180 Wealth Advisors LLC Sells 67 Shares of Ferrari N.V. $RACE

180 Wealth Advisors LLC lessened its holdings in shares of Ferrari N.V. (NYSE:RACE) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 909 shares of the company’s stock after selling 67 shares during the period. 180 Wealth Advisors LLC’s holdings in Ferrari were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of RACE. Goldman Sachs Group Inc. boosted its holdings in shares of Ferrari by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company’s stock valued at $974,332,000 after buying an additional 781,587 shares in the last quarter. Groupe la Francaise bought a new stake in shares of Ferrari during the 1st quarter valued at $238,818,000. Nuveen LLC bought a new stake in shares of Ferrari during the 1st quarter valued at $233,200,000. Vanguard Group Inc. boosted its holdings in shares of Ferrari by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company’s stock valued at $2,165,683,000 after buying an additional 377,929 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Ferrari by 155.1% during the 1st quarter. Citigroup Inc. now owns 269,862 shares of the company’s stock valued at $115,469,000 after buying an additional 164,092 shares in the last quarter.

Ferrari Price Performance

Shares of NYSE:RACE opened at $408.59 on Friday. Ferrari N.V. has a fifty-two week low of $372.31 and a fifty-two week high of $519.10. The business has a 50-day simple moving average of $459.99 and a two-hundred day simple moving average of $468.33. 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 $99.04 billion, a price-to-earnings 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 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.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RACE shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft raised Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Hsbc Global Res raised Ferrari from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Sanford C. Bernstein lowered their price target on Ferrari from $554.00 to $475.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ferrari in a research report on Wednesday, October 8th. Two 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 data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $505.50.

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.