Compound Planning Inc. Sells 580 Shares of Ferrari N.V. $RACE

Key Points

• Compound Planning Inc. reduced its holdings in Ferrari N.V. by 30.6% during the first quarter, now owning 1,313 shares valued at $562,000.
• Several hedge funds, including Banco Santander S.A. and Callan Family Office LLC, increased their investments in Ferrari, with Banco Santander growing its stake by 35.3% to 560,999 shares valued at $240 million.
• Ferrari's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $526.25 and a recent rating cut from Wall Street Zen.

Compound Planning Inc. trimmed its position in Ferrari N.V. (NYSE:RACE - Free Report) by 30.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,313 shares of the company's stock after selling 580 shares during the period. Compound Planning Inc.'s holdings in Ferrari were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC lifted its position in Ferrari by 1.0% in the first quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company's stock worth $940,000 after purchasing an additional 21 shares during the period. Garde Capital Inc. lifted its position in shares of Ferrari by 5.0% during the 4th quarter. Garde Capital Inc. now owns 525 shares of the company's stock valued at $223,000 after acquiring an additional 25 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Ferrari by 3.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 697 shares of the company's stock valued at $299,000 after acquiring an additional 26 shares during the last quarter. Aviso Financial Inc. lifted its position in shares of Ferrari by 1.1% during the 1st quarter. Aviso Financial Inc. now owns 2,835 shares of the company's stock valued at $1,213,000 after acquiring an additional 30 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Ferrari by 7.9% during the 1st quarter. Fifth Third Bancorp now owns 424 shares of the company's stock valued at $181,000 after acquiring an additional 31 shares during the last quarter.

Ferrari Stock Down 0.2%

Shares of NYSE RACE traded down $1.04 during mid-day trading on Friday, reaching $477.95. The company had a trading volume of 186,867 shares, compared to its average volume of 501,894. Ferrari N.V. has a twelve month low of $391.54 and a twelve month high of $519.10. 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 stock has a market capitalization of $115.84 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 5.18 and a beta of 1.09. The stock's 50 day moving average is $478.16 and its 200-day moving average is $467.31.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings results 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. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the business 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. As a group, equities analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RACE shares. Cfra Research downgraded Ferrari from a "hold" rating to a "moderate sell" rating in a research report on Thursday, July 31st. UBS Group increased their price objective on Ferrari from $520.00 to $560.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of Ferrari from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ferrari in a research note on Monday, August 4th. Finally, Citigroup reissued a "sell" rating on shares of Ferrari in a research note on Monday, August 11th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Ferrari presently has an average rating of "Moderate Buy" and an average target price of $528.33.

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.