Douglass Winthrop Advisors LLC Increases Position in Ferrari (RACE)

Douglass Winthrop Advisors LLC boosted its stake in shares of Ferrari (NASDAQ:RACE) by 22.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,700 shares of the company’s stock after buying an additional 4,300 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Ferrari were worth $1,231,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its position in shares of Ferrari by 6.3% in the second quarter. Baillie Gifford & Co. now owns 13,077,533 shares of the company’s stock valued at $532,493,000 after buying an additional 772,620 shares in the last quarter. Vanguard Group Inc. raised its position in Ferrari by 2.5% in the second quarter. Vanguard Group Inc. now owns 2,879,250 shares of the company’s stock valued at $117,848,000 after buying an additional 70,585 shares during the period. Bank of New York Mellon Corp raised its position in Ferrari by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 350,522 shares of the company’s stock valued at $18,181,000 after buying an additional 12,167 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Ferrari by 4.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 211,544 shares of the company’s stock valued at $8,658,000 after buying an additional 8,191 shares during the period. Finally, Aperio Group LLC raised its position in Ferrari by 11.3% in the third quarter. Aperio Group LLC now owns 140,073 shares of the company’s stock valued at $7,266,000 after buying an additional 14,200 shares during the period.

Institutional Ownership by Quarter for Ferrari (NASDAQ:RACE)

Shares of Ferrari (NASDAQ:RACE) opened at 65.22 on Friday. The stock’s 50 day moving average price is $61.01 and its 200-day moving average price is $53.74. The stock has a market cap of $12.32 billion and a price-to-earnings ratio of 28.72. Ferrari has a 52 week low of $34.11 and a 52 week high of $65.81.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by sleekmoney and is the property of of sleekmoney. If you are viewing this news story on another website, it was stolen and reposted in violation of United States and international copyright legislation. The legal version of this news story can be read at http://sleekmoney.com/douglass-winthrop-advisors-llc-increases-position-in-ferrari-race/1655759.html.

Several research firms have issued reports on RACE. Zacks Investment Research lowered Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley lifted their target price on Ferrari from $60.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI upgraded Ferrari from a “sell” rating to a “hold” rating in a research note on Tuesday, November 8th. Berenberg Bank reiterated a “buy” rating on shares of Ferrari in a research note on Monday, November 28th. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of Ferrari in a research note on Friday, October 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.33.

5 Day Chart for NASDAQ:RACE

Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari (NASDAQ:RACE).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/douglass-winthrop-advisors-llc-increases-position-in-ferrari-race/1655759.html

Receive News & Ratings for Ferrari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrari and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *