Quadrature Capital Ltd Has $75.01 Million Position in Ferrari N.V. $RACE

Quadrature Capital Ltd increased its stake in Ferrari N.V. (NYSE:RACEFree Report) by 309.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,352 shares of the company’s stock after purchasing an additional 117,368 shares during the period. Ferrari accounts for 0.9% of Quadrature Capital Ltd’s portfolio, making the stock its 28th largest holding. Quadrature Capital Ltd owned about 0.06% of Ferrari worth $75,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. boosted its position in Ferrari by 3.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock valued at $299,000 after buying an additional 22 shares during the last quarter. Allworth Financial LP raised its position in shares of Ferrari by 7.5% during the second quarter. Allworth Financial LP now owns 330 shares of the company’s stock worth $162,000 after acquiring an additional 23 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Ferrari by 2.2% during the second quarter. Valeo Financial Advisors LLC now owns 1,086 shares of the company’s stock worth $532,000 after acquiring an additional 23 shares during the last quarter. Certuity LLC lifted its stake in shares of Ferrari by 4.5% during the second quarter. Certuity LLC now owns 582 shares of the company’s stock valued at $285,000 after acquiring an additional 25 shares during the period. Finally, Wealth Alliance LLC boosted its holdings in Ferrari by 2.0% in the third quarter. Wealth Alliance LLC now owns 1,251 shares of the company’s stock valued at $607,000 after acquiring an additional 25 shares during the last quarter.

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

Wall Street Analyst Weigh In

A number of brokerages recently commented on RACE. Barclays set a $420.00 price objective on Ferrari and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Jefferies Financial Group restated a “hold” rating on shares of Ferrari in a research report on Wednesday, February 11th. Oddo Bhf cut shares of Ferrari to a “neutral” rating in a research report on Wednesday, December 10th. Citigroup raised shares of Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $410.00 price objective on shares of Ferrari in a report on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $475.61.

View Our Latest Report on Ferrari

Ferrari Trading Down 1.8%

NYSE RACE opened at $334.39 on Friday. Ferrari N.V. has a 12 month low of $328.00 and a 12 month high of $519.10. The stock has a 50-day simple moving average of $356.32 and a 200 day simple moving average of $399.30. The company has a current ratio of 5.70, a quick ratio of 4.38 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $78.23 billion, a PE ratio of 33.07, a P/E/G ratio of 3.33 and a beta of 0.97.

Ferrari Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 5th. Investors of record on Tuesday, April 21st will be paid a dividend of $3.615 per share. This represents a yield of 99.0%. The ex-dividend date of this dividend is Tuesday, April 21st. This is a positive change from Ferrari’s previous annual dividend of $3.13.

Ferrari Profile

(Free Report)

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.

See Also

Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari N.V. (NYSE:RACEFree Report).

Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

Receive News & Ratings for Ferrari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrari and related companies with MarketBeat.com's FREE daily email newsletter.