Deutsche Bank AG acquired 1.11 million shares of Ferrari NV during the second quarter. The investment is valued at approximately $413.21 million. This purchase provides Deutsche Bank with a 0.47% stake in the luxury automaker.
Mitsubishi UFJ Asset Management and Cornerstone Advisors LLC also disclosed new or increased positions. This institutional investment wave follows record-setting auction prices for Ferrari vehicles. Analysts have recently reiterated Buy ratings for the company.