465 Shares in Ferrari N.V. $RACE Acquired by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new position in shares of Ferrari N.V. (NYSE:RACE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 465 shares of the company’s stock, valued at approximately $228,000.

Other large investors have also modified their holdings of the company. GW&K Investment Management LLC increased its position in shares of Ferrari by 288.9% during the first quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock worth $30,000 after acquiring an additional 52 shares during the period. GAMMA Investing LLC increased its holdings in Ferrari by 41.2% during the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock worth $35,000 after purchasing an additional 21 shares during the period. Brooklyn Investment Group increased its holdings in Ferrari by 381.3% during the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock worth $33,000 after purchasing an additional 61 shares during the period. Centerpoint Advisors LLC purchased a new stake in Ferrari during the 1st quarter worth about $43,000. Finally, Gordian Capital Singapore Pte Ltd increased its stake in shares of Ferrari by 42.9% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 100 shares of the company’s stock worth $43,000 after buying an additional 30 shares during the period.

Ferrari Stock Performance

Shares of RACE opened at $402.12 on Wednesday. The company has a current ratio of 5.09, a quick ratio of 3.94 and a debt-to-equity ratio of 0.89. The firm has a market cap of $97.46 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 4.32 and a beta of 1.08. The company’s 50 day simple moving average is $457.48 and its 200-day simple moving average is $468.24. Ferrari N.V. has a 12-month low of $372.31 and a 12-month high of $519.10.

Ferrari (NYSE:RACE) last announced its earnings results on Thursday, July 31st. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.13. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the firm posted $2.29 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, equities analysts predict that Ferrari N.V. will post 9.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RACE shares. Zacks Research lowered shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Ferrari in a report on Wednesday, October 8th. HSBC raised Ferrari from a “hold” rating to a “buy” rating and set a $470.00 target price on the stock in a report on Thursday, October 2nd. Finally, UBS Group dropped their price objective on Ferrari from $579.00 to $529.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.