CW Advisors LLC Takes Position in Ferrari N.V. $RACE

Key Points

• CW Advisors LLC acquired 991 shares of Ferrari N.V. valued at approximately $423,000 during the first quarter of the year.
• Vanguard Group Inc. increased its stake in Ferrari by 8.1%, now holding over 5 million shares valued at around $2.17 billion.
• Ferrari reported a Q2 EPS of $2.70, surpassing analysts' expectations of $2.57, with revenue rising 4.4% from the previous year.

CW Advisors LLC bought a new stake in Ferrari N.V. (NYSE:RACE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 991 shares of the company's stock, valued at approximately $423,000.

Several other large investors have also modified their holdings of RACE. GW&K Investment Management LLC raised its position in Ferrari by 288.9% in the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company's stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Ferrari in the 4th quarter valued at $32,000. Alpine Bank Wealth Management purchased a new stake in Ferrari in the 1st quarter valued at $33,000. Brooklyn Investment Group raised its position in Ferrari by 381.3% in the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company's stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. Finally, Webster Bank N. A. purchased a new position in Ferrari during the 1st quarter worth $43,000.

Wall Street Analyst Weigh In

RACE has been the subject of a number of analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Ferrari in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Ferrari from a "hold" rating to a "buy" rating in a research report on Tuesday. Citigroup restated a "sell" rating on shares of Ferrari in a research report on Monday, August 11th. Wall Street Zen downgraded shares of Ferrari from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, UBS Group upped their price objective on shares of Ferrari from $520.00 to $560.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $528.33.

Ferrari Trading Up 3.0%

Shares of RACE traded up $14.16 during mid-day trading on Tuesday, hitting $491.37. The company had a trading volume of 405,530 shares, compared to its average volume of 380,664. Ferrari N.V. has a 1-year low of $391.54 and a 1-year high of $519.10. The business's 50-day simple moving average is $478.88 and its 200-day simple moving average is $467.04. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. The stock has a market cap of $119.10 billion, a PE ratio of 50.71, a P/E/G ratio of 5.44 and a beta of 1.10.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.57 by $0.13. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm posted $2.29 earnings per share. Ferrari's revenue for the quarter was up 4.4% compared to the same quarter last year. Ferrari has set its FY 2025 guidance at 9.751- EPS. Sell-side 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.