Capital Fund Management S.A. Trims Stock Holdings in Ferrari N.V. $RACE

Key Points

• Capital Fund Management S.A. reduced its holdings in Ferrari N.V. by 24.3%, selling 7,038 shares, and now owns 21,874 shares valued at approximately $9.36 million.
• Ferrari's quarterly earnings surpassed expectations with $2.70 earnings per share, while revenue increased by 4.4% year-over-year, reaching $2.12 billion.
• Analysts have mixed ratings on Ferrari, with UBS raising its price target to $560, while others like Citigroup and Wall Street Zen have shown more cautious stances.

Capital Fund Management S.A. lowered its position in Ferrari N.V. (NYSE:RACE - Free Report) by 24.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,874 shares of the company's stock after selling 7,038 shares during the quarter. Capital Fund Management S.A.'s holdings in Ferrari were worth $9,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GW&K Investment Management LLC lifted its stake in Ferrari by 288.9% in the first quarter. GW&K Investment Management LLC now owns 70 shares of the company's stock valued at $30,000 after buying an additional 52 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Ferrari in the fourth quarter valued at approximately $32,000. Alpine Bank Wealth Management purchased a new stake in shares of Ferrari during the first quarter worth approximately $33,000. Brooklyn Investment Group raised its stake in shares of Ferrari by 381.3% during the first quarter. Brooklyn Investment Group now owns 77 shares of the company's stock worth $33,000 after purchasing an additional 61 shares during the last quarter. Finally, Webster Bank N. A. purchased a new stake in shares of Ferrari during the first quarter worth approximately $43,000.

Ferrari Stock Performance

NYSE:RACE opened at $466.3290 on Friday. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. 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 $113.03 billion, a PE ratio of 48.12, a price-to-earnings-growth ratio of 5.06 and a beta of 1.09. The firm's fifty day simple moving average is $476.81 and its 200-day simple moving average is $466.85.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group upped their price target on Ferrari from $520.00 to $560.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Citigroup restated a "sell" rating on shares of Ferrari in a research note on Monday, August 11th. Wall Street Zen cut Ferrari from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Royal Bank Of Canada restated an "outperform" rating on shares of Ferrari in a research note on Monday, August 4th. Finally, Cfra Research cut Ferrari from a "hold" rating to a "moderate sell" rating in a research note on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $526.25.

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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