DJE Kapital AG Sells 1,412 Shares of Ferrari N.V. $RACE

DJE Kapital AG cut its holdings in Ferrari N.V. (NYSE:RACE) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC bought a new stake in Ferrari in the third quarter worth $1,484,000. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Ferrari by 6.6% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 51,928 shares of the company’s stock worth $25,114,000 after purchasing an additional 3,224 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Ferrari by 94.4% in the fourth quarter. HighTower Advisors LLC now owns 25,068 shares of the company’s stock worth $9,284,000 after purchasing an additional 12,175 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings 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. boosted its holdings 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.

Wall Street Analysts Forecast Growth

RACE has been the subject of a number of research analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a research report on Tuesday, June 2nd. Morgan Stanley set a $420.00 target price on shares of Ferrari in a research report on Monday, February 16th. UBS Group cut their target price on shares of Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $469.06.

Ferrari Stock Up 5.7%

Ferrari stock opened at $366.21 on Friday. The firm has a market cap of $85.67 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 3.28 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.20 and a quick ratio of 4.08. Ferrari N.V. has a fifty-two week low of $312.51 and a fifty-two week high of $519.10. The firm has a fifty day moving average price of $345.35 and a two-hundred day moving average price of $354.15.

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.