Roundview Capital LLC Purchases 1,307 Shares of Ferrari N.V. (NYSE:RACE)

Roundview Capital LLC boosted its holdings in Ferrari N.V. (NYSE:RACE - Free Report) by 31.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,476 shares of the company's stock after purchasing an additional 1,307 shares during the quarter. Roundview Capital LLC's holdings in Ferrari were worth $2,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RACE. GW&K Investment Management LLC grew its holdings in Ferrari by 288.9% in the first quarter. GW&K Investment Management LLC now owns 70 shares of the company's stock worth $30,000 after purchasing an additional 52 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Ferrari during the fourth quarter valued at approximately $32,000. Alpine Bank Wealth Management purchased a new stake in shares of Ferrari during the first quarter valued at approximately $33,000. Webster Bank N. A. purchased a new stake in shares of Ferrari during the first quarter valued at approximately $43,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Ferrari by 140.5% during the first quarter. Cornerstone Planning Group LLC now owns 101 shares of the company's stock valued at $45,000 after buying an additional 59 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RACE. JPMorgan Chase & Co. cut their price target on shares of Ferrari from $525.00 to $460.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Barclays upgraded shares of Ferrari from an "equal weight" rating to an "overweight" rating in a report on Friday, March 28th. UBS Group increased their price target on shares of Ferrari from $520.00 to $560.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Kepler Capital Markets upgraded shares of Ferrari from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Finally, Wall Street Zen cut shares of Ferrari from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $526.25.

Ferrari Stock Performance

RACE traded down $1.70 during trading on Thursday, hitting $515.86. The company's stock had a trading volume of 215,082 shares, compared to its average volume of 313,683. The company has a quick ratio of 4.04, a current ratio of 5.09 and a debt-to-equity ratio of 0.93. Ferrari N.V. has a one year low of $391.54 and a one year high of $518.79. The firm has a market cap of $125.03 billion, a PE ratio of 54.59, a P/E/G ratio of 5.67 and a beta of 1.09. The business's 50 day simple moving average is $485.06 and its 200-day simple moving average is $462.46.

Ferrari (NYSE:RACE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. Ferrari had a net margin of 23.00% and a return on equity of 46.46%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm earned $1.95 earnings per share. The company's quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts predict that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

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.