Callan Family Office LLC Buys 1,615 Shares of Ferrari N.V. $RACE

Key Points

• Callan Family Office LLC increased its stake in Ferrari N.V. by 58.5% in Q2, acquiring an additional 1,615 shares, bringing their total to 4,378 shares valued at approximately $2.15 million.
• Several institutional investors have made significant adjustments to their Ferrari holdings, with GW&K Investment Management boosting their stake by 288.9% in Q1.
• Analyst ratings for Ferrari show a mix of upgrades and downgrades, resulting in an average rating of "Moderate Buy" with an average target price of $519.83.

Callan Family Office LLC boosted its stake in Ferrari N.V. (NYSE:RACE - Free Report) by 58.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,378 shares of the company's stock after acquiring an additional 1,615 shares during the period. Callan Family Office LLC's holdings in Ferrari were worth $2,148,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. GW&K Investment Management LLC boosted its holdings in shares of Ferrari by 288.9% during the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company's stock worth $30,000 after buying an additional 52 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Ferrari during the 1st quarter worth approximately $33,000. Brooklyn Investment Group boosted its holdings in shares of Ferrari by 381.3% during the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company's stock worth $33,000 after buying an additional 61 shares in the last quarter. GAMMA Investing LLC boosted 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 buying an additional 21 shares in the last quarter. Finally, Centerpoint Advisors LLC bought a new position in shares of Ferrari during the 1st quarter worth approximately $43,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RACE. Cfra Research cut Ferrari from a "hold" rating to a "moderate sell" rating in a report on Thursday, July 31st. Hsbc Global Res upgraded Ferrari from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft raised Ferrari from a "hold" rating to a "buy" rating in a research report on Tuesday, September 2nd. Berenberg Bank set a $570.00 target price on Ferrari in a research report on Friday, October 3rd. Finally, HSBC raised Ferrari from a "hold" rating to a "buy" rating and set a $470.00 target price on the stock in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $519.83.

Ferrari Trading Down 3.0%

NYSE RACE opened at $395.30 on Friday. The firm has a market capitalization of $95.81 billion, a P/E ratio of 40.79, a PEG ratio of 3.19 and a beta of 1.08. The business has a fifty day simple moving average of $470.68 and a 200 day simple moving average of $470.05. Ferrari N.V. has a 12 month low of $391.54 and a 12 month high of $519.10. The company has a current ratio of 5.09, a quick ratio of 3.94 and a debt-to-equity ratio of 0.89.

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

About Ferrari

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.

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