Cubist Systematic Strategies LLC Has $12.09 Million Stock Position in Ferrari N.V. $RACE

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Ferrari N.V. by 4,608.7%, owning a total of 28,252 shares worth approximately $12.1 million after purchasing an additional 27,652 shares in the first quarter.
• Ferrari's recent earnings report showed a 12.8% increase in earnings per share, beating analysts' expectations, and the company set a FY 2025 guidance of 9.751 EPS.
• Analysts have mixed sentiments on Ferrari, with a consensus rating of "Moderate Buy" and an average target price of $528.33, reflecting a range of ratings from sell to outperform.

Cubist Systematic Strategies LLC raised its holdings in Ferrari N.V. (NYSE:RACE - Free Report) by 4,608.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,252 shares of the company's stock after purchasing an additional 27,652 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Ferrari were worth $12,089,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Ferrari by 1.0% in the first quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company's stock valued at $940,000 after acquiring an additional 21 shares in the last quarter. Garde Capital Inc. boosted its holdings in Ferrari by 5.0% during the fourth quarter. Garde Capital Inc. now owns 525 shares of the company's stock worth $223,000 after buying an additional 25 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in Ferrari by 3.9% during the first quarter. Rehmann Capital Advisory Group now owns 697 shares of the company's stock worth $299,000 after buying an additional 26 shares in the last quarter. Aviso Financial Inc. boosted its holdings in Ferrari by 1.1% during the first quarter. Aviso Financial Inc. now owns 2,835 shares of the company's stock worth $1,213,000 after buying an additional 30 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in Ferrari by 42.9% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 100 shares of the company's stock worth $43,000 after buying an additional 30 shares in the last quarter.

Analyst Ratings Changes

RACE has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Ferrari from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Cfra Research downgraded shares of Ferrari from a "hold" rating to a "moderate sell" rating in a report on Thursday, July 31st. Zacks Research downgraded shares of Ferrari from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ferrari in a report on Monday, August 4th. Finally, UBS Group lifted their target price on shares of Ferrari from $540.00 to $570.00 and gave the stock a "buy" rating in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ferrari presently has a consensus rating of "Moderate Buy" and a consensus target price of $531.67.

Ferrari Stock Performance

Shares of RACE stock traded down $6.13 during trading hours on Friday, reaching $489.06. The stock had a trading volume of 279,249 shares, compared to its average volume of 337,340. 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 N.V. has a twelve month low of $391.54 and a twelve month high of $519.10. The firm has a 50-day simple moving average of $479.60 and a 200-day simple moving average of $467.07. The firm has a market capitalization of $118.54 billion, a PE ratio of 50.47, a price-to-earnings-growth ratio of 5.64 and a beta of 1.10.

Ferrari (NYSE:RACE - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.05 billion. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, equities analysts forecast that Ferrari N.V. will post 9.22 earnings per share for the current 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.