3,600 Shares in Ferrari N.V. $RACE Purchased by First Nebraska Trust Co

First Nebraska Trust Co acquired a new stake in shares of Ferrari N.V. (NYSE:RACE – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 3,600 shares of the company’s stock, valued at approximately $1,414,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC boosted its position in shares of Ferrari by 1,625.0% during the second quarter. Anchor Investment Management LLC now owns 69 shares of the company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Dunhill Financial LLC purchased a new position in Ferrari during the second quarter valued at $38,000. Ameritas Advisory Services LLC bought a new stake in Ferrari in the 2nd quarter valued at $38,000. Grove Bank & Trust lifted its stake in Ferrari by 51.5% in the 3rd quarter. Grove Bank & Trust now owns 100 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares in the last quarter. Finally, William Mack & Associates Inc. bought a new position in shares of Ferrari during the 3rd quarter valued at about $40,000.

Ferrari Trading Up 3.0%

RACE stock opened at $415.02 on Wednesday. The company’s 50-day simple moving average is $402.54 and its 200-day simple moving average is $369.92. Ferrari N.V. has a 52-week low of $312.51 and a 52-week high of $437.15. The firm has a market cap of $97.09 billion, a P/E ratio of 38.53, a PEG ratio of 3.62 and a beta of 0.89. The company has a quick ratio of 3.70, a current ratio of 4.85 and a debt-to-equity ratio of 0.86.

Ferrari (NYSE:RACE – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.10. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the firm posted $2.14 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Ferrari N.V. will post 11.10 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RACE shares. Royal Bank Of Canada restated a “buy” rating on shares of Ferrari in a research report on Monday, September 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Ferrari in a research report on Tuesday, August 11th. UBS Group cut their price target on Ferrari from $490.00 to $450.00 and set a “buy” rating for the company in a report on Monday, October 5th. Barclays restated a “buy” rating on shares of Ferrari in a research report on Monday, August 10th. Finally, Citigroup reissued a “neutral” rating on shares of Ferrari in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $456.71.

View Our Latest Stock Analysis on RACE

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

Ferrari Profile

(Free Report)

Ferrari N.V. is an Italian luxury automotive company that designs, develops, manufactures and sells high-performance sports cars. Its vehicle portfolio includes grand touring models, mid- and rear-engine sports cars, limited-edition special series and high-performance supercars. Ferrari also offers extensive personalization options, allowing customers to tailor vehicle specifications, materials and finishes.

The company traces its origins to 1939, when Enzo Ferrari established Auto Avio Costruzioni, and it produced its first Ferrari-badged car in 1947.

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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