Tableaux LLC Acquires Shares of 198,269 Ferrari N.V. $RACE

Tableaux LLC acquired a new position in shares of Ferrari N.V. (NYSE:RACE) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 198,269 shares of the company’s stock, valued at approximately $97,299,000. Ferrari accounts for about 6.9% of Tableaux LLC’s portfolio, making the stock its 4th biggest position.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 377,929 shares during the period. Goldman Sachs Group Inc. grew its stake in 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 acquiring an additional 781,587 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Ferrari by 9.1% during the 2nd quarter. Jennison Associates LLC now owns 1,841,200 shares of the company’s stock worth $903,019,000 after purchasing an additional 153,297 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Ferrari by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,822,147 shares of the company’s stock worth $779,661,000 after acquiring an additional 25,883 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Ferrari by 8.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,767,337 shares of the company’s stock valued at $756,208,000 after purchasing an additional 131,945 shares in the last quarter.

Ferrari Stock Up 1.5%

Shares of Ferrari stock opened at $388.85 on Friday. The stock has a market capitalization of $94.25 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 4.06 and a beta of 1.07. Ferrari N.V. has a twelve month low of $372.31 and a twelve month high of $519.10. The company has a current ratio of 4.90, a quick ratio of 3.78 and a debt-to-equity ratio of 0.76. The business’s 50 day simple moving average is $430.48 and its 200-day simple moving average is $462.49.

Ferrari (NYSE:RACE) last released its quarterly earnings data on Tuesday, November 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.15. Ferrari had a return on equity of 44.20% and a net margin of 22.65%.The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.94 billion. Ferrari has set its FY 2025 guidance at 10.290- EPS. Equities research analysts forecast that Ferrari N.V. will post 9.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Hsbc Global Res raised Ferrari from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Sanford C. Bernstein lowered their price target on Ferrari from $554.00 to $475.00 and set an “outperform” rating for the company in a report on Friday, October 10th. Evercore ISI dropped their price objective on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Citigroup lowered their price objective on Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Finally, Berenberg Bank set a $570.00 price target on shares of Ferrari in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $504.29.

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.