5,082 Shares in Ferrari N.V. $RACE Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Ferrari N.V. (NYSE:RACE) in the second quarter, according to its most recent filing with the SEC. The firm bought 5,082 shares of the company’s stock, valued at approximately $2,494,000.

A number of other institutional investors also recently bought and sold shares of RACE. Goldman Sachs Group Inc. boosted its stake in Ferrari by 52.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company’s stock worth $974,332,000 after purchasing an additional 781,587 shares in the last quarter. Groupe la Francaise acquired a new stake in Ferrari in the 1st quarter worth approximately $238,818,000. Nuveen LLC acquired a new stake in Ferrari in the 1st quarter worth approximately $233,200,000. Vanguard Group Inc. boosted its stake in Ferrari by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company’s stock worth $2,165,683,000 after purchasing an additional 377,929 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Ferrari by 155.1% in the 1st quarter. Citigroup Inc. now owns 269,862 shares of the company’s stock worth $115,469,000 after purchasing an additional 164,092 shares in the last quarter.

Ferrari Stock Performance

RACE opened at $395.67 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94. The firm has a fifty day moving average price of $454.52 and a 200 day moving average price of $467.48. Ferrari N.V. has a 1 year low of $372.31 and a 1 year high of $519.10. The stock has a market cap of $95.90 billion, a P/E ratio of 40.83, a P/E/G ratio of 4.15 and a beta of 1.08.

Ferrari (NYSE:RACE) last posted its earnings results on Thursday, July 31st. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.13. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the business posted $2.29 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. HSBC upgraded shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 target price for the company in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Cfra Research cut shares of Ferrari from a “hold” rating to a “moderate sell” rating in a research note on Thursday, July 31st. UBS Group decreased their price objective on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Finally, Citigroup decreased their price objective on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ferrari has a consensus rating of “Buy” and an average price target of $505.50.

Ferrari 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.