Ferrari N.V. $RACE Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its stake in Ferrari N.V. (NYSE:RACEFree Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 973,583 shares of the company’s stock after acquiring an additional 36,670 shares during the period. Deutsche Bank AG’s holdings in Ferrari were worth $359,797,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in Ferrari during the fourth quarter valued at about $779,894,000. Groupama Asset Managment grew its position in Ferrari by 5.7% during the third quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock valued at $8,244,189,000 after acquiring an additional 916,821 shares during the period. Ninety One UK Ltd purchased a new stake in Ferrari during the fourth quarter valued at about $338,785,000. Viking Global Investors LP grew its position in Ferrari by 432.7% during the second quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock valued at $353,526,000 after acquiring an additional 585,872 shares during the period. Finally, Credit Agricole S A purchased a new stake in Ferrari during the third quarter valued at about $279,003,000.

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Ferrari Price Performance

Shares of NYSE RACE opened at $347.68 on Thursday. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $519.10. The business has a 50-day moving average of $344.79 and a 200-day moving average of $354.31. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.20 and a quick ratio of 4.08. The company has a market capitalization of $81.34 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 3.40 and a beta of 0.93.

Analyst Upgrades and Downgrades

RACE has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a research report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research report on Friday, April 10th. Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Morgan Stanley set a $420.00 price target on Ferrari in a research report on Monday, February 16th. Finally, JPMorgan Chase & Co. boosted their price target on Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $469.06.

View Our Latest Report on RACE

Ferrari Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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