Ferrari N.V. $RACE Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in Ferrari N.V. (NYSE:RACE) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 562,207 shares of the company’s stock after acquiring an additional 28,674 shares during the quarter. Ameriprise Financial Inc. owned about 0.23% of Ferrari worth $240,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sound View Wealth Advisors Group LLC increased its stake in shares of Ferrari by 1.0% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company’s stock worth $940,000 after acquiring an additional 21 shares during the last quarter. Garde Capital Inc. increased its stake in shares of Ferrari by 5.0% in the 4th quarter. Garde Capital Inc. now owns 525 shares of the company’s stock worth $223,000 after acquiring an additional 25 shares during the last quarter. Rehmann Capital Advisory Group increased its stake 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. increased its stake in shares of Ferrari by 1.1% in the 1st quarter. Aviso Financial Inc. now owns 2,835 shares of the company’s stock worth $1,213,000 after acquiring an additional 30 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Ferrari by 7.9% in the 1st quarter. Fifth Third Bancorp now owns 424 shares of the company’s stock worth $181,000 after acquiring an additional 31 shares during the last quarter.

Analyst Ratings Changes

RACE has been the subject of a number of recent research reports. Citigroup reaffirmed a “sell” rating on shares of Ferrari in a research note on Monday, August 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. Cfra Research downgraded Ferrari from a “hold” rating to a “moderate sell” rating in a research report on Thursday, July 31st. Wall Street Zen downgraded Ferrari from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, UBS Group raised their price objective on Ferrari from $520.00 to $560.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $526.25.

Ferrari Stock Performance

NYSE RACE opened at $471.1990 on Friday. The company has a market cap of $114.21 billion, a P/E ratio of 48.63, a P/E/G ratio of 5.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94. The stock has a 50-day moving average of $476.99 and a two-hundred day moving average of $466.93. Ferrari N.V. has a 1-year low of $391.54 and a 1-year high of $519.10.

Ferrari (NYSE:RACE) last released its earnings results on Thursday, July 31st. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.13. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.Ferrari’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, analysts anticipate 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.