2 weeks Ago By ABMN Staff
American Century Companies Inc. trimmed its position in Ferrari ( NYSE:RACE – Free Report ) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the SEC.
The firm owned 4,948 shares of the company’s stock after selling 1,427 shares during the quarter. American Century Companies Inc.’s holdings in Ferrari were worth $2,021,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of RACE. Rothschild Investment LLC bought a new stake in Ferrari in the second quarter valued at approximately $29,000. Register Financial Advisors LLC acquired a new position in shares of Ferrari during the 1st quarter worth approximately $33,000.
Denver PWM LLC bought a new stake in Ferrari in the 2nd quarter valued at $35,000. Pittenger & Anderson Inc. lifted its holdings in Ferrari by 168.
6% during the 1st quarter. Pittenger & Anderson Inc. now owns 94 shares of the company’s stock valued at $41,000 after purchasing an additional 59 shares during the last quarter.
Finally, FinTrust Capital Advisors LLC boosted its position in Ferrari by 86.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 138 shares of the company’s stock worth $47,000 after purchasing an additional 64 shares during the period.
Analysts Set New Price Targets RACE has been the subject of a number of research reports. StockNews.com upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.
Barclays upgraded shares of Ferrari from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley upped their target price on Ferrari from $400.00 to $520.
00 and gave the company an “overweight” rating in a research report on Tuesday, August 27th. Finally, UBS Group increased their target price on Ferrari from $448.00 to $478.
00 and gave the stock a “buy” rating in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $481.
67. Ferrari Price Performance Shares of NYSE RACE opened at $471.68 on Friday.
The business has a fifty day moving average price of $455.73 and a two-hundred day moving average price of $432.00.
The company has a quick ratio of 3.32, a current ratio of 4.35 and a debt-to-equity ratio of 1.
01. Ferrari has a fifty-two week low of $289.92 and a fifty-two week high of $498.
23. Ferrari ( NYSE:RACE – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $2.
29 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.08.
The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.63 billion.
Ferrari had a return on equity of 45.13% and a net margin of 21.84%.
Ferrari’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.
99 earnings per share. On average, equities research analysts anticipate that Ferrari will post 8.81 EPS for the current year.
Ferrari Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Ferrari ( NYSE:RACE – Free Report ). 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 .
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