Jump Financial LLC lessened its position in Ferrari (NYSE:RACE - Free Report) by 48.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,329 shares of the company's stock after selling 9,671 shares during the period. Jump Financial LLC's holdings in Ferrari were worth $4,388,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in shares of Ferrari in the fourth quarter valued at approximately $853,000. Charles Schwab Investment Management Inc. boosted its position in Ferrari by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,139 shares of the company's stock worth $4,307,000 after acquiring an additional 755 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Ferrari by 2.6% in the fourth quarter. Russell Investments Group Ltd. now owns 128,482 shares of the company's stock worth $54,847,000 after purchasing an additional 3,277 shares in the last quarter. Sapient Capital LLC increased its holdings in shares of Ferrari by 1.0% during the fourth quarter. Sapient Capital LLC now owns 67,322 shares of the company's stock valued at $28,737,000 after purchasing an additional 653 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Ferrari during the fourth quarter valued at about $3,371,000.
Analysts Set New Price Targets
RACE has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferrari in a research note on Thursday, February 6th. They set a "hold" rating on the stock. UBS Group lowered their target price on Ferrari from $584.00 to $520.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Kepler Capital Markets raised shares of Ferrari from a "hold" rating to a "buy" rating in a report on Friday, March 28th. StockNews.com raised shares of Ferrari from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their target price on Ferrari from $525.00 to $460.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Ferrari has a consensus rating of "Moderate Buy" and a consensus price target of $481.60.
Check Out Our Latest Research Report on Ferrari
Ferrari Stock Up 1.6 %
RACE traded up $7.01 during midday trading on Friday, hitting $439.76. 239,651 shares of the company's stock traded hands, compared to its average volume of 328,119. 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 cap of $106.59 billion, a PE ratio of 48.06, a price-to-earnings-growth ratio of 4.43 and a beta of 1.03. Ferrari has a one year low of $391.54 and a one year high of $509.13. The stock's fifty day simple moving average is $450.23 and its 200-day simple moving average is $447.34.
Ferrari Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $3.1265 per share. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 0.5%. This is an increase from Ferrari's previous annual dividend of $2.44. Ferrari's dividend payout ratio (DPR) is currently 5.63%.
Ferrari Profile
(
Free Report)
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.
Further Reading
Before you consider Ferrari, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferrari wasn't on the list.
While Ferrari currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
