Cumberland Partners Ltd Takes Position in Ferrari N.V. $RACE

Cumberland Partners Ltd purchased a new stake in shares of Ferrari N.V. (NYSE:RACE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $491,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its position in shares of Ferrari by 1.3% during the first quarter. Kestra Private Wealth Services LLC now owns 2,877 shares of the company’s stock worth $1,231,000 after acquiring an additional 38 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Ferrari by 288.9% during the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. Madison Asset Management LLC lifted its holdings in Ferrari by 7.9% during the 1st quarter. Madison Asset Management LLC now owns 3,817 shares of the company’s stock worth $1,633,000 after purchasing an additional 281 shares in the last quarter. Roundview Capital LLC boosted its stake in Ferrari by 31.4% in the 1st quarter. Roundview Capital LLC now owns 5,476 shares of the company’s stock worth $2,343,000 after purchasing an additional 1,307 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in Ferrari by 2.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,404 shares of the company’s stock valued at $1,884,000 after buying an additional 104 shares in the last quarter.

Ferrari Stock Performance

Shares of NYSE RACE opened at $383.13 on Friday. The stock’s 50-day moving average is $432.26 and its 200 day moving average is $463.03. The stock has a market cap of $92.86 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 4.13 and a beta of 1.07. Ferrari N.V. has a 1-year low of $372.31 and a 1-year high of $519.10. The company has a current ratio of 4.90, a quick ratio of 3.78 and a debt-to-equity ratio of 0.76.

Ferrari (NYSE:RACE) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.35 by $0.15. Ferrari had a net margin of 22.65% and a return on equity of 44.20%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.94 billion. Ferrari has set its FY 2025 guidance at 10.290- EPS. On average, sell-side analysts anticipate that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RACE has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Evercore ISI lowered their target price on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Cfra Research downgraded shares of Ferrari from a “hold” rating to a “moderate sell” rating in a report on Thursday, July 31st. Zacks Research cut shares of Ferrari from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Finally, HSBC upgraded Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price objective on the stock in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Ferrari currently has a consensus rating of “Buy” and an average target price of $504.29.

About Ferrari

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and 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.