Navellier & Associates Inc. Has $5.30 Million Position in Ferrari (NYSE:RACE)

Navellier & Associates Inc. boosted its position in Ferrari (NYSE:RACE) by 3.7% in the fourth quarter, Holdings Channel.com reports. 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Allianz Asset Management GmbH increased its holdings in Ferrari by 1.6% in the 4th quarter. Allianz Asset Management GmbH now owns 122,568 shares of the company’s stock worth $52,075,000 after purchasing an additional 1,940 shares in the last quarter. Flossbach Von Storch SE increased its stake in shares of Ferrari by 18.7% in the fourth quarter. Flossbach Von Storch SE now owns 41,491 shares of the company’s stock valued at $17,717,000 after buying an additional 6,533 shares during the period. Pacific Sun Financial Corp increased its stake in shares of Ferrari by 7.6% in the fourth quarter. Pacific Sun Financial Corp now owns 968 shares of the company’s stock valued at $411,000 after buying an additional 68 shares during the period. Advyzon Investment Management LLC acquired a new stake in shares of Ferrari in the fourth quarter valued at about $257,000. Finally, Good Life Advisors LLC increased its stake in shares of Ferrari by 36.3% in the fourth quarter. Good Life Advisors LLC now owns 1,495 shares of the company’s stock valued at $635,000 after buying an additional 398 shares during the period.

Ferrari Stock Down 0.8 %

Shares of Ferrari stock opened at $503.88 on Friday. Ferrari has a one year low of $399.27 and a one year high of $508.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.57 and a quick ratio of 3.55. The stock’s 50-day moving average is $444.58 and its 200 day moving average is $454.68. The firm has a market cap of $122.82 billion, a price-to-earnings ratio of 55.07, a PEG ratio of 4.43 and a beta of 0.95.

Analysts Set New Price Targets

RACE has been the subject of several recent research reports. Barclays cut Ferrari from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 5th. StockNews.com raised Ferrari from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Ferrari in a research note on Thursday, February 6th. They issued a “hold” rating for the company. Finally, UBS Group increased their price target on Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.