San Francisco Sentry Investment Group CA purchased a new position in shares of Ferrari N.V. (NYSE:RACE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,772 shares of the company’s stock, valued at approximately $410,000.

A number of other large investors also recently made changes to their positions in RACE. Bank of New York Mellon Corp raised its stake in Ferrari N.V. by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 362,052 shares of the company’s stock worth $26,923,000 after acquiring an additional 10,215 shares in the last quarter. Comerica Bank raised its stake in Ferrari N.V. by 1.3% during the 1st quarter. Comerica Bank now owns 10,857 shares of the company’s stock worth $821,000 after acquiring an additional 144 shares in the last quarter. M&T Bank Corp acquired a new stake in Ferrari N.V. during the 1st quarter worth $224,000. Stifel Financial Corp raised its stake in Ferrari N.V. by 133.4% during the 1st quarter. Stifel Financial Corp now owns 17,499 shares of the company’s stock worth $1,298,000 after acquiring an additional 10,002 shares in the last quarter. Finally, Cipher Capital LP acquired a new stake in Ferrari N.V. during the 1st quarter worth $233,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

Several brokerages recently commented on RACE. UBS AG reiterated a “buy” rating and set a $125.00 price target (up from $100.00) on shares of Ferrari N.V. in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) began coverage on shares of Ferrari N.V. in a research note on Wednesday, September 13th. They set a “neutral” rating and a $131.00 price target on the stock. Evercore ISI lifted their price target on shares of Ferrari N.V. from $46.00 to $105.00 and gave the stock an “in-line” rating in a research note on Friday, September 1st. Berenberg Bank reiterated a “buy” rating on shares of Ferrari N.V. in a research note on Monday, August 14th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $100.00 price target (up from $90.00) on shares of Ferrari N.V. in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $101.75.

Ferrari N.V. (NYSE:RACE) traded down 1.06% on Thursday, reaching $113.24. 129,304 shares of the company’s stock were exchanged. The firm has a market capitalization of $21.40 billion, a price-to-earnings ratio of 36.95 and a beta of 1.70. The stock’s 50 day moving average price is $112.42 and its 200 day moving average price is $93.03. Ferrari N.V. has a 1-year low of $50.39 and a 1-year high of $118.10.

Ferrari N.V. (NYSE:RACE) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.13. Ferrari N.V. had a net margin of 14.43% and a return on equity of 128.49%. The business had revenue of $1.01 billion for the quarter. On average, analysts expect that Ferrari N.V. will post $3.25 earnings per share for the current year.

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Ferrari N.V. Company Profile

Ferrari NV, known as New Business Netherlands NV, is an Italy-based company, incorporated in the Netherlands, that is engaged in designing, manufacturing and selling sports cars under the Ferrari brand. Its products include nine sports car models, including seven sports cars: 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale and 458 Speciale A; as well as two grand tourer (GT) cars: California T and FF.

Institutional Ownership by Quarter for Ferrari N.V. (NYSE:RACE)

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