Ferrari N. V. sees significant new institutional investment

Several institutional investors have established or increased positions in Ferrari N. V. (RACE) according to recent SEC 13F filings.

Edmond DE Rothschild Holding S. A. acquired 42,077 shares during the second quarter, a position valued at approximately $15,586,000. During the same period, Park State Asset Management purchased 13,426 shares worth roughly $4,998,000, making Ferrari its seventh-largest holding.

Other firms have also adjusted their stakes, including Benjamin Edwards Inc., Pacific Sun Financial Corp, Horizon Investments LLC, Evergreen Capital Management LLC, and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Wall Street analysts have provided varying outlooks on the stock. Sanford C. Bernstein raised its price objective from $402.00 to $460.00 with an 'outperform' rating, while Morgan Stanley reaffirmed an 'overweight' rating with a $442.00 target. UBS Group maintained a 'buy' rating but lowered its price target from $497.00 to $490.00.