Today, Aperio Group LLC invests in Ferrari (RACE) Shares

Today, Aperio Group LLC invests in Ferrari (RACE) Shares

Aperio Group LLC increased its position in shares of Ferrari (NASDAQ:RACE) by 11.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,073 shares of the company’s stock after buying an additional 14,200 shares during the period. Aperio Group LLC owned 0.07% of Ferrari worth $7,266,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Carroll Financial Associates Inc. raised its stake in Ferrari by 0.5% in the third quarter. Carroll Financial Associates Inc. now owns 7,714 shares of the company’s stock valued at $400,000 after buying an additional 35 shares in the last quarter. Raymond James & Associates raised its stake in Ferrari by 6.9% in the second quarter. Raymond James & Associates now owns 7,423 shares of the company’s stock valued at $302,000 after buying an additional 482 shares in the last quarter. World Asset Management Inc raised its stake in Ferrari by 8.2% in the second quarter. World Asset Management Inc now owns 11,690 shares of the company’s stock valued at $478,000 after buying an additional 890 shares in the last quarter. Morningstar Investment Services LLC raised its stake in Ferrari by 21.9% in the second quarter. Morningstar Investment Services LLC now owns 12,487 shares of the company’s stock valued at $518,000 after buying an additional 2,244 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in Ferrari by 17.4% in the second quarter. Ontario Teachers Pension Plan Board now owns 16,719 shares of the company’s stock valued at $681,000 after buying an additional 2,483 shares in the last quarter.

Ferrari (NASDAQ:RACE) traded up 2.01% during mid-day trading on Friday, reaching $54.78. 288,583 shares of the company’s stock traded hands. The stock’s 50 day moving average is $53.11 and its 200-day moving average is $47.21. Ferrari has a 52 week low of $31.66 and a 52 week high of $54.99. The stock has a market capitalization of $10.35 billion and a PE ratio of 28.27.

Ferrari (NASDAQ:RACE) last issued its earnings results on Monday, November 7th. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. The firm earned $783 million during the quarter, compared to analyst estimates of $826.93 million. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Ferrari will post $2.19 EPS for the current year.

Several research firms recently commented on RACE. Evercore ISI upgraded shares of Ferrari from a “sell” rating to a “hold” rating in a research note on Tuesday, November 8th. Zacks Investment Research lowered shares of Ferrari from a “buy” rating to a “sell” rating in a research note on Wednesday, October 19th. Morgan Stanley reiterated an “overweight” rating and set a $56.00 price objective (up previously from $54.00) on shares of Ferrari in a research note on Wednesday, August 17th. Berenberg Bank began coverage on shares of Ferrari in a research note on Tuesday. They set a “buy” rating for the company. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of Ferrari in a research note on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.67.

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