Level Four Advisory Services LLC Has $1.10 Million Stake in Ferrari N.V. $RACE

Level Four Advisory Services LLC increased its position in Ferrari N.V. (NYSE:RACE) by 7.7% in the 2nd quarter, Holdings Channel reports. The firm owned 2,241 shares of the company’s stock after buying an additional 161 shares during the quarter. Level Four Advisory Services LLC’s holdings in Ferrari were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Ferrari by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 11,331 shares of the company’s stock worth $4,813,000 after acquiring an additional 1,185 shares during the period. LPL Financial LLC lifted its stake in Ferrari by 1.0% during the first quarter. LPL Financial LLC now owns 44,222 shares of the company’s stock worth $18,922,000 after purchasing an additional 430 shares during the period. Harbour Investments Inc. boosted its holdings in Ferrari by 105.4% during the first quarter. Harbour Investments Inc. now owns 417 shares of the company’s stock valued at $178,000 after purchasing an additional 214 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Ferrari by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,087 shares of the company’s stock valued at $5,600,000 after purchasing an additional 376 shares during the period. Finally, J. Safra Sarasin Holding AG raised its holdings in shares of Ferrari by 0.8% in the 1st quarter. J. Safra Sarasin Holding AG now owns 17,107 shares of the company’s stock worth $7,407,000 after buying an additional 144 shares in the last quarter.

Ferrari Stock Up 1.9%

Shares of NYSE RACE opened at $390.11 on Monday. Ferrari N.V. has a 12-month low of $372.31 and a 12-month high of $519.10. The firm’s 50-day simple moving average is $421.07 and its 200 day simple moving average is $458.63. The company has a quick ratio of 3.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $94.56 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 4.15 and a beta of 1.01.

Ferrari (NYSE:RACE) last announced its 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. Ferrari had a net margin of 22.65% and a return on equity of 44.20%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.94 billion. Ferrari has set its FY 2025 guidance at 10.290- EPS. On average, research analysts expect that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on RACE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrari in a research note on Monday, November 24th. UBS Group restated a “buy” rating and issued a $563.00 target price on shares of Ferrari in a research note on Friday. The Goldman Sachs Group upgraded shares of Ferrari to a “strong-buy” rating in a research report on Monday, November 24th. Citigroup reduced their price target on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Finally, Hsbc Global Res raised shares of Ferrari from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $499.13.

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.