Beacon Pointe Advisors LLC acquired a new position in shares of Ferrari N.V. (NYSE:RACE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,998 shares of the company's stock, valued at approximately $1,861,000.
A number of other large investors have also recently made changes to their positions in RACE. Benjamin Edwards Inc. grew its position in shares of Ferrari by 3.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 613 shares of the company's stock valued at $299,000 after buying an additional 22 shares during the last quarter. Pacific Sun Financial Corp boosted its position in shares of Ferrari by 2.5% in the 3rd quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company's stock valued at $489,000 after purchasing an additional 25 shares during the period. Horizon Investments LLC boosted its position in shares of Ferrari by 33.3% in the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company's stock valued at $50,000 after purchasing an additional 26 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Ferrari by 1.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,928 shares of the company's stock valued at $946,000 after purchasing an additional 26 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ferrari by 14.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 222 shares of the company's stock worth $108,000 after buying an additional 28 shares during the last quarter.
Ferrari Trading Up 0.1%
Shares of RACE opened at $420.86 on Monday. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86. The firm's 50-day moving average is $390.23 and its two-hundred day moving average is $363.33. Ferrari N.V. has a twelve month low of $312.51 and a twelve month high of $504.49. The firm has a market capitalization of $98.46 billion, a P/E ratio of 39.07, a PEG ratio of 3.61 and a beta of 0.91.
Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.83 by $0.16. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $2.38 EPS. On average, research analysts predict that Ferrari N.V. will post 11.18 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on RACE shares. Needham & Company LLC raised Ferrari to a "neutral" rating in a report on Friday, July 31st. Morgan Stanley reaffirmed an "overweight" rating and issued a $442.00 target price on shares of Ferrari in a report on Friday, July 31st. Evercore reiterated an "outperform" rating and issued a $485.00 price target on shares of Ferrari in a research report on Friday, July 31st. UBS Group decreased their price target on shares of Ferrari from $497.00 to $490.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Finally, Citigroup reissued a "neutral" rating on shares of Ferrari in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $477.15.
Get Our Latest Report on Ferrari
More Ferrari News
Here are the key news stories impacting Ferrari this week:
- Positive Sentiment: Ferrari is reportedly preparing to introduce its upgraded ADUO F1 power unit at the Italian Grand Prix in Monza. A successful upgrade could improve Ferrari’s competitiveness, generate valuable publicity and support the brand’s marketing platform. Ferrari makes crucial upgraded F1 engine decision for Italian GP Ferrari ready to fire up ADUO engine upgrade at Monza
- Positive Sentiment: Ferrari unveiled special Michael Schumacher-inspired race suits and a commemorative livery for its home race at Monza, with Lewis Hamilton expected to participate in the tribute. The initiative reinforces Ferrari’s heritage and fan engagement, potentially supporting its premium-brand appeal and merchandise exposure. Ferrari unveils Michael Schumacher race suits for F1 Italian GP
- Positive Sentiment: An American billionaire reportedly paid $40 million for Ferrari’s first Luce electric vehicle, far above its estimated $1.1 million presale price. Although the tax savings benefit the buyer rather than Ferrari directly, the transaction highlights exceptional pricing power, exclusivity and demand for Ferrari’s limited-production vehicles. American billionaire bought the first Ferrari Luce
- Neutral Sentiment: Ferrari’s Formula 1 leadership identified performance goals after reportedly strong pace at Zandvoort, while a new active-bodywork patent points to possible future hypercar innovation. These developments support the long-term brand narrative but have no confirmed near-term financial impact. Ferrari's New Active Bodywork Patent
- Negative Sentiment: A high-value Ferrari race car was reportedly involved in a track-day crash. The incident appears isolated and is unlikely to materially affect Ferrari N.V.’s earnings, though it creates limited negative publicity.
Ferrari Company Profile
(
Free Report)
Ferrari N.V. NYSE: RACE is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company's core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.
Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.
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