Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Ferrari NV (NYSE:RACE) in the 3rd quarter, Holdings Channel reports. The firm acquired 880 shares of the company’s stock, valued at approximately $120,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Kemnay Advisory Services Inc. grew its stake in shares of Ferrari by 11.6% during the third quarter. Kemnay Advisory Services Inc. now owns 13,509 shares of the company’s stock worth $1,850,000 after buying an additional 1,408 shares during the last quarter. Assetmark Inc. grew its stake in shares of Ferrari by 5.4% during the third quarter. Assetmark Inc. now owns 89,373 shares of the company’s stock worth $12,236,000 after buying an additional 4,603 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ferrari during the third quarter worth $726,000. Hsbc Holdings PLC grew its stake in shares of Ferrari by 183.9% during the third quarter. Hsbc Holdings PLC now owns 103,484 shares of the company’s stock worth $14,171,000 after buying an additional 67,027 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA grew its stake in shares of Ferrari by 76.9% during the third quarter. Compagnie Lombard Odier SCmA now owns 12,800 shares of the company’s stock worth $1,763,000 after buying an additional 5,565 shares during the last quarter. Institutional investors and hedge funds own 34.54% of the company’s stock.

Shares of Ferrari stock traded down $2.33 during trading on Thursday, hitting $106.04. The company’s stock had a trading volume of 4,439 shares, compared to its average volume of 558,640. The company has a quick ratio of 3.40, a current ratio of 4.05 and a debt-to-equity ratio of 1.53. Ferrari NV has a 52 week low of $102.37 and a 52 week high of $149.85. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 1.87 and a beta of 1.40.

Ferrari (NYSE:RACE) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.02. Ferrari had a net margin of 21.34% and a return on equity of 62.07%. The company had revenue of $838.00 million for the quarter, compared to analysts’ expectations of $864.50 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Ferrari’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Ferrari NV will post 3.57 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. ValuEngine cut shares of Ferrari from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Zacks Investment Research cut shares of Ferrari from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 7th. Jefferies Financial Group cut shares of Ferrari from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Societe Generale raised shares of Ferrari from a “sell” rating to a “hold” rating and boosted their target price for the stock from $94.00 to $130.00 in a research note on Wednesday, October 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 target price (up previously from $120.00) on shares of Ferrari in a research note on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $145.67.

ILLEGAL ACTIVITY WARNING: “880 Shares in Ferrari NV (RACE) Acquired by Mitsubishi UFJ Securities Holdings Co. Ltd.” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/880-shares-in-ferrari-nv-race-acquired-by-mitsubishi-ufj-securities-holdings-co-ltd/2665556.html.

About Ferrari

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports cars, GT cars, special series cars, limited edition supercars, limited editions series, and one-off cars; and open air roadsters and two-seater mid-rear-engined roadsters.

Featured Story: What is an SEC Filing?

Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari NV (NYSE:RACE).

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.