DJE Kapital AG Has $9.20 Million Stake in Ferrari N.V. $RACE

DJE Kapital AG trimmed its stake in Ferrari N.V. (NYSE:RACE) by 2.9% during the second quarter, HoldingsChannel.com reports. The fund owned 18,760 shares of the company’s stock after selling 554 shares during the quarter. DJE Kapital AG’s holdings in Ferrari were worth $9,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Ferrari by 52.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company’s stock valued at $974,332,000 after purchasing an additional 781,587 shares in the last quarter. Groupe la Francaise bought a new position in Ferrari during the 1st quarter valued at about $238,818,000. Nuveen LLC acquired a new position in Ferrari in the first quarter valued at about $233,200,000. Vanguard Group Inc. grew its stake in Ferrari by 8.1% during the first 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. Finally, Citigroup Inc. grew its stake in Ferrari by 155.1% during the first quarter. Citigroup Inc. now owns 269,862 shares of the company’s stock worth $115,469,000 after buying an additional 164,092 shares during the last quarter.

Wall Street Analysts Forecast Growth

RACE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. HSBC upgraded Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price objective for the company in a research report on Thursday, October 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Ferrari in a report on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a report on Monday, August 4th. Finally, Zacks Research lowered shares of Ferrari from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $504.71.

Ferrari Trading Up 1.9%

RACE stock opened at $413.27 on Friday. The company has a quick ratio of 3.94, a current ratio of 4.90 and a debt-to-equity ratio of 0.76. Ferrari N.V. has a twelve month low of $372.31 and a twelve month high of $519.10. The company has a market cap of $100.17 billion, a P/E ratio of 41.74, a PEG ratio of 4.42 and a beta of 1.07. The business has a fifty day moving average of $446.22 and a 200-day moving average of $466.28.

Ferrari (NYSE:RACE) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.15. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations 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 research analysts expect that Ferrari N.V. will post 9.22 EPS for the current 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.