Carl P. Sherr & Co. LLC Grows Stock Holdings in Ferrari (NYSE:RACE)

Carl P. Sherr & Co. LLC grew its holdings in Ferrari (NYSE:RACE) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,142 shares of the company’s stock after purchasing an additional 90 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Ferrari were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RACE. Navellier & Associates Inc. raised its position in shares of Ferrari by 3.7% during the 4th quarter. Navellier & Associates Inc. now owns 12,471 shares of the company’s stock valued at $5,298,000 after buying an additional 445 shares during the period. Allianz Asset Management GmbH raised its position in shares of Ferrari by 1.6% during the 4th quarter. Allianz Asset Management GmbH now owns 122,568 shares of the company’s stock valued at $52,075,000 after buying an additional 1,940 shares during the period. Flossbach Von Storch SE raised its position in shares of Ferrari by 18.7% during the 4th quarter. Flossbach Von Storch SE now owns 41,491 shares of the company’s stock valued at $17,717,000 after buying an additional 6,533 shares during the period. Pacific Sun Financial Corp raised its position in shares of Ferrari by 7.6% during the 4th quarter. Pacific Sun Financial Corp now owns 968 shares of the company’s stock valued at $411,000 after buying an additional 68 shares during the period. Finally, Advyzon Investment Management LLC purchased a new stake in shares of Ferrari during the 4th quarter valued at approximately $257,000.

Analyst Ratings Changes

RACE has been the subject of several research reports. Barclays downgraded shares of Ferrari from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferrari in a report on Thursday, February 6th. They issued a “hold” rating for the company. UBS Group lifted their target price on shares of Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $507.14.

Ferrari Stock Performance

NYSE:RACE opened at $503.88 on Friday. The company has a fifty day simple moving average of $444.58 and a two-hundred day simple moving average of $454.68. The company has a market cap of $122.82 billion, a price-to-earnings ratio of 55.07, a price-to-earnings-growth ratio of 4.43 and a beta of 0.95. The company has a quick ratio of 3.55, a current ratio of 4.57 and a debt-to-equity ratio of 0.93. Ferrari has a 52 week low of $399.27 and a 52 week high of $508.20.

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.