Edmond DE Rothschild Holding S.A. Buys 336 Shares of Ferrari NV (RACE)

Edmond DE Rothschild Holding S.A. grew its stake in shares of Ferrari NV (NYSE:RACE) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,763 shares of the company’s stock after purchasing an additional 336 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Ferrari were worth $2,561,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of RACE. Winslow Capital Management LLC increased its holdings in Ferrari by 62.5% during the 3rd quarter. Winslow Capital Management LLC now owns 2,315,619 shares of the company’s stock worth $317,032,000 after purchasing an additional 890,264 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Ferrari by 23.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 3,402,871 shares of the company’s stock valued at $337,545,000 after acquiring an additional 647,066 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Ferrari by 939.8% in the third quarter. Marshall Wace LLP now owns 679,898 shares of the company’s stock valued at $93,563,000 after acquiring an additional 614,513 shares in the last quarter. FMR LLC grew its holdings in shares of Ferrari by 124.9% in the third quarter. FMR LLC now owns 582,488 shares of the company’s stock valued at $80,152,000 after acquiring an additional 323,528 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Ferrari by 290.8% in the fourth quarter. Hsbc Holdings PLC now owns 404,394 shares of the company’s stock valued at $40,213,000 after acquiring an additional 300,910 shares in the last quarter. 34.03% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on RACE shares. ValuEngine raised Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Zacks Investment Research raised Ferrari from a “sell” rating to a “hold” rating in a report on Thursday, December 20th. Sanford C. Bernstein raised Ferrari from an “underperform” rating to a “market perform” rating and set a $112.29 target price for the company in a report on Tuesday, January 15th. Finally, Credit Suisse Group reduced their target price on Ferrari from $160.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, January 28th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $133.66.

RACE stock opened at $131.19 on Friday. The company has a market capitalization of $24.69 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 1.74 and a beta of 1.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.75 and a quick ratio of 3.15. Ferrari NV has a 12-month low of $93.85 and a 12-month high of $149.85.

Ferrari (NYSE:RACE) last released its earnings results on Thursday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.26. The company had revenue of $964.27 million during the quarter, compared to analyst estimates of $967.04 million. Ferrari had a return on equity of 58.04% and a net margin of 22.91%. Analysts anticipate that Ferrari NV will post 4.04 earnings per share for the current fiscal year.

The firm also recently announced an annual dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 24th will be issued a $1.1677 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This is a positive change from Ferrari’s previous annual dividend of $0.88. This represents a dividend yield of 0.91%.

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Ferrari Company Profile

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports cars, GT cars, special series cars, limited edition supercars, limited editions series, and one-off cars; and open air roadsters and two-seater mid-rear-engined roadsters.

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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