Ninety One UK Adds $73M in Ferrari N.V. ($RACE)
Key Points
- Ninety One UK changed its Ferrari N.V. ($RACE) stake by 22.0% last quarter, boosting to 1,104,106 shares worth $404.25 million.
- Wall Street's consensus rating on $RACE is Strong Buy and an average price target of $443.32.
- $RACE last traded around $366.13.
Ninety One UK increased its position in Ferrari N.V. ($RACE) by 22.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,104,106 shares of Ferrari N.V. after buying 198,983 shares during the quarter. Ninety One UK's holdings in Ferrari N.V. were worth $404.25 million as of its most recent filing.
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About Ferrari N.V.
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. It offers sports, track, one-off, and road cars, as well as supercars. The company also provides 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. In addition, it operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, the company provides direct or indirect finance and leasing services; range of financial and ancillary services; special financing arrangements; and operates franchised and owned Ferrari stores. The company was founded in 1947 and is headquartered in Maranello, Italy.
See Also
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