Ferrari N.V. $RACE Shares Bought by Banco Santander S.A.

Banco Santander S.A. raised its stake in shares of Ferrari N.V. (NYSE:RACE) by 3.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 581,379 shares of the company’s stock after purchasing an additional 20,380 shares during the period. Ferrari accounts for about 2.7% of Banco Santander S.A.’s holdings, making the stock its 5th biggest position. Banco Santander S.A.’s holdings in Ferrari were worth $285,306,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GW&K Investment Management LLC boosted its stake in shares of 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 buying an additional 52 shares during the period. Brooklyn Investment Group boosted 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 period. GAMMA Investing LLC boosted 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 period. Centerpoint Advisors LLC acquired a new stake in shares of Ferrari during the 1st quarter valued at $43,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in shares of Ferrari by 42.9% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 100 shares of the company’s stock valued at $43,000 after buying an additional 30 shares during the period.

Analysts Set New Price Targets

Several research firms recently issued reports on RACE. Berenberg Bank set a $570.00 price objective on shares of Ferrari in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ferrari in a research note on Wednesday, October 8th. Sanford C. Bernstein reduced their price objective on shares of Ferrari from $554.00 to $475.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $505.50.

Ferrari Stock Up 1.4%

Ferrari stock opened at $408.59 on Monday. The firm has a market cap of $99.04 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 4.33 and a beta of 1.08. 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 fifty-two week low of $372.31 and a fifty-two week high of $519.10. The firm has a fifty day moving average price of $459.99 and a two-hundred day moving average price of $468.58.

Ferrari (NYSE:RACE) last released 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. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, analysts forecast that Ferrari N.V. will post 9.22 earnings per share for the current year.

Ferrari 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.