PDS Planning Inc Has $328,000 Stock Position in Ferrari N.V. $RACE

PDS Planning Inc raised its position in Ferrari N.V. (NYSE:RACE) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 669 shares of the company’s stock after acquiring an additional 42 shares during the period. PDS Planning Inc’s holdings in Ferrari were worth $328,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RACE. Farther Finance Advisors LLC raised its holdings in Ferrari by 9.7% in the 1st quarter. Farther Finance Advisors LLC now owns 839 shares of the company’s stock valued at $361,000 after acquiring an additional 74 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Ferrari by 52.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 748 shares of the company’s stock valued at $320,000 after acquiring an additional 256 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Ferrari by 172.8% in the 1st quarter. SG Americas Securities LLC now owns 6,268 shares of the company’s stock worth $2,682,000 after buying an additional 3,970 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in shares of Ferrari in the 1st quarter worth approximately $315,000. Finally, Fifth Third Bancorp raised its holdings 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 buying an additional 31 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RACE. Deutsche Bank Aktiengesellschaft raised Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. UBS Group increased their target price on Ferrari from $570.00 to $579.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Zacks Research cut Ferrari from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Ferrari in a report on Wednesday, October 8th. Finally, Hsbc Global Res raised Ferrari from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $519.83.

Ferrari Stock Down 3.0%

NYSE RACE opened at $395.30 on Monday. The firm has a market cap of $95.81 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 3.19 and a beta of 1.08. Ferrari N.V. has a one year low of $391.54 and a one year high of $519.10. The stock’s 50 day simple moving average is $470.68 and its 200 day simple moving average is $470.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94.

Ferrari (NYSE:RACE) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.70 EPS 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%.Ferrari’s revenue for the quarter was up 4.4% on a year-over-year basis. 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. As a group, sell-side analysts forecast that Ferrari N.V. will post 9.22 earnings per share 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.