14,158 Shares in Ferrari N.V. $RACE Acquired by Leonteq Securities AG

Leonteq Securities AG purchased a new position in Ferrari N.V. (NYSE:RACE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,158 shares of the company’s stock, valued at approximately $5,232,000.

Several other hedge funds have also made changes to their positions in the stock. Benjamin Edwards Inc. lifted its holdings in shares of Ferrari by 3.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock worth $299,000 after purchasing an additional 22 shares during the last quarter. Wealth Alliance LLC lifted its holdings in shares of Ferrari by 2.0% in the 3rd quarter. Wealth Alliance LLC now owns 1,251 shares of the company’s stock worth $607,000 after purchasing an additional 25 shares during the last quarter. Pacific Sun Financial Corp lifted its holdings in shares of Ferrari by 2.5% in the 3rd quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company’s stock worth $489,000 after purchasing an additional 25 shares during the last quarter. Horizon Investments LLC lifted its holdings in shares of Ferrari by 33.3% in the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after purchasing an additional 26 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Ferrari by 1.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,928 shares of the company’s stock worth $946,000 after purchasing an additional 26 shares during the last quarter.

Ferrari Stock Performance

RACE stock opened at $341.32 on Thursday. The company has a market capitalization of $79.85 billion, a P/E ratio of 32.75, a PEG ratio of 3.15 and a beta of 0.95. The company has a 50-day simple moving average of $339.46 and a 200 day simple moving average of $360.53. Ferrari N.V. has a fifty-two week low of $312.51 and a fifty-two week high of $519.10. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72.

Analyst Upgrades and Downgrades

RACE has been the topic of several recent research reports. UBS Group cut their price target on Ferrari from $555.00 to $483.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Morgan Stanley set a $420.00 target price on Ferrari in a research note on Monday, February 16th. Zacks Research raised Ferrari from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $469.06.

Ferrari Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.