Ferrari N.V. $RACE Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc boosted its holdings in shares of Ferrari N.V. (NYSE:RACE) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,732 shares of the company’s stock after acquiring an additional 69 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Ferrari were worth $850,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sound View Wealth Advisors Group LLC raised its holdings in Ferrari by 1.0% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company’s stock valued at $940,000 after buying an additional 21 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Ferrari by 41.2% in the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock worth $35,000 after acquiring an additional 21 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Ferrari by 3.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 697 shares of the company’s stock worth $299,000 after acquiring an additional 26 shares during the last quarter. Aviso Financial Inc. boosted its position in shares of Ferrari by 1.1% during the 1st quarter. Aviso Financial Inc. now owns 2,835 shares of the company’s stock worth $1,213,000 after purchasing an additional 30 shares during the period. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in Ferrari by 42.9% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 100 shares of the company’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Ferrari in a research note on Saturday, September 27th. Cfra Research lowered Ferrari from a “hold” rating to a “moderate sell” rating in a research note on Thursday, July 31st. Citigroup reaffirmed a “sell” rating on shares of Ferrari in a research report on Monday, August 11th. Berenberg Bank set a $570.00 price target on shares of Ferrari in a research report on Friday. Finally, HSBC raised shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price objective for the company in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ferrari has a consensus rating of “Moderate Buy” and an average target price of $528.80.

Ferrari Stock Down 2.1%

Shares of Ferrari stock opened at $490.64 on Tuesday. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. Ferrari N.V. has a 52-week low of $391.54 and a 52-week high of $519.10. The company has a market capitalization of $118.92 billion, a P/E ratio of 50.63, a P/E/G ratio of 4.04 and a beta of 1.08. The company has a 50 day moving average of $472.86 and a 200 day moving average of $469.92.

Ferrari (NYSE:RACE) last announced its quarterly earnings data on Thursday, July 31st. The company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.13. The business had revenue of $2.12 billion for 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 company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, research analysts forecast that Ferrari N.V. will post 9.22 EPS for the current fiscal 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.