Ewa LLC Increases Stock Position in Ferrari N.V. $RACE

Ewa LLC raised its position in shares of Ferrari N.V. (NYSE:RACE) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 595 shares of the company’s stock after purchasing an additional 31 shares during the period. Ewa LLC’s holdings in Ferrari were worth $292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GW&K Investment Management LLC raised its position in shares of Ferrari by 288.9% in the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in shares of Ferrari in the 1st quarter worth about $33,000. Brooklyn Investment Group raised its position in shares of Ferrari by 381.3% in the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock worth $33,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC raised 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 worth $35,000 after purchasing an additional 21 shares during the last quarter. Finally, Centerpoint Advisors LLC purchased a new position in shares of Ferrari in the 1st quarter worth about $43,000.

Analysts Set New Price Targets

RACE has been the subject of several recent analyst reports. UBS Group lifted their price target on Ferrari from $540.00 to $570.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. Cfra Research lowered Ferrari from a “hold” rating to a “moderate sell” rating in a research report on Thursday, July 31st. HSBC raised Ferrari from a “negative” rating to a “buy” rating and set a $470.00 target price for the company in a research report on Thursday. Finally, Citigroup reissued a “sell” rating on shares of Ferrari in a research report on Monday, August 11th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $516.25.

Ferrari Price Performance

Shares of NYSE:RACE opened at $489.70 on Thursday. Ferrari N.V. has a fifty-two week low of $391.54 and a fifty-two week high of $519.10. The business has a 50-day simple moving average of $473.77 and a two-hundred day simple moving average of $468.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09. The firm has a market cap of $118.69 billion, a price-to-earnings ratio of 50.54, a price-to-earnings-growth ratio of 3.91 and a beta of 1.08.

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