1,828 Shares in Ferrari N.V. $RACE Bought by Stableford Capital II LLC

Stableford Capital II LLC purchased a new position in Ferrari N.V. (NYSE:RACE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,828 shares of the company’s stock, valued at approximately $676,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of Ferrari during the 3rd quarter worth approximately $27,000. Westside Investment Management Inc. increased its stake in shares of Ferrari by 100.0% during the third quarter. Westside Investment Management Inc. now owns 56 shares of the company’s stock valued at $27,000 after buying an additional 28 shares during the period. Root Financial Partners LLC purchased a new stake in Ferrari in the third quarter worth about $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ferrari in the 2nd quarter worth approximately $30,000. Finally, Community Bank N.A. purchased a new position in Ferrari during the third quarter valued at approximately $33,000.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Ferrari in a research report on Wednesday, February 11th. HSBC restated a “hold” rating on shares of Ferrari in a research note on Tuesday, January 13th. Zacks Research raised shares of Ferrari from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrari in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their target price on Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $475.61.

Ferrari Stock Up 0.2%

Shares of RACE opened at $322.84 on Friday. The stock has a 50 day moving average price of $348.00 and a 200 day moving average price of $388.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 4.38 and a current ratio of 5.70. The stock has a market capitalization of $75.53 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 3.15 and a beta of 0.97. Ferrari N.V. has a one year low of $312.51 and a one year 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%. The ex-dividend date is Tuesday, April 21st. This is a positive change from Ferrari’s previous annual dividend of $3.13.

Ferrari Profile

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.