Amundi Pioneer Asset Management Inc. raised its holdings in shares of Ferrari (NYSE:RACE) by 15.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,800,978 shares of the company’s stock after acquiring an additional 240,272 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.97% of Ferrari worth $413,361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Ferrari during the 4th quarter valued at $439,841,000. Price T Rowe Associates Inc. MD lifted its holdings in Ferrari by 4.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,996,362 shares of the company’s stock valued at $1,835,620,000 after purchasing an additional 322,796 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in Ferrari during the 4th quarter valued at $65,071,000. Barclays PLC lifted its holdings in Ferrari by 47.8% during the 4th quarter. Barclays PLC now owns 527,793 shares of the company’s stock valued at $121,137,000 after purchasing an additional 170,747 shares during the last quarter. Finally, Bank of Italy lifted its holdings in Ferrari by 9.1% during the 4th quarter. Bank of Italy now owns 1,993,994 shares of the company’s stock valued at $461,594,000 after purchasing an additional 165,750 shares during the last quarter. 32.49% of the stock is owned by institutional investors.

Ferrari stock opened at $208.80 on Thursday. Ferrari has a one year low of $147.08 and a one year high of $233.66. The company has a debt-to-equity ratio of 1.80, a current ratio of 4.63 and a quick ratio of 3.93. The stock’s 50 day moving average is $199.04 and its 200 day moving average is $203.64. The firm has a market cap of $38.58 billion, a P/E ratio of 67.14, a P/E/G ratio of 4.59 and a beta of 1.00.

Ferrari (NYSE:RACE) last announced its quarterly earnings results on Monday, February 1st. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.24. Ferrari had a return on equity of 34.85% and a net margin of 15.50%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Ferrari’s revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that Ferrari will post 3.31 earnings per share for the current fiscal year.

RACE has been the subject of several research reports. Morgan Stanley raised their price target on Ferrari from $265.00 to $273.00 and gave the company an “overweight” rating in a report on Wednesday, February 3rd. Citigroup cut Ferrari from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 3rd. UBS Group lowered their price objective on Ferrari from $247.00 to $238.00 and set a “buy” rating on the stock in a research report on Tuesday, March 30th. HSBC cut Ferrari from a “buy” rating to a “hold” rating in a research report on Thursday, February 11th. Finally, Smith Barney Citigroup cut Ferrari from a “buy” rating to a “neutral” rating in a research report on Thursday, January 7th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Ferrari has an average rating of “Hold” and a consensus price target of $212.60.

Ferrari Company Profile

Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; one-off and track cars; and Icona cars. It also provides racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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