Compagnie Lombard Odier SCmA Raises Position in Ferrari N.V. $RACE

Key Points

• Compagnie Lombard Odier SCmA increased its stake in Ferrari N.V. by 0.9%, bringing its total ownership to 166,984 shares, making Ferrari the firm's 22nd largest position.
• Several institutional investors, including Goldman Sachs and Vanguard Group, significantly raised their holdings in Ferrari during the first quarter, reflecting growing confidence in the company.
• Wall Street analysts maintain a generally positive outlook on Ferrari, with an average rating of "Moderate Buy" and a consensus target price of $531.67 despite a mix of buy, hold, and sell ratings from various firms.

Compagnie Lombard Odier SCmA boosted its stake in Ferrari N.V. (NYSE:RACE - Free Report) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,984 shares of the company's stock after buying an additional 1,411 shares during the period. Ferrari accounts for approximately 1.1% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 22nd largest position. Compagnie Lombard Odier SCmA owned 0.07% of Ferrari worth $81,557,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Ferrari from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Cfra Research lowered shares of Ferrari from a "hold" rating to a "moderate sell" rating in a report on Thursday, July 31st. Citigroup reiterated a "sell" rating on shares of Ferrari in a report on Monday, August 11th. UBS Group lifted their target price on shares of Ferrari from $540.00 to $570.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Ferrari in a report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $531.67.

Ferrari Trading Down 0.2%

Shares of Ferrari stock opened at $478.48 on Tuesday. The company has a market capitalization of $115.97 billion, a P/E ratio of 49.38, a P/E/G ratio of 5.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09. The company has a fifty day moving average of $476.96 and a 200 day moving average of $467.04. Ferrari N.V. has a fifty-two week low of $391.54 and a fifty-two week high of $519.10.

Ferrari (NYSE:RACE - Get Free Report) last issued its earnings results 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 company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. Ferrari's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, sell-side analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Ferrari 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.

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