Advyzon Investment Management LLC Makes New $257,000 Investment in Ferrari (NYSE:RACE)

Advyzon Investment Management LLC purchased a new stake in Ferrari (NYSE:RACE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 604 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds have also made changes to their positions in RACE. Elite Wealth Management Inc. raised its position in shares of Ferrari by 1.0% during the 3rd quarter. Elite Wealth Management Inc. now owns 2,606 shares of the company’s stock valued at $1,225,000 after buying an additional 25 shares during the period. Addison Advisors LLC lifted its stake in shares of Ferrari by 13.6% in the 3rd quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $102,000 after purchasing an additional 26 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Ferrari by 10.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 329 shares of the company’s stock valued at $140,000 after buying an additional 30 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of Ferrari by 1.7% in the 3rd quarter. Caprock Group LLC now owns 1,823 shares of the company’s stock worth $857,000 after acquiring an additional 31 shares during the last quarter. Finally, EWA LLC boosted its position in shares of Ferrari by 6.6% during the third quarter. EWA LLC now owns 518 shares of the company’s stock worth $228,000 after buying an additional 32 shares during the period.

Ferrari Stock Up 1.4 %

RACE stock opened at $508.07 on Friday. The company’s 50 day moving average price is $443.58 and its 200 day moving average price is $454.12. The firm has a market capitalization of $123.84 billion, a price-to-earnings ratio of 55.53, a PEG ratio of 4.40 and a beta of 0.95. Ferrari has a fifty-two week low of $393.92 and a fifty-two week high of $508.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RACE. UBS Group boosted their price objective on Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays cut shares of Ferrari from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 5th. StockNews.com raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ferrari in a research note on Thursday, February 6th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $507.14.

Ferrari Company 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.