Ferrari (NYSE:RACE) Shares Sold by Caprock Group LLC

Caprock Group LLC decreased its holdings in Ferrari (NYSE:RACEFree Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 760 shares of the company’s stock after selling 75 shares during the quarter. Caprock Group LLC’s holdings in Ferrari were worth $257,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Blue Trust Inc. increased its holdings in Ferrari by 37.0% in the fourth quarter. Blue Trust Inc. now owns 111 shares of the company’s stock valued at $38,000 after buying an additional 30 shares during the last quarter. Merlin Capital Inc increased its holdings in Ferrari by 1.3% in the third quarter. Merlin Capital Inc now owns 2,496 shares of the company’s stock valued at $738,000 after buying an additional 32 shares during the last quarter. Simplicity Solutions LLC increased its holdings in Ferrari by 2.8% in the third quarter. Simplicity Solutions LLC now owns 1,411 shares of the company’s stock valued at $417,000 after buying an additional 39 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Ferrari by 1.8% in the third quarter. Stratos Wealth Partners LTD. now owns 2,217 shares of the company’s stock valued at $655,000 after buying an additional 39 shares during the last quarter. Finally, PICTET BANK & TRUST Ltd increased its holdings in Ferrari by 0.9% in the third quarter. PICTET BANK & TRUST Ltd now owns 4,695 shares of the company’s stock valued at $1,390,000 after buying an additional 40 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RACE. BNP Paribas cut Ferrari from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 13th. UBS Group increased their price target on Ferrari from $413.00 to $448.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. HSBC cut Ferrari from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Citigroup cut Ferrari from a “neutral” rating to a “sell” rating in a research report on Monday, March 4th. Finally, StockNews.com upgraded Ferrari from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $337.00.

Check Out Our Latest Report on Ferrari

Ferrari Stock Down 1.0 %

Shares of NYSE RACE opened at $431.76 on Tuesday. The stock has a fifty day moving average price of $399.78 and a two-hundred day moving average price of $355.06. The company has a quick ratio of 2.98, a current ratio of 3.91 and a debt-to-equity ratio of 0.81. Ferrari has a 1 year low of $268.80 and a 1 year high of $442.80.

Ferrari (NYSE:RACEGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.61 billion. Ferrari had a return on equity of 43.84% and a net margin of 21.06%. As a group, equities analysts forecast that Ferrari will post 8.45 earnings per share for the current fiscal year.

About Ferrari

(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

Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

Receive News & Ratings for Ferrari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrari and related companies with MarketBeat.com's FREE daily email newsletter.