Pittenger & Anderson Inc. Has $191,000 Stock Holdings in Ferrari N.V. $RACE

Pittenger & Anderson Inc. raised its stake in Ferrari N.V. (NYSE:RACE) by 178.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 390 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Ferrari were worth $191,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC increased its stake in Ferrari by 288.9% in 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. Alpine Bank Wealth Management acquired a new position in Ferrari in the 1st quarter valued at approximately $33,000. Brooklyn Investment Group increased its stake in Ferrari by 381.3% in 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 increased its stake in Ferrari by 41.2% in 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. Finally, Centerpoint Advisors LLC acquired a new position in Ferrari in the 1st quarter valued at approximately $43,000.

Ferrari Price Performance

NYSE RACE opened at $400.19 on Wednesday. The company has a current ratio of 5.09, a quick ratio of 3.94 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $463.41 and a 200 day simple moving average of $468.25. The company has a market cap of $97.00 billion, a P/E ratio of 41.30, a P/E/G ratio of 4.22 and a beta of 1.08. Ferrari N.V. has a 1 year low of $372.31 and a 1 year high of $519.10.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Berenberg Bank set a $570.00 price objective on shares of Ferrari in a research note on Friday, October 3rd. UBS Group decreased their target price on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Zacks Research downgraded shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Finally, HSBC raised shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 target price for the company in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.