Whipplewood Advisors LLC Increases Position in Ferrari N.V. $RACE

Whipplewood Advisors LLC increased its holdings in shares of Ferrari N.V. (NYSE:RACE) by 23.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 780 shares of the company’s stock after acquiring an additional 148 shares during the quarter. Whipplewood Advisors LLC’s holdings in Ferrari were worth $383,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Ferrari by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company’s stock worth $2,165,683,000 after buying an additional 377,929 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Ferrari by 52.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company’s stock valued at $974,332,000 after acquiring an additional 781,587 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Ferrari by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,822,147 shares of the company’s stock valued at $779,661,000 after acquiring an additional 25,883 shares during the period. Alliancebernstein L.P. increased its stake in shares of Ferrari by 8.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,767,337 shares of the company’s stock worth $756,208,000 after purchasing an additional 131,945 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Ferrari by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,644,415 shares of the company’s stock worth $703,612,000 after purchasing an additional 32,307 shares during the period.

Ferrari Price Performance

NYSE:RACE opened at $408.59 on Friday. Ferrari N.V. has a 52-week low of $372.31 and a 52-week high of $519.10. The stock has a fifty day moving average of $459.99 and a 200 day 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 capitalization 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.

Ferrari (NYSE:RACE) last announced 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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, research analysts expect that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RACE. Cfra Research downgraded Ferrari from a “hold” rating to a “moderate sell” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Ferrari in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. HSBC upgraded shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 target price for the company in a research note on Thursday, October 2nd. Finally, Berenberg Bank set a $570.00 target price on shares of Ferrari in a report on Friday, October 3rd. 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $505.50.

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.