Ameritas Advisory Services LLC Has $773,000 Stock Holdings in Ferrari N.V. $RACE

Ameritas Advisory Services LLC grew its position in Ferrari N.V. (NYSE:RACEFree Report) by 1,072.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,594 shares of the company’s stock after acquiring an additional 1,458 shares during the period. Ameritas Advisory Services LLC’s holdings in Ferrari were worth $773,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RACE. AQR Capital Management LLC raised its position 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ferrari by 31.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock valued at $82,000 after buying an additional 46 shares during the period. Woodline Partners LP bought a new position in Ferrari in the 1st quarter valued at approximately $1,519,000. Sivia Capital Partners LLC raised its holdings in Ferrari by 67.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock valued at $448,000 after buying an additional 368 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Ferrari by 23.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,448 shares of the company’s stock worth $711,000 after buying an additional 276 shares during the period.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RACE. The Goldman Sachs Group raised shares of Ferrari to a “strong-buy” rating in a research note on Monday, November 24th. Barclays set a $420.00 target price on Ferrari and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Ferrari in a research report on Wednesday. Evercore lowered their price objective on Ferrari from $580.00 to $475.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $410.00 target price on shares of Ferrari in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Ferrari presently has a consensus rating of “Moderate Buy” and an average price target of $482.17.

Read Our Latest Analysis on RACE

Ferrari Stock Performance

Shares of RACE stock opened at $378.83 on Friday. The firm has a 50 day moving average of $360.34 and a 200-day moving average of $411.32. The company has a market cap of $91.82 billion, a price-to-earnings ratio of 37.47, a price-to-earnings-growth ratio of 3.64 and a beta of 0.99. The company has a quick ratio of 3.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.76. Ferrari N.V. has a 52 week low of $328.00 and a 52 week high of $519.10.

Ferrari Profile

(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.

Further Reading

Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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