Ferrari N.V. $RACE Shares Bought by LRI Investments LLC

LRI Investments LLC increased its holdings in Ferrari N.V. (NYSE:RACE) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 735 shares of the company’s stock after buying an additional 64 shares during the quarter. LRI Investments LLC’s holdings in Ferrari were worth $360,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GW&K Investment Management LLC grew its position in 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 purchasing an additional 52 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Ferrari during the 1st quarter valued at about $33,000. Brooklyn Investment Group raised its stake in shares of Ferrari by 381.3% during the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock valued at $33,000 after buying an additional 61 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Ferrari by 41.2% during the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock valued at $35,000 after buying an additional 21 shares during the last quarter. Finally, Centerpoint Advisors LLC acquired a new stake in Ferrari during the first quarter worth about $43,000.

Ferrari Price Performance

Ferrari stock opened at $395.30 on Monday. The company’s fifty day moving average price is $470.68 and its 200 day moving average price is $470.35. Ferrari N.V. has a 1 year low of $391.54 and a 1 year high of $519.10. The stock has a market capitalization of $95.81 billion, a P/E ratio of 40.79, a P/E/G ratio of 3.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup reaffirmed a “sell” rating on shares of Ferrari in a report on Monday, August 11th. Zacks Research cut shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Berenberg Bank set a $570.00 price objective on shares of Ferrari in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Ferrari in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $519.83.

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.