Ferrari N.V. $RACE Shares Bought by Groupama Asset Managment

Key Points

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Groupama Asset Managment raised its position in Ferrari N.V. (NYSE:RACE - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,080 shares of the company's stock after acquiring an additional 6,586 shares during the quarter. Groupama Asset Managment's holdings in Ferrari were worth $26,136,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC boosted its stake in shares of Ferrari by 1.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company's stock valued at $940,000 after buying an additional 21 shares during the last quarter. Garde Capital Inc. boosted its stake in shares of Ferrari by 5.0% during the 4th quarter. Garde Capital Inc. now owns 525 shares of the company's stock valued at $223,000 after buying an additional 25 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Ferrari by 3.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 697 shares of the company's stock valued at $299,000 after buying an additional 26 shares during the last quarter. Aviso Financial Inc. boosted its stake in shares of Ferrari by 1.1% during the 1st quarter. Aviso Financial Inc. now owns 2,835 shares of the company's stock valued at $1,213,000 after buying an additional 30 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Ferrari by 7.9% during the 1st quarter. Fifth Third Bancorp now owns 424 shares of the company's stock valued at $181,000 after buying an additional 31 shares during the last quarter.

Ferrari Stock Performance

RACE stock opened at $463.56 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09. The stock has a market capitalization of $112.36 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 4.98 and a beta of 1.09. Ferrari N.V. has a 1 year low of $391.54 and a 1 year high of $519.10. The stock's fifty day moving average is $477.52 and its two-hundred day moving average is $466.55.

Ferrari (NYSE:RACE - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.57 by $0.13. The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $2.29 earnings per share. On average, research analysts predict that Ferrari N.V. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on RACE shares. Cfra Research cut Ferrari from a "hold" rating to a "moderate sell" rating in a research note on Thursday, July 31st. Citigroup restated a "sell" rating on shares of Ferrari in a research note on Monday, August 11th. UBS Group raised their price objective on Ferrari from $520.00 to $560.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Ferrari in a research note on Monday, August 4th. Finally, Wall Street Zen cut Ferrari from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $526.25.

About Ferrari

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.

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