Baltimore Washington Financial Advisors Inc. Boosts Stake in Ferrari N.V. $RACE

Baltimore Washington Financial Advisors Inc. raised its holdings in Ferrari N.V. (NYSE:RACEFree Report) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,854 shares of the company’s stock after acquiring an additional 1,557 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Ferrari were worth $7,693,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. AQR Capital Management LLC raised its stake in Ferrari by 78.9% in the first quarter. AQR Capital Management LLC now owns 3,568 shares of the company’s stock valued at $1,527,000 after purchasing an additional 1,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ferrari by 31.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock worth $82,000 after buying an additional 46 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Ferrari during the 1st quarter valued at $1,519,000. Sivia Capital Partners LLC increased its stake in Ferrari by 67.5% in the second quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock valued at $448,000 after acquiring an additional 368 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Ferrari by 10.7% during the second quarter. Assetmark Inc. now owns 1,982 shares of the company’s stock worth $973,000 after purchasing an additional 192 shares during the last quarter.

Ferrari Trading Down 2.2%

NYSE RACE opened at $350.10 on Friday. The stock’s 50 day moving average is $358.69 and its 200 day moving average is $402.84. The company has a quick ratio of 4.38, a current ratio of 5.70 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $81.91 billion, a PE ratio of 34.63, a P/E/G ratio of 3.49 and a beta of 0.97. Ferrari N.V. has a twelve month low of $328.00 and a twelve month high of $519.10.

Ferrari Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Tuesday, April 21st will be issued a $3.615 dividend. This represents a yield of 99.0%. This is a boost from Ferrari’s previous annual dividend of $3.13. The ex-dividend date is Tuesday, April 21st.

Trending Headlines about Ferrari

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Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. BNP Paribas Exane raised Ferrari to a “strong-buy” rating in a report on Thursday, December 11th. Barclays set a $420.00 price target on shares of Ferrari and gave the company an “overweight” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. raised their price target on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a report on Tuesday. HSBC restated a “hold” rating on shares of Ferrari in a research report on Tuesday, January 13th. Finally, Oddo Bhf downgraded shares of Ferrari to a “neutral” rating in a research note on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $475.61.

View Our Latest Stock Analysis on RACE

About Ferrari

(Free Report)

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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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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