Exane Asset Management Has $10.71 Million Position in Ferrari N.V. $RACE

Key Points

• Exane Asset Management significantly increased its position in Ferrari N.V. by 5,211.1% during the second quarter, now holding 21,935 shares valued at approximately $10.71 million.
• The company's recent earnings report showed an EPS of $2.70, beating estimates, with a net margin of 22.95% and a quarterly revenue growth of 4.4% compared to the previous year.
• Analyst ratings for Ferrari are generally positive, with a consensus of "Moderate Buy" and an average price target of $531.67, indicating strong investor interest.

Exane Asset Management grew its holdings in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 5,211.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,935 shares of the company's stock after acquiring an additional 21,522 shares during the quarter. Ferrari accounts for approximately 4.5% of Exane Asset Management's holdings, making the stock its 8th biggest holding. Exane Asset Management's holdings in Ferrari were worth $10,710,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Ferrari by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company's stock worth $2,165,683,000 after purchasing an additional 377,929 shares during the last quarter. Bank of Italy lifted its stake in shares of Ferrari by 2.9% in the 1st quarter. Bank of Italy now owns 2,407,271 shares of the company's stock valued at $1,021,078,000 after acquiring an additional 67,651 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Ferrari by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company's stock valued at $974,332,000 after acquiring an additional 781,587 shares during the period. Price T Rowe Associates Inc. MD grew its position in Ferrari by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,822,147 shares of the company's stock worth $779,661,000 after acquiring an additional 25,883 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Ferrari by 8.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,767,337 shares of the company's stock worth $756,208,000 after purchasing an additional 131,945 shares during the period.

Ferrari Trading Up 0.3%

Shares of RACE opened at $474.73 on Monday. Ferrari N.V. has a 1-year low of $391.54 and a 1-year 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. The firm's 50-day moving average price is $475.17 and its 200-day moving average price is $468.05. The firm has a market capitalization of $115.06 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 3.83 and a beta of 1.09.

Ferrari (NYSE:RACE - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.70 EPS for the quarter, topping the consensus estimate 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 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 period last year, the business posted $2.29 earnings per share. Ferrari has set its FY 2025 guidance at 9.751- EPS. Sell-side analysts anticipate that Ferrari N.V. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RACE shares. Citigroup reissued a "sell" rating on shares of Ferrari in a research note on Monday, August 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ferrari in a report on Monday, August 4th. Zacks Research lowered shares of Ferrari from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. UBS Group upped their price objective on shares of Ferrari from $540.00 to $570.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Finally, Berenberg Bank assumed coverage on shares of Ferrari in a report on Tuesday, September 16th. They set a "buy" rating for the company. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $531.67.

Ferrari Company 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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