acquired a new stake in Ferrari during the second quarter worth $228,000. Wedmont Private Capital purchased a new position in shares of Ferrari during the 3rd quarter worth $214,000. Valeo Financial Advisors LLC increased its position in shares of Ferrari by 14.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,098 shares of the company’s stock worth $516,000 after purchasing an additional 137 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Ferrari in the 3rd quarter valued at about $224,000. Finally, Redhawk Wealth Advisors Inc. lifted its position in Ferrari by 4.6% in the third quarter. Redhawk Wealth Advisors Inc. now owns 3,847 shares of the company’s stock valued at $1,809,000 after buying an additional 170 shares during the last quarter.

Ferrari Stock Performance

Shares of RACE opened at $460.86 on Tuesday. Ferrari has a 1 year low of $375.31 and a 1 year high of $498.23. The stock has a market capitalization of $112.33 billion, a PE ratio of 50.37, a PEG ratio of 4.04 and a beta of 0.95. 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 50-day simple moving average of $435.60 and a 200-day simple moving average of $449.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RACE shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferrari in a research report on Thursday, February 6th. They set a “hold” rating for the company. Barclays lowered Ferrari from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 5th. StockNews.com upgraded Ferrari from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. UBS Group boosted 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, Evercore ISI raised their target price on Ferrari from $475.00 to $565.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.