Ferrari (NYSE:RACE) Shares Bought by Flossbach Von Storch SE

Flossbach Von Storch SE lifted its holdings in Ferrari (NYSE:RACE) by 18.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 41,491 shares of the company’s stock after buying an additional 6,533 shares during the quarter. Flossbach Von Storch SE’s holdings in Ferrari were worth $17,717,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Pacific Sun Financial Corp lifted its position in Ferrari by 7.6% in the 4th quarter. Pacific Sun Financial Corp now owns 968 shares of the company’s stock valued at $411,000 after purchasing an additional 68 shares during the last quarter. Advyzon Investment Management LLC bought a new stake in Ferrari in the 4th quarter valued at about $257,000. Good Life Advisors LLC lifted its position in Ferrari by 36.3% in the 4th quarter. Good Life Advisors LLC now owns 1,495 shares of the company’s stock valued at $635,000 after purchasing an additional 398 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Ferrari in the 4th quarter valued at about $45,000. Finally, Pittenger & Anderson Inc. lifted its position in Ferrari by 53.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 144 shares of the company’s stock valued at $61,000 after purchasing an additional 50 shares during the last quarter.

Ferrari Price Performance

Shares of Ferrari stock opened at $500.59 on Thursday. Ferrari has a twelve month low of $389.34 and a twelve month high of $508.03. 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 company has a 50-day simple moving average of $442.46 and a two-hundred day simple moving average of $453.75. The stock has a market capitalization of $122.02 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 4.40 and a beta of 0.95.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RACE. Barclays cut shares of Ferrari from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 5th. UBS Group lifted their price objective on shares of Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Ferrari in a research note on Thursday, February 6th. They issued a “hold” rating on the stock. Finally, StockNews.com raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $507.14.

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.