Gilder Gagnon Howe & Co. LLC Acquires 13,626 Shares of Ferrari (NYSE:RACE)

Gilder Gagnon Howe & Co. LLC increased its stake in shares of Ferrari (NYSE:RACE - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,323 shares of the company's stock after purchasing an additional 13,626 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in Ferrari were worth $30,726,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RACE. Credit Industriel ET Commercial purchased a new stake in shares of Ferrari during the fourth quarter worth $2,145,000. Voya Investment Management LLC raised its stake in shares of Ferrari by 20.0% during the 4th quarter. Voya Investment Management LLC now owns 25,305 shares of the company's stock worth $10,798,000 after purchasing an additional 4,224 shares in the last quarter. Symmetry Investments LP raised its stake in shares of Ferrari by 557.8% during the 4th quarter. Symmetry Investments LP now owns 46,047 shares of the company's stock worth $19,563,000 after purchasing an additional 39,047 shares in the last quarter. MGO One Seven LLC lifted its holdings in shares of Ferrari by 27.6% during the 4th quarter. MGO One Seven LLC now owns 1,226 shares of the company's stock valued at $521,000 after buying an additional 265 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Ferrari by 49.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,796,264 shares of the company's stock valued at $763,125,000 after buying an additional 594,547 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Ferrari from $525.00 to $460.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. StockNews.com upgraded shares of Ferrari from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Kepler Capital Markets upgraded shares of Ferrari from a "hold" rating to a "buy" rating in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ferrari in a research report on Thursday, February 6th. They set a "hold" rating for the company. Finally, Barclays raised Ferrari from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 28th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $481.60.

Ferrari Trading Up 1.0 %

Shares of Ferrari stock traded up $4.41 during trading hours on Tuesday, hitting $462.61. The company's stock had a trading volume of 261,658 shares, compared to its average volume of 329,383. Ferrari has a 12 month low of $391.54 and a 12 month high of $509.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.57 and a quick ratio of 3.55. The company has a market capitalization of $112.13 billion, a PE ratio of 50.56, a price-to-earnings-growth ratio of 4.43 and a beta of 1.03. The stock has a 50 day moving average of $444.52 and a 200 day moving average of $447.04.

Ferrari Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $3.1265 per share. This is an increase from Ferrari's previous annual dividend of $2.44. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 0.5%. Ferrari's dividend payout ratio is currently 5.63%.

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.