Good Life Advisors LLC Acquires 398 Shares of Ferrari (NYSE:RACE)

Good Life Advisors LLC lifted its holdings in shares of Ferrari (NYSE:RACE) by 36.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,495 shares of the company’s stock after purchasing an additional 398 shares during the quarter. Good Life Advisors LLC’s holdings in Ferrari were worth $635,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Elite Wealth Management Inc. raised its position in Ferrari by 1.0% in the third quarter. Elite Wealth Management Inc. now owns 2,606 shares of the company’s stock worth $1,225,000 after purchasing an additional 25 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Ferrari by 13.6% in the 3rd quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $102,000 after buying an additional 26 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Ferrari by 10.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 329 shares of the company’s stock worth $140,000 after buying an additional 30 shares during the period. Caprock Group LLC boosted its stake in Ferrari by 1.7% in the 3rd quarter. Caprock Group LLC now owns 1,823 shares of the company’s stock valued at $857,000 after buying an additional 31 shares in the last quarter. Finally, EWA LLC grew its position in Ferrari by 6.6% in the third quarter. EWA LLC now owns 518 shares of the company’s stock valued at $228,000 after acquiring an additional 32 shares during the period.

Ferrari Trading Down 0.8 %

Shares of NYSE RACE opened at $500.59 on Thursday. Ferrari has a 1-year low of $389.34 and a 1-year high of $508.03. The company has a 50-day moving average of $442.46 and a two-hundred day moving average of $453.75. The company has a market cap of $122.02 billion, a PE ratio of 54.71, a P/E/G ratio of 4.40 and a beta of 0.95. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93.

Wall Street Analyst Weigh In

RACE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Ferrari in a report on Thursday, February 6th. They set a “hold” rating for the company. StockNews.com upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Barclays lowered shares of Ferrari from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 5th. Finally, UBS Group boosted their target price on Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $507.14.

Ferrari Company Profile

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.