Generali Asset Management SPA SGR Buys 1,405 Shares of Ferrari N.V. $RACE

Key Points

• Generali Asset Management SPA SGR increased its stake in Ferrari N.V. by 3.4%, purchasing an additional 1,405 shares, bringing its total holdings to 43,205 shares valued at approximately $21.2 million.
• Ferrari reported an EPS of $2.70 for the last quarter, exceeding estimates and indicating a 4.4% increase in quarterly revenue year-over-year.
• Analysts have recently set various ratings for Ferrari, with Deutsche Bank upgrading it to a "buy", while others maintain a "hold" stance; the company's average target price is $519.83.

Generali Asset Management SPA SGR lifted its position in Ferrari N.V. (NYSE:RACE - Free Report) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,205 shares of the company's stock after buying an additional 1,405 shares during the quarter. Generali Asset Management SPA SGR's holdings in Ferrari were worth $21,202,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. lifted its stake in Ferrari by 11.8% in the 2nd quarter. Harbour Investments Inc. now owns 466 shares of the company's stock worth $229,000 after purchasing an additional 49 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Ferrari by 1.1% in the second quarter. TD Asset Management Inc now owns 415,850 shares of the company's stock worth $203,677,000 after purchasing an additional 4,434 shares during the period. Moran Wealth Management LLC raised its position in shares of Ferrari by 28.5% in the second quarter. Moran Wealth Management LLC now owns 686 shares of the company's stock worth $335,000 after buying an additional 152 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Ferrari by 7.4% during the second quarter. Verdence Capital Advisors LLC now owns 2,664 shares of the company's stock valued at $1,307,000 after buying an additional 184 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in Ferrari by 33.4% during the second quarter. Atria Wealth Solutions Inc. now owns 1,363 shares of the company's stock valued at $666,000 after buying an additional 341 shares during the period.

Ferrari Trading Up 1.0%

RACE stock opened at $382.60 on Wednesday. The company has a market capitalization of $92.74 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 4.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09. Ferrari N.V. has a one year low of $372.31 and a one year high of $519.10. The company's 50 day moving average price is $468.29 and its two-hundred day moving average price is $469.39.

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 company had revenue of $2.12 billion for 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%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, analysts predict that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on RACE. Deutsche Bank Aktiengesellschaft raised Ferrari from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Zacks Research downgraded shares of Ferrari from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 29th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ferrari in a research note on Monday, August 4th. Weiss Ratings restated a "buy (b)" rating on shares of Ferrari in a research report on Wednesday, October 8th. Finally, HSBC upgraded shares of Ferrari from a "hold" rating to a "buy" rating and set a $470.00 target price for the company in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $519.83.

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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