Ransom Advisory Ltd Makes New $781,000 Investment in Ferrari N.V. $RACE

Key Points

• Ransom Advisory Ltd has acquired 1,825 shares of Ferrari N.V. valued at approximately $781,000, marking a new investment in the luxury sports car manufacturer.
• Analysts have had mixed ratings on Ferrari's stock, with UBS Group raising their price target from $540 to $570, while Cfra Research downgraded it from "hold" to "moderate sell."
• For Q2, Ferrari reported earnings per share of $2.70, exceeding analyst expectations, with a year-over-year revenue increase of 4.4% to $2.12 billion.

Ransom Advisory Ltd purchased a new position in shares of Ferrari N.V. (NYSE:RACE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,825 shares of the company's stock, valued at approximately $781,000.

A number of other large investors have also recently bought and sold shares of RACE. Goldman Sachs Group Inc. boosted its position in Ferrari by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company's stock worth $974,332,000 after acquiring an additional 781,587 shares during the last quarter. Groupe la Francaise acquired a new position in Ferrari during the 1st quarter worth approximately $238,818,000. Nuveen LLC acquired a new position in Ferrari during the 1st quarter worth approximately $233,200,000. Vanguard Group Inc. boosted its holdings in shares of Ferrari by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company's stock valued at $2,165,683,000 after buying an additional 377,929 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Ferrari by 155.1% in the 1st quarter. Citigroup Inc. now owns 269,862 shares of the company's stock valued at $115,469,000 after buying an additional 164,092 shares during the last quarter.

Ferrari Stock Performance

Ferrari stock traded down $1.47 during mid-day trading on Friday, hitting $477.89. 158,669 shares of the company's stock traded hands, compared to its average volume of 296,652. The firm has a 50 day simple moving average of $478.37 and a two-hundred day simple moving average of $466.20. Ferrari N.V. has a fifty-two week low of $391.54 and a fifty-two week high of $519.10. The stock has a market cap of $115.83 billion, a price-to-earnings ratio of 49.32, a P/E/G ratio of 5.46 and a beta of 1.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.13. The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.05 billion. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, research analysts expect that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cfra Research downgraded Ferrari from a "hold" rating to a "moderate sell" rating in a report on Thursday, July 31st. Royal Bank Of Canada reissued an "outperform" rating on shares of Ferrari in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft raised Ferrari from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Zacks Research downgraded Ferrari from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. Finally, UBS Group increased their price objective on Ferrari from $540.00 to $570.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $531.67.

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.