Navellier & Associates Inc. Purchases 445 Shares of Ferrari (NYSE:RACE)

Navellier & Associates Inc. boosted its position in Ferrari (NYSE:RACE) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,471 shares of the company’s stock after purchasing an additional 445 shares during the quarter. Navellier & Associates Inc.’s holdings in Ferrari were worth $5,298,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sapient Capital LLC boosted its stake in Ferrari by 1.0% in the 4th quarter. Sapient Capital LLC now owns 67,322 shares of the company’s stock valued at $28,737,000 after purchasing an additional 653 shares during the period. Cerity Partners LLC boosted its stake in Ferrari by 14.0% in the 3rd quarter. Cerity Partners LLC now owns 26,915 shares of the company’s stock valued at $12,653,000 after purchasing an additional 3,308 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ferrari by 156.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,400 shares of the company’s stock valued at $2,731,000 after purchasing an additional 3,900 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Ferrari by 123.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 9,005 shares of the company’s stock valued at $3,826,000 after acquiring an additional 4,983 shares during the period. Finally, Mediolanum International Funds Ltd lifted its position in shares of Ferrari by 24.7% during the 4th quarter. Mediolanum International Funds Ltd now owns 9,071 shares of the company’s stock valued at $3,874,000 after acquiring an additional 1,796 shares during the period.

Ferrari Price Performance

Ferrari stock opened at $503.88 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. Ferrari has a 52 week low of $399.27 and a 52 week high of $508.20. The stock has a market capitalization of $122.82 billion, a P/E ratio of 55.07, a price-to-earnings-growth ratio of 4.43 and a beta of 0.95. The stock has a fifty day moving average of $444.58 and a 200-day moving average of $454.68.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RACE. UBS Group upped their target price on Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on Ferrari in a research report on Thursday, February 6th. They set a “hold” rating for the company. StockNews.com upgraded Ferrari from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Barclays downgraded Ferrari from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ferrari presently has an average rating of “Moderate Buy” and an average price target 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.