46,241 Shares in Ferrari (NYSE:RACE) Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new position in Ferrari (NYSE:RACE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 46,241 shares of the company’s stock, valued at approximately $20,176,000.

Other institutional investors also recently bought and sold shares of the company. IAG Wealth Partners LLC acquired a new stake in Ferrari in the 1st quarter worth about $33,000. Register Financial Advisors LLC acquired a new position in shares of Ferrari during the 1st quarter worth approximately $33,000. Jamison Private Wealth Management Inc. acquired a new position in shares of Ferrari during the 4th quarter worth approximately $27,000. Pittenger & Anderson Inc. boosted its holdings in shares of Ferrari by 168.6% during the 1st quarter. Pittenger & Anderson Inc. now owns 94 shares of the company’s stock worth $41,000 after purchasing an additional 59 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of Ferrari by 320.0% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 105 shares of the company’s stock worth $35,000 after purchasing an additional 80 shares during the last quarter.

Ferrari Trading Down 1.4 %

Shares of Ferrari stock traded down $6.12 during trading hours on Friday, reaching $416.31. 102,679 shares of the company were exchanged, compared to its average volume of 187,750. Ferrari has a 1 year low of $285.02 and a 1 year high of $442.80. The stock’s fifty day moving average is $417.56 and its 200 day moving average is $404.57. The company has a quick ratio of 3.25, a current ratio of 4.18 and a debt-to-equity ratio of 0.80.

Ferrari (NYSE:RACE) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.08. Ferrari had a return on equity of 43.94% and a net margin of 21.42%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.73 billion. As a group, equities research analysts forecast that Ferrari will post 8.2 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Ferrari in a report on Friday, May 10th. They set a “hold” rating and a $403.00 target price on the stock. UBS Group boosted their target price on Ferrari from $448.00 to $478.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Evercore ISI lifted their price target on shares of Ferrari from $430.00 to $465.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. StockNews.com lowered shares of Ferrari from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $400.00 target price on shares of Ferrari in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $461.67.

Ferrari Company 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.