11,090 Shares in Ferrari N.V. $RACE Bought by Walter Public Investments Inc.

Walter Public Investments Inc. bought a new position in Ferrari N.V. (NYSE:RACE) during the third quarter, HoldingsChannel reports. The firm bought 11,090 shares of the company’s stock, valued at approximately $4,357,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RACE. Amundi raised its holdings in Ferrari by 3.4% during the second quarter. Amundi now owns 3,060,265 shares of the company’s stock worth $1,139,306,000 after buying an additional 101,906 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ferrari by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 2,808,855 shares of the company’s stock valued at $950,657,000 after buying an additional 218,830 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Ferrari during the second quarter valued at about $413,209,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ferrari during the second quarter valued at about $388,816,000. Finally, Ninety One UK Ltd grew its holdings in shares of Ferrari by 12.3% during the third quarter. Ninety One UK Ltd now owns 941,574 shares of the company’s stock valued at $370,470,000 after buying an additional 103,264 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Ferrari from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Barclays reaffirmed a “buy” rating on shares of Ferrari in a research report on Monday, August 10th. Evercore reiterated an “outperform” rating and set a $485.00 price target on shares of Ferrari in a research note on Friday, July 31st. Deutsche Bank reissued a “buy” rating on shares of Ferrari in a report on Tuesday, September 29th. Finally, UBS Group decreased their price objective on Ferrari from $490.00 to $450.00 and set a “buy” rating for the company in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $456.71.

Ferrari News Roundup

These are some of the RACE news items that stood out recently:

• Positive Sentiment: Ferrari shipped 3,368 cars in the third quarter, while diluted EPS rose 14%. The article attributes the profit growth to pricing power and Ferrari’s deliberate limits on production—supporting the view that exclusivity and brand strength can protect profitability. It also notes shares have gained 23% over six months, reflecting improved investor sentiment. Ferrari Stock: Fewer Cars Sold, More Profit. Here’s the 1 Number That Explains It.
• Neutral Sentiment: Ferrari’s 499P Modificata will feature at the Finali Mondiali, providing brand and racing exposure. The announcement is promotional and does not indicate a material change to near-term financial performance. Ferrari 499P Modificata to star at the Finali Mondiali Ferrari
• Neutral Sentiment: Coverage of Max Verstappen questioning Ferrari’s decision to let Lewis Hamilton and Charles Leclerc race freely, along with team principal Fred Vasseur discussing tyre struggles at the São Paulo GP, highlights possible Formula 1 strategy and performance concerns. These are relevant to Ferrari’s racing profile but have no stated direct effect on the automaker’s earnings. Verstappen questions Ferrari’s racing decision Vasseur discusses Ferrari’s tyre struggles

Ferrari Price Performance

Shares of NYSE:RACE opened at $415.71 on Thursday. The company has a current ratio of 4.94, a quick ratio of 3.81 and a debt-to-equity ratio of 0.80. The stock’s fifty day simple moving average is $402.93 and its two-hundred day simple moving average is $372.26. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $437.15. The stock has a market cap of $97.26 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 3.71 and a beta of 0.89.

Ferrari (NYSE:RACE) last posted its earnings results on Tuesday, November 3rd. The company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.10. Ferrari had a net margin of 22.55% and a return on equity of 43.71%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business posted $2.14 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts forecast that Ferrari N.V. will post 11.17 EPS for the current fiscal year.

About Ferrari

Ferrari N.V. designs, manufactures and sells luxury sports cars under the Ferrari brand. Based in Maranello, Italy, the company offers a range of road cars, including series-production models, special-series vehicles and limited-edition cars, with customization options for clients. Ferrari also operates a motorsports business centered on its racing heritage. Scuderia Ferrari competes in Formula One and other racing series, while the company organizes customer racing programs and events. In addition to cars and racing, Ferrari develops and licenses branded merchandise and lifestyle products.