Groupama Asset Managment Purchases 16,008,720 Shares of Ferrari N.V. $RACE

Groupama Asset Managment lifted its position in shares of Ferrari N.V. (NYSE:RACE) by 24,598.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,073,800 shares of the company’s stock after purchasing an additional 16,008,720 shares during the period. Ferrari comprises approximately 30.4% of Groupama Asset Managment’s portfolio, making the stock its largest position. Groupama Asset Managment owned approximately 6.63% of Ferrari worth $7,888,057,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC increased its holdings in shares of Ferrari by 1.0% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company’s stock valued at $940,000 after acquiring an additional 21 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Ferrari by 41.2% in the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock valued at $35,000 after buying an additional 21 shares during the last quarter. Allworth Financial LP raised its stake in Ferrari by 7.5% during the 2nd quarter. Allworth Financial LP now owns 330 shares of the company’s stock worth $162,000 after acquiring an additional 23 shares in the last quarter. Inspire Investing LLC lifted its position in Ferrari by 0.7% in the second quarter. Inspire Investing LLC now owns 4,332 shares of the company’s stock valued at $2,126,000 after acquiring an additional 28 shares during the last quarter. Finally, Aviso Financial Inc. lifted its position in Ferrari by 1.1% in the first quarter. Aviso Financial Inc. now owns 2,835 shares of the company’s stock valued at $1,213,000 after acquiring an additional 30 shares during the last quarter.

Ferrari Trading Down 0.5%

Shares of Ferrari stock opened at $383.10 on Friday. Ferrari N.V. has a 12-month low of $372.31 and a 12-month high of $519.10. The stock has a market cap of $92.86 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 4.05 and a beta of 1.07. The company has a 50-day moving average of $422.87 and a two-hundred day moving average of $459.78. 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 released its quarterly earnings data on Tuesday, November 4th. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.35 by $0.15. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates 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, research analysts anticipate that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on RACE shares. Citigroup decreased their target price on Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. UBS Group increased their price objective on Ferrari from $529.00 to $554.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. 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 research report on Friday, October 31st. Hsbc Global Res upgraded shares of Ferrari from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. Finally, Berenberg Bank set a $570.00 target price on shares of Ferrari in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Ferrari currently has a consensus rating of “Buy” and a consensus price target of $498.00.

Ferrari Company Profile

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.