X Square Capital LLC acquired a new position in shares of Ferrari N.V. (NYSE:RACE – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,788 shares of the company’s stock, valued at approximately $2,139,000.
Other large investors have also modified their holdings of the company. Benjamin Edwards Inc. raised its holdings in Ferrari by 3.7% in the second quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock valued at $299,000 after buying an additional 22 shares during the period. Wealth Alliance LLC raised its holdings in Ferrari by 2.0% in the third quarter. Wealth Alliance LLC now owns 1,251 shares of the company’s stock valued at $607,000 after buying an additional 25 shares during the period. Pacific Sun Financial Corp raised its holdings in Ferrari by 2.5% in the third quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company’s stock valued at $489,000 after buying an additional 25 shares during the period. Horizon Investments LLC raised its holdings in Ferrari by 33.3% in the third quarter. Horizon Investments LLC now owns 104 shares of the company’s stock valued at $50,000 after buying an additional 26 shares during the period. Finally, Evergreen Capital Management LLC raised its holdings in Ferrari by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 1,928 shares of the company’s stock valued at $946,000 after buying an additional 26 shares during the period.
Ferrari Stock Up 1.4%
Shares of NYSE:RACE opened at $351.96 on Tuesday. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. Ferrari N.V. has a 52-week low of $312.51 and a 52-week high of $519.10. The company has a 50 day moving average of $343.58 and a two-hundred day moving average of $354.78. The company has a market capitalization of $82.34 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 3.30 and a beta of 0.93.
Analyst Ratings Changes
Read Our Latest Analysis on Ferrari
About Ferrari
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.
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