Advyzon Investment Management LLC Makes New Investment in Ferrari (NYSE:RACE)

Advyzon Investment Management LLC acquired a new position in shares of Ferrari (NYSE:RACE) in the 4th quarter, HoldingsChannel reports. The fund acquired 604 shares of the company’s stock, valued at approximately $257,000.

A number of other hedge funds have also made changes to their positions in RACE. Jennison Associates LLC grew its position in shares of Ferrari by 910.1% in the 3rd quarter. Jennison Associates LLC now owns 2,926,616 shares of the company’s stock valued at $1,368,622,000 after buying an additional 2,636,869 shares during the last quarter. Bank of Italy lifted its holdings in shares of Ferrari by 2.8% in the 4th quarter. Bank of Italy now owns 2,339,620 shares of the company’s stock valued at $1,002,392,000 after purchasing an additional 63,675 shares during the last quarter. International Assets Investment Management LLC grew its stake in Ferrari by 47,023.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,180,916 shares of the company’s stock worth $5,551,600,000 after buying an additional 1,178,410 shares during the last quarter. Swiss National Bank increased its position in Ferrari by 0.5% during the third quarter. Swiss National Bank now owns 377,857 shares of the company’s stock worth $177,157,000 after buying an additional 1,914 shares during the period. Finally, Barclays PLC lifted its stake in Ferrari by 6.1% in the third quarter. Barclays PLC now owns 286,564 shares of the company’s stock valued at $134,719,000 after buying an additional 16,428 shares during the last quarter.

Ferrari Trading Up 1.4 %

NYSE RACE opened at $508.07 on Friday. The company has a quick ratio of 3.55, a current ratio of 4.57 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $123.84 billion, a P/E ratio of 55.53, a P/E/G ratio of 4.40 and a beta of 0.95. Ferrari has a 52-week low of $393.92 and a 52-week high of $508.15. The firm has a 50-day moving average price of $443.58 and a 200 day moving average price of $454.12.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Ferrari in a research report on Thursday, February 6th. They set a “hold” rating on the stock. StockNews.com raised shares of Ferrari from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Barclays lowered Ferrari from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $507.14.

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.