Brucke Financial Inc. Purchases Shares of 1,171 Ferrari (NYSE:RACE)

Brucke Financial Inc. purchased a new position in shares of Ferrari (NYSE:RACE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,171 shares of the company's stock, valued at approximately $502,000.

Other large investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new position in Ferrari during the 4th quarter worth $26,000. Kestra Investment Management LLC acquired a new position in shares of Ferrari during the fourth quarter worth about $45,000. Plato Investment Management Ltd purchased a new position in Ferrari during the fourth quarter worth about $53,000. Newbridge Financial Services Group Inc. lifted its position in Ferrari by 705.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 137 shares of the company's stock valued at $58,000 after purchasing an additional 120 shares during the period. Finally, Pittenger & Anderson Inc. lifted its position in Ferrari by 53.2% in the fourth 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 period.

Ferrari Stock Up 0.0%

NYSE RACE traded up $0.15 on Friday, hitting $479.17. 321,594 shares of the stock traded hands, compared to its average volume of 334,313. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average of $455.16 and a 200 day moving average of $449.06. Ferrari has a twelve month low of $391.54 and a twelve month high of $509.13. The company has a market capitalization of $116.14 billion, a P/E ratio of 52.37, a price-to-earnings-growth ratio of 4.43 and a beta of 1.13.

Ferrari (NYSE:RACE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.06. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ferrari had a net margin of 22.81% and a return on equity of 46.69%. The firm's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 earnings per share. As a group, analysts expect that Ferrari will post 9.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. UBS Group lifted their price target on Ferrari from $520.00 to $560.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Kepler Capital Markets upgraded Ferrari from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Barclays raised shares of Ferrari from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Ferrari in a report on Thursday, February 6th. They issued a "hold" rating for the company. Finally, Wall Street Zen cut Ferrari from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $526.25.

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.