Ferrari (NYSE:RACE) Shares Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC grew its stake in Ferrari (NYSE:RACE - Free Report) by 17.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,700 shares of the company's stock after acquiring an additional 556 shares during the period. Lighthouse Investment Partners LLC's holdings in Ferrari were worth $1,580,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Ferrari during the 4th quarter worth about $697,226,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Ferrari by 49.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,796,264 shares of the company's stock valued at $763,125,000 after purchasing an additional 594,547 shares in the last quarter. Barclays PLC lifted its holdings in Ferrari by 198.0% during the 4th quarter. Barclays PLC now owns 853,971 shares of the company's stock worth $362,802,000 after buying an additional 567,407 shares during the last quarter. Marshall Wace LLP increased its stake in Ferrari by 62.1% in the fourth quarter. Marshall Wace LLP now owns 1,358,467 shares of the company's stock valued at $579,561,000 after purchasing an additional 520,337 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Ferrari by 380.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 243,306 shares of the company's stock valued at $107,770,000 after buying an additional 192,694 shares during the last quarter.

Ferrari Trading Down 0.2%

NYSE:RACE traded down $1.19 during mid-day trading on Monday, reaching $497.56. The company's stock had a trading volume of 54,664 shares, compared to its average volume of 329,650. Ferrari has a twelve month low of $391.54 and a twelve month high of $509.13. The company's fifty day simple moving average is $447.01 and its two-hundred day simple moving average is $446.83. The stock has a market cap of $120.60 billion, a P/E ratio of 54.27, a P/E/G ratio of 4.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.57 and a quick ratio of 3.55.

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

Ferrari Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, May 6th. Investors of record on Wednesday, April 23rd were given a dividend of $3.1265 per share. This represents a yield of 0.5%. This is a boost from Ferrari's previous annual dividend of $2.44. The ex-dividend date of this dividend was Wednesday, April 23rd. Ferrari's dividend payout ratio is 5.45%.

Analyst Ratings Changes

Several research analysts have commented on RACE shares. UBS Group lifted their price target on Ferrari from $520.00 to $560.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Kepler Capital Markets upgraded Ferrari from a "hold" rating to a "buy" rating in a research report on Friday, March 28th. StockNews.com downgraded shares of Ferrari from a "buy" rating to a "hold" rating in a report on Thursday. Barclays raised Ferrari from an "equal weight" rating to an "overweight" rating in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Ferrari from $525.00 to $460.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Two investment 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.com, Ferrari currently has an average 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.