Jupiter Asset Management Ltd. Trims Holdings in Ferrari N.V. $RACE

Jupiter Asset Management Ltd. lowered its position in Ferrari N.V. (NYSE:RACE) by 80.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,265 shares of the company’s stock after selling 21,231 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Ferrari were worth $2,572,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC lifted its holdings in Ferrari by 288.9% in the first quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Ferrari by 381.3% in the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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. Creekmur Asset Management LLC grew its holdings in shares of Ferrari by 660.0% during the 2nd quarter. Creekmur Asset Management LLC now owns 76 shares of the company’s stock worth $37,000 after purchasing an additional 66 shares during the period. Finally, Centerpoint Advisors LLC acquired a new stake in shares of Ferrari during the 1st quarter worth about $43,000.

Wall Street Analysts Forecast Growth

RACE has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ferrari in a research report on Friday, October 31st. Berenberg Bank set a $570.00 price target on shares of Ferrari in a research report on Friday, October 3rd. HSBC upgraded shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price objective on the stock in a report on Thursday, October 2nd. Zacks Research cut shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 29th. Finally, Hsbc Global Res raised Ferrari from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $504.29.

Ferrari Stock Performance

Shares of RACE stock opened at $417.87 on Friday. The company has a current ratio of 4.90, a quick ratio of 3.78 and a debt-to-equity ratio of 0.76. Ferrari N.V. has a 12 month low of $372.31 and a 12 month high of $519.10. The company has a market cap of $101.28 billion, a P/E ratio of 42.21, a PEG ratio of 4.61 and a beta of 1.07. The firm has a fifty day moving average price of $440.44 and a 200 day moving average price of $465.20.

Ferrari (NYSE:RACE) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 EPS for the quarter, beating the consensus estimate 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 net margin of 22.65% and a return on equity of 44.20%. Ferrari has set its FY 2025 guidance at 10.290- EPS. Sell-side analysts predict that Ferrari N.V. will post 9.22 earnings per share for the current fiscal 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.