Whipplewood Advisors LLC Acquires 148 Shares of Ferrari N.V. $RACE

Whipplewood Advisors LLC grew its stake in shares of Ferrari N.V. (NYSE:RACE) by 23.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 780 shares of the company’s stock after buying an additional 148 shares during the quarter. Whipplewood Advisors LLC’s holdings in Ferrari were worth $383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GW&K Investment Management LLC boosted its holdings in 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 acquiring an additional 52 shares during the period. Brooklyn Investment Group lifted its position in Ferrari by 381.3% in the first quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Ferrari by 41.2% during the second quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock valued at $35,000 after purchasing an additional 21 shares during the period. Centerpoint Advisors LLC bought a new position in shares of Ferrari in the first quarter worth approximately $43,000. Finally, Gordian Capital Singapore Pte Ltd increased its stake in shares of Ferrari by 42.9% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 100 shares of the company’s stock worth $43,000 after buying an additional 30 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RACE. Sanford C. Bernstein cut their price target on shares of Ferrari from $554.00 to $475.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Zacks Research cut shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research note on Monday, August 4th. HSBC upgraded shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price objective for the company in a research note on Thursday, October 2nd. Finally, UBS Group 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $505.50.

Ferrari Stock Performance

Shares of NYSE RACE opened at $408.59 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94. Ferrari N.V. has a 1 year low of $372.31 and a 1 year high of $519.10. The firm has a fifty day moving average price of $459.99 and a 200-day moving average price of $468.33. The stock has a market cap of $99.04 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 4.33 and a beta of 1.08.

Ferrari (NYSE:RACE) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.13. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. Equities analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

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.