San Francisco Sentry Investment Group CA cut its holdings in Ferrari NV (NYSE:RACE) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,962 shares of the company’s stock after selling 780 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Ferrari were worth $670,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Navellier & Associates Inc grew its stake in Ferrari by 4.2% during the second quarter. Navellier & Associates Inc now owns 66,450 shares of the company’s stock worth $8,971,000 after purchasing an additional 2,668 shares during the period. Wedbush Securities Inc. grew its stake in Ferrari by 16.4% during the second quarter. Wedbush Securities Inc. now owns 2,945 shares of the company’s stock worth $398,000 after purchasing an additional 415 shares during the period. Sei Investments Co. grew its stake in Ferrari by 9.2% during the second quarter. Sei Investments Co. now owns 101,437 shares of the company’s stock worth $13,697,000 after purchasing an additional 8,505 shares during the period. Baskin Financial Services Inc. grew its stake in Ferrari by 6.4% during the second quarter. Baskin Financial Services Inc. now owns 66,227 shares of the company’s stock worth $8,941,000 after purchasing an additional 3,973 shares during the period. Finally, State of Wisconsin Investment Board acquired a new stake in Ferrari during the second quarter worth approximately $12,756,000. 32.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ferrari opened at $120.63 on Friday, Marketbeat reports. The company has a quick ratio of 2.71, a current ratio of 3.36 and a debt-to-equity ratio of 2.00. Ferrari NV has a 52 week low of $103.65 and a 52 week high of $149.85. The company has a market capitalization of $23.40 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 2.26 and a beta of 1.28.

Ferrari (NYSE:RACE) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.10. Ferrari had a return on equity of 72.38% and a net margin of 17.18%. The firm had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $925.46 million. During the same quarter last year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. research analysts predict that Ferrari NV will post 3.17 EPS for the current year.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Ferrari from a “sell” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday, May 8th. Credit Suisse Group raised their target price on Ferrari from $150.00 to $156.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Morgan Stanley raised their target price on Ferrari from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 22nd. ValuEngine raised Ferrari from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Goldman Sachs Group assumed coverage on Ferrari in a research note on Friday, May 25th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $136.57.

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.

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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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