Ferrari N.V. $RACE Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in Ferrari N.V. (NYSE:RACE) by 87.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 367 shares of the company’s stock after selling 2,541 shares during the period. SG Americas Securities LLC’s holdings in Ferrari were worth $178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Ferrari by 78.9% during the first quarter. AQR Capital Management LLC now owns 3,568 shares of the company’s stock worth $1,527,000 after buying an additional 1,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ferrari by 31.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock worth $82,000 after buying an additional 46 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Ferrari in the first quarter valued at approximately $1,519,000. Sivia Capital Partners LLC boosted its holdings in shares of Ferrari by 67.5% during the second quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock worth $448,000 after purchasing an additional 368 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Ferrari by 41.2% during the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock valued at $35,000 after acquiring an additional 21 shares during the last quarter.

Ferrari Stock Performance

Shares of NYSE RACE opened at $338.62 on Friday. Ferrari N.V. has a 12 month low of $332.64 and a 12 month high of $519.10. The business’s 50 day moving average is $368.44 and its two-hundred day moving average is $423.76. The company has a market cap of $82.08 billion, a P/E ratio of 34.20, a P/E/G ratio of 3.60 and a beta of 1.01. The company has a quick ratio of 3.78, a current ratio of 4.90 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.15. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.94 billion. Ferrari had a net margin of 22.65% and a return on equity of 44.20%. Ferrari has set its FY 2025 guidance at 10.290- EPS. On average, equities analysts expect that Ferrari N.V. will post 9.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RACE shares. BNP Paribas Exane raised shares of Ferrari to a “strong-buy” rating in a research note on Thursday, December 11th. Citigroup reduced their price objective on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating on the stock in a research note on Thursday, October 16th. JPMorgan Chase & Co. decreased their target price on Ferrari from $460.00 to $457.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. The Goldman Sachs Group raised shares of Ferrari to a “strong-buy” rating in a research report on Monday, November 24th. Finally, Evercore ISI reduced their price target on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ferrari has a consensus rating of “Moderate Buy” and an average price target of $480.67.

Ferrari Company Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.