604 Shares in Ferrari (NYSE:RACE) Purchased by Advyzon Investment Management LLC

Advyzon Investment Management LLC bought a new position in shares of Ferrari (NYSE:RACE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 604 shares of the company's stock, valued at approximately $257,000.

Several other large investors have also made changes to their positions in RACE. Good Life Advisors LLC boosted its position in Ferrari by 36.3% in the fourth quarter. Good Life Advisors LLC now owns 1,495 shares of the company's stock valued at $635,000 after buying an additional 398 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Ferrari during the fourth quarter worth $45,000. Pittenger & Anderson Inc. lifted its holdings in shares of Ferrari by 53.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 144 shares of the company's stock worth $61,000 after purchasing an additional 50 shares during the period. Allworth Financial LP lifted its holdings in shares of Ferrari by 35.1% during the fourth quarter. Allworth Financial LP now owns 327 shares of the company's stock worth $141,000 after purchasing an additional 85 shares during the period. Finally, Marks Group Wealth Management Inc lifted its holdings in shares of Ferrari by 16.1% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,822 shares of the company's stock worth $774,000 after purchasing an additional 253 shares during the period.

Ferrari Stock Down 0.8 %

RACE traded down $4.27 during midday trading on Friday, hitting $503.88. The company had a trading volume of 282,928 shares, compared to its average volume of 384,086. Ferrari has a 52 week low of $399.27 and a 52 week high of $508.20. The company has a quick ratio of 3.55, a current ratio of 4.57 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $122.82 billion, a price-to-earnings ratio of 55.07, a PEG ratio of 4.43 and a beta of 0.95. The stock's 50 day moving average price is $444.58 and its 200 day moving average price is $455.21.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferrari in a report on Thursday, February 6th. They set a "hold" rating on the stock. UBS Group lifted their price target on shares of Ferrari from $478.00 to $513.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Barclays lowered shares of Ferrari from an "overweight" rating to an "equal weight" rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Ferrari from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Ferrari currently has an average rating of "Moderate Buy" and an average target price of $507.14.

Ferrari 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.