Ferrari N.V. $RACE Stock Holdings Lifted by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Ferrari N.V. by 26.5% during the second quarter, bringing their total to 10,599 shares valued at over $5 million.
• Several large investors have also boosted their positions, with Callan Family Office LLC increasing its stake by 58.5% and other firms like Banco Santander S.A. and Dynamic Technology Lab making significant purchases.
• Despite recent increases in holdings, Ferrari stock is currently down 4.2% and has a market cap of $91.90 billion, with analysts giving it a consensus rating of "Moderate Buy".

Vanguard Personalized Indexing Management LLC lifted its holdings in Ferrari N.V. (NYSE:RACE - Free Report) by 26.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,599 shares of the company's stock after buying an additional 2,220 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Ferrari were worth $5,205,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Callan Family Office LLC lifted its position in shares of Ferrari by 58.5% in the 2nd quarter. Callan Family Office LLC now owns 4,378 shares of the company's stock worth $2,148,000 after buying an additional 1,615 shares during the last quarter. Bridgewater Advisors Inc. bought a new position in shares of Ferrari in the 1st quarter worth about $492,000. Thoroughbred Financial Services LLC lifted its position in shares of Ferrari by 39.7% in the 1st quarter. Thoroughbred Financial Services LLC now owns 10,286 shares of the company's stock worth $4,401,000 after buying an additional 2,925 shares during the last quarter. Banco Santander S.A. lifted its position in shares of Ferrari by 35.3% in the 1st quarter. Banco Santander S.A. now owns 560,999 shares of the company's stock worth $240,040,000 after buying an additional 146,279 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Ferrari by 75.1% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 3,580 shares of the company's stock worth $1,532,000 after buying an additional 1,535 shares during the last quarter.

Wall Street Analysts Forecast Growth

RACE has been the topic of a number of analyst reports. HSBC raised shares of Ferrari from a "hold" rating to a "buy" rating and set a $470.00 price objective on the stock in a report on Thursday, October 2nd. Hsbc Global Res raised shares of Ferrari from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 2nd. Zacks Research cut shares of Ferrari from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. Citigroup reaffirmed a "sell" rating on shares of Ferrari in a report on Monday, August 11th. Finally, Cfra Research cut shares of Ferrari from a "hold" rating to a "moderate sell" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $519.83.

Ferrari Stock Down 4.2%

Ferrari stock opened at $379.14 on Tuesday. The stock has a market cap of $91.90 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 3.19 and a beta of 1.08. 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 company's 50-day moving average price is $469.49 and its two-hundred day moving average price is $470.00. Ferrari N.V. has a 52 week low of $377.64 and a 52 week high of $519.10.

Ferrari (NYSE:RACE - Get Free Report) last released its 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. The firm 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%. Ferrari's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, analysts expect that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

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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