Value Partners Investments Inc. Makes New Investment in Ferrari N.V. $RACE

Value Partners Investments Inc. purchased a new stake in Ferrari N.V. (NYSE:RACE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,072 shares of the company’s stock, valued at approximately $4,885,000. Ferrari accounts for about 0.4% of Value Partners Investments Inc.’s investment portfolio, making the stock its 29th biggest holding.

Other large investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Ferrari during the second quarter worth about $30,000. Virtus Advisers LLC bought a new position in Ferrari in the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC boosted its position in Ferrari by 41.2% in the second quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock valued at $35,000 after buying an additional 21 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Ferrari during the second quarter worth $35,000. Finally, Creekmur Asset Management LLC increased its holdings in shares of Ferrari by 660.0% during the second quarter. Creekmur Asset Management LLC now owns 76 shares of the company’s stock worth $37,000 after buying an additional 66 shares in the last quarter.

Ferrari Trading Up 0.2%

Shares of Ferrari stock opened at $375.82 on Wednesday. The stock has a market capitalization of $91.09 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 4.13 and a beta of 1.01. Ferrari N.V. has a 52 week low of $356.93 and a 52 week high of $519.10. The stock has a 50 day moving average price of $391.87 and a two-hundred day moving average price of $445.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.78 and a current ratio of 4.90.

Ferrari (NYSE:RACE) last issued its earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.15. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.94 billion. Ferrari had a return on equity of 44.20% and a net margin of 22.65%.Ferrari has set its FY 2025 guidance at 10.290- EPS. As a group, equities analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Hsbc Global Res upgraded Ferrari from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrari in a report on Monday. Berenberg Bank set a $570.00 price objective on shares of Ferrari in a research note on Friday, October 3rd. Evercore ISI cut their target price on Ferrari from $580.00 to $475.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Finally, Zacks Research cut Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Four equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ferrari has a consensus rating of “Buy” and an average target price of $489.47.

About Ferrari

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.