Wiser Advisor Group LLC Buys 131 Shares of Ferrari N.V. $RACE

Wiser Advisor Group LLC raised its stake in shares of Ferrari N.V. (NYSE:RACE) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,857 shares of the company’s stock after purchasing an additional 131 shares during the quarter. Ferrari accounts for about 1.6% of Wiser Advisor Group LLC’s holdings, making the stock its 25th biggest holding. Wiser Advisor Group LLC’s holdings in Ferrari were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several brokerages have issued reports on RACE. HSBC raised Ferrari from a “hold” rating to a “buy” rating and set a $470.00 target price for the company in a research note on Thursday, October 2nd. UBS Group lifted their target price on shares of Ferrari from $529.00 to $554.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. Sanford C. Bernstein decreased their price objective on Ferrari from $554.00 to $475.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Finally, Hsbc Global Res upgraded Ferrari from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $504.29.

Ferrari Trading Down 0.4%

Ferrari stock opened at $417.87 on Friday. Ferrari N.V. has a 1 year low of $372.31 and a 1 year high of $519.10. The firm’s 50 day moving average price is $440.44 and its 200-day moving average price is $465.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.90 and a quick ratio of 3.78. The stock has a market cap of $101.28 billion, a P/E ratio of 42.21, a PEG ratio of 4.61 and a beta of 1.07.

Ferrari (NYSE:RACE) last issued 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 firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.94 billion. Ferrari has set its FY 2025 guidance at 10.290- EPS. On average, equities analysts predict that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

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.