Certuity LLC Sells 133 Shares of Ferrari (NYSE:RACE)

Certuity LLC lowered its position in shares of Ferrari (NYSE:RACE) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 522 shares of the company’s stock after selling 133 shares during the quarter. Certuity LLC’s holdings in Ferrari were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RACE. Hanson & Doremus Investment Management purchased a new stake in shares of Ferrari during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Ferrari in the 3rd quarter valued at $29,000. Planning Capital Management Corp bought a new position in Ferrari in the 3rd quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of Ferrari during the 3rd quarter valued at $33,000. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Ferrari by 100.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 100 shares of the company’s stock worth $42,000 after purchasing an additional 50 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RACE. Deutsche Bank Aktiengesellschaft began coverage on shares of Ferrari in a research report on Thursday, February 6th. They set a “hold” rating for the company. Barclays downgraded shares of Ferrari from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 5th. UBS Group lifted their price target on shares of Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. StockNews.com upgraded Ferrari from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Evercore ISI raised their target price on Ferrari from $475.00 to $565.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $507.14.

Ferrari Stock Performance

NYSE:RACE opened at $490.66 on Friday. The business’s fifty day moving average is $437.42 and its 200 day moving average is $450.86. The firm has a market cap of $119.60 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 4.04 and a beta of 0.95. 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 $378.80 and a 52-week high of $498.23.

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.