Ferrari N.V. $RACE Shares Acquired by Roundview Capital LLC

Key Points

• Roundview Capital LLC increased its holdings in Ferrari N.V. by 40.7%, owning 7,706 shares valued at approximately $3.78 million after acquiring additional shares in the second quarter.
• In the latest earnings report, Ferrari posted an EPS of $2.70, exceeding expectations of $2.57, with quarterly revenue rising 4.4% year-over-year to $2.12 billion.
• Overall, analysts have a consensus rating of "Moderate Buy" for Ferrari shares, with a price target of $528.80, reflecting strong interest from institutional investors.

Roundview Capital LLC increased its position in Ferrari N.V. (NYSE:RACE - Free Report) by 40.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,706 shares of the company's stock after purchasing an additional 2,230 shares during the period. Roundview Capital LLC's holdings in Ferrari were worth $3,782,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RACE. Goldman Sachs Group Inc. grew its stake 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 purchasing an additional 781,587 shares in the last quarter. Groupe la Francaise bought a new position in Ferrari in the first quarter worth about $238,818,000. Nuveen LLC bought a new position in Ferrari in the first quarter worth about $233,200,000. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 377,929 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Ferrari by 155.1% in the first quarter. Citigroup Inc. now owns 269,862 shares of the company's stock worth $115,469,000 after acquiring an additional 164,092 shares during the last quarter.

Ferrari Price Performance

Shares of NYSE:RACE opened at $490.64 on Tuesday. Ferrari N.V. has a 12 month low of $391.54 and a 12 month high of $519.10. The stock has a market cap of $118.92 billion, a price-to-earnings ratio of 50.63, a PEG ratio of 4.04 and a beta of 1.08. The stock's 50 day moving average price is $472.86 and its 200 day moving average price is $469.92. 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 (NYSE:RACE - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.57 by $0.13. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter in the previous year, the company earned $2.29 earnings per share. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. Ferrari has set its FY 2025 guidance at 9.751- EPS. Equities research analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RACE shares. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Cfra Research cut shares of Ferrari from a "hold" rating to a "moderate sell" rating in a report on Thursday, July 31st. Zacks Research cut shares of Ferrari from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. Citigroup reissued a "sell" rating on shares of Ferrari in a report on Monday, August 11th. Finally, HSBC raised Ferrari from a "hold" rating to a "buy" rating and set a $470.00 price target on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ferrari presently has a consensus rating of "Moderate Buy" and a consensus price target of $528.80.

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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