Ferrari N.V. $RACE Shares Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of Ferrari N.V. (NYSE:RACE) by 6.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,565 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Ferrari were worth $4,199,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. acquired a new position in Ferrari during the 1st quarter worth $492,000. Thoroughbred Financial Services LLC boosted its position in Ferrari by 39.7% during the 1st quarter. Thoroughbred Financial Services LLC now owns 10,286 shares of the company’s stock worth $4,401,000 after acquiring an additional 2,925 shares during the period. Banco Santander S.A. boosted its position in Ferrari by 35.3% during the 1st quarter. Banco Santander S.A. now owns 560,999 shares of the company’s stock worth $240,040,000 after acquiring an additional 146,279 shares during the period. Callan Family Office LLC boosted its position in Ferrari by 146.3% during the 1st quarter. Callan Family Office LLC now owns 2,763 shares of the company’s stock worth $1,182,000 after acquiring an additional 1,641 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its position in Ferrari by 75.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 3,580 shares of the company’s stock worth $1,532,000 after acquiring an additional 1,535 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RACE. Deutsche Bank Aktiengesellschaft upgraded Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Cfra Research lowered Ferrari from a “hold” rating to a “moderate sell” rating in a report on Thursday, July 31st. Zacks Research lowered Ferrari from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Berenberg Bank began coverage on Ferrari in a report on Tuesday, September 16th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $531.67.

Ferrari Trading Up 0.5%

Shares of NYSE RACE opened at $484.54 on Wednesday. Ferrari N.V. has a 12 month low of $391.54 and a 12 month high of $519.10. The company has a market cap of $117.44 billion, a price-to-earnings ratio of 50.00, a P/E/G ratio of 3.88 and a beta of 1.10. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $474.32 and a 200-day simple moving average of $468.39.

Ferrari (NYSE:RACE) last announced its earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.05 billion. During the same period in the prior year, the business posted $2.29 earnings per share. Ferrari’s revenue was up 4.4% compared to the same quarter last year. Ferrari has set its FY 2025 guidance at 9.751- EPS. Sell-side analysts predict that Ferrari N.V. will post 9.22 EPS 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.