Sapient Capital LLC Increases Holdings in Ferrari (NYSE:RACE)

Sapient Capital LLC grew its holdings in Ferrari (NYSE:RACE) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,322 shares of the company’s stock after acquiring an additional 653 shares during the quarter. Sapient Capital LLC’s holdings in Ferrari were worth $28,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RACE. Panoramic Capital Partners LLC acquired a new stake in Ferrari during the 4th quarter worth $322,000. Savant Capital LLC grew its holdings in shares of Ferrari by 26.0% during the fourth quarter. Savant Capital LLC now owns 563 shares of the company’s stock worth $239,000 after purchasing an additional 116 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Ferrari by 705.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 137 shares of the company’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Ferrari by 7.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 2,839 shares of the company’s stock valued at $1,206,000 after purchasing an additional 205 shares during the last quarter. Finally, Triasima Portfolio Management inc. boosted its position in shares of Ferrari by 8.5% in the 4th quarter. Triasima Portfolio Management inc. now owns 21,782 shares of the company’s stock valued at $9,254,000 after purchasing an additional 1,711 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on RACE shares. Barclays lowered Ferrari from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferrari in a report on Thursday, February 6th. They issued a “hold” rating on the stock. StockNews.com upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Evercore ISI lifted their price objective on shares of Ferrari from $475.00 to $565.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, UBS Group increased their target price on shares of Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. 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 company’s stock. Based on data from MarketBeat.com, Ferrari currently has an average rating of “Moderate Buy” and a consensus target price of $507.14.

Ferrari Price Performance

Shares of RACE opened at $460.86 on Tuesday. The firm has a market capitalization of $112.33 billion, a PE ratio of 50.37, a P/E/G ratio of 4.04 and a beta of 0.95. The stock’s 50 day moving average is $435.60 and its two-hundred day moving average is $449.82. Ferrari has a twelve month low of $375.31 and a twelve month high of $498.23. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93.

About Ferrari

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.