Rathbones Group PLC Purchases New Stake in Ferrari N.V. $RACE

Rathbones Group PLC purchased a new stake in shares of Ferrari N.V. (NYSE:RACE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,705 shares of the company’s stock, valued at approximately $837,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RACE. GW&K Investment Management LLC lifted 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 worth $30,000 after buying an additional 52 shares during the last quarter. Brooklyn Investment Group raised its holdings in Ferrari by 381.3% in the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock valued at $33,000 after acquiring an additional 61 shares during the period. GAMMA Investing LLC lifted its position in Ferrari by 41.2% during the second quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock worth $35,000 after acquiring an additional 21 shares during the last quarter. Creekmur Asset Management LLC boosted its holdings in shares of Ferrari by 660.0% during the second quarter. Creekmur Asset Management LLC now owns 76 shares of the company’s stock worth $37,000 after acquiring an additional 66 shares during the period. Finally, Centerpoint Advisors LLC bought a new stake in shares of Ferrari during the first quarter worth approximately $43,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein lowered their target price on Ferrari from $554.00 to $475.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. UBS Group increased their price objective on Ferrari from $529.00 to $554.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft raised Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. HSBC upgraded shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price target on the stock in a research note on Thursday, October 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ferrari in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ferrari currently has an average rating of “Buy” and a consensus target price of $504.71.

Ferrari Stock Down 0.4%

Shares of NYSE RACE opened at $411.42 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.78 and a current ratio of 4.90. Ferrari N.V. has a 52 week low of $372.31 and a 52 week high of $519.10. The stock has a market capitalization of $99.72 billion, a P/E ratio of 41.56, a PEG ratio of 4.54 and a beta of 1.07. The stock’s fifty day moving average is $444.89 and its 200 day moving average is $466.13.

Ferrari (NYSE:RACE) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.50 earnings per share (EPS) 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 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. Sell-side analysts forecast that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Ferrari 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.