Vanguard Personalized Indexing Management LLC Boosts Stock Position in Ferrari (NYSE:RACE)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Ferrari (NYSE:RACEFree Report) by 1.3% in the 4th quarter, HoldingsChannel reports. The fund owned 3,862 shares of the company’s stock after buying an additional 51 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ferrari were worth $1,307,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in Ferrari by 1.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,247 shares of the company’s stock valued at $1,437,000 after acquiring an additional 40 shares during the period. Vanguard Group Inc. boosted its holdings in Ferrari by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,441,408 shares of the company’s stock valued at $1,312,614,000 after acquiring an additional 61,132 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Ferrari by 12.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,140 shares of the company’s stock valued at $632,000 after acquiring an additional 230 shares during the period. Alphinity Investment Management Pty Ltd purchased a new stake in Ferrari during the 3rd quarter valued at about $157,620,000. Finally, Syntal Capital Partners LLC purchased a new stake in Ferrari during the 3rd quarter valued at about $511,000.

Analyst Ratings Changes

Several brokerages recently weighed in on RACE. Morgan Stanley restated an “overweight” rating and set a $400.00 target price on shares of Ferrari in a report on Monday, April 22nd. Evercore ISI increased their price objective on Ferrari from $430.00 to $465.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Jefferies Financial Group initiated coverage on Ferrari in a report on Friday, May 10th. They issued a “hold” rating and a $403.00 price objective for the company. StockNews.com cut Ferrari from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, Barclays cut Ferrari from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $456.67.

Get Our Latest Stock Report on RACE

Ferrari Trading Up 0.7 %

Shares of NYSE:RACE opened at $422.30 on Friday. Ferrari has a 52-week low of $283.20 and a 52-week high of $442.80. The stock has a 50 day moving average price of $420.64 and a 200-day moving average price of $383.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.18 and a quick ratio of 3.25.

Ferrari Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were given a $2.443 dividend. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, April 22nd.

Ferrari Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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