DJE Kapital AG Has $6.51 Million Position in Ferrari N.V. $RACE

DJE Kapital AG lowered its stake in shares of Ferrari N.V. (NYSE:RACE) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,348 shares of the company’s stock after selling 1,412 shares during the period. DJE Kapital AG’s holdings in Ferrari were worth $6,512,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Caprock Group LLC acquired a new position in shares of Ferrari during the third quarter valued at about $1,484,000. Lansforsakringar Fondforvaltning AB publ raised its position in shares of Ferrari by 6.6% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 51,928 shares of the company’s stock valued at $25,114,000 after buying an additional 3,224 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Ferrari by 94.4% during the fourth quarter. HighTower Advisors LLC now owns 25,068 shares of the company’s stock valued at $9,284,000 after buying an additional 12,175 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Ferrari by 3.3% in the third quarter. CIBC Private Wealth Group LLC now owns 183,917 shares of the company’s stock worth $89,077,000 after purchasing an additional 5,958 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Ferrari by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock worth $1,937,388,000 after purchasing an additional 58,506 shares in the last quarter.

Ferrari Stock Performance

NYSE:RACE opened at $366.21 on Friday. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $85.67 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 3.28 and a beta of 0.93. Ferrari N.V. has a 12-month low of $312.51 and a 12-month high of $519.10. The firm has a 50-day moving average price of $345.35 and a 200 day moving average price of $354.15.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup raised shares of Ferrari from a “sell” rating to a “neutral” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. increased their price target on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a research report on Tuesday, June 2nd. Jefferies Financial Group raised shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Finally, Morgan Stanley set a $420.00 price target on shares of Ferrari in a research report on Monday, February 16th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ferrari has a consensus rating of “Moderate Buy” and a consensus target price of $469.06.

Ferrari Profile

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.