William Blair Investment Management LLC Increases Holdings in Ferrari

William Blair Investment Management LLC has recently announced an increase in its holdings of Ferrari (NYSE:RACE) shares by 6.4% during the fourth quarter. This information comes from their latest 13F filing with the Securities and Exchange Commission. The fund now owns a total of 594,657 shares, having acquired an additional 35,525 shares during this quarter. This stake represents approximately 0.24% of Ferrari, valued at $252,634,000 according to the latest SEC submission.

Institutional Investor Activity

Several other hedge funds and institutional investors have also been active in buying and selling Ferrari shares. Notably, Corient Private Wealth LLC dramatically boosted its stake in Ferrari by 1,226.4% during the fourth quarter and now holds 132,694 shares valued at $56,153,000 after purchasing an additional 122,690 shares. Additionally, Greykasell Wealth Strategies Inc. took a new position in Ferrari worth around $204,000 during the same period. Aviso Financial Inc. also entered the market with a new stake valued at approximately $1,192,000, while Madison Investment Advisors LLC acquired shares worth $1,502,000. HBK Sorce Advisory LLC increased its holdings by 3.6%, owning 626 shares worth $266,000 after buying 22 more shares in the last quarter.

Analyst Recommendations

Various analysts have provided their insights on Ferrari's stock. Barclays lowered its rating on Ferrari from "overweight" to "equal weight" in a report published on February 5. Meanwhile, StockNews.com upgraded Ferrari from a "hold" rating to a "buy" rating on March 12. Deutsche Bank Aktiengesellschaft began coverage of the stock on February 6, assigning it a "hold" rating. As of now, three analysts have given a hold rating, while seven others have issued a buy rating. MarketBeat reports that Ferrari has an average rating of "Moderate Buy" with a consensus price target of $507.14.

Ferrari Stock Analysis

On Monday, shares of Ferrari opened at $449.42. The company demonstrates a debt-to-equity ratio of 0.93, a quick ratio of 3.55, and a current ratio of 4.57. Over the past year, Ferrari's stock reached a low of $399.27 and a high of $509.13. The stock's moving averages stand at $454.38 for 50 days and $455.34 for 200 days. With a market capitalization of $108.93 billion, Ferrari's price-to-earnings (P/E) ratio is 49.12, its price/earnings to growth (PEG) ratio is 4.43, and it has a beta of 0.94.

Dividend Information

Recently, Ferrari also declared an annual dividend, which is set to be paid on May 6. Shareholders who are on record as of April 23 will receive a dividend of $3.1265 per share. This marks an increase from the previous annual dividend of $2.44, representing a dividend yield of 0.5%. Ferrari's current dividend payout ratio stands at 5.63%.

About Ferrari

Ferrari N.V. operates through its subsidiaries and is engaged in the design, engineering, production, and sale of luxury performance sports cars globally. The company offers various models, including range, special series, Icona, and supercars, along with limited edition and one-off cars. Furthermore, Ferrari provides racing cars, spare parts, and engines, along with after-sales, repair, maintenance, and restoration services. The brand is also licensed with various producers and retailers for luxury and lifestyle goods.

Ferrari, Investment, Stock