Oliver Lagore Vanvalin Investment Group Makes New $519,000 Investment in Ferrari N.V. $RACE

Key Points

• Oliver Lagore Vanvalin Investment Group invested approximately $519,000 in Ferrari N.V. by purchasing 1,057 shares in the second quarter.
• Ferrari's consensus rating is a "Moderate Buy" with a consensus price target of $531.67 according to multiple research firms.
• Ferrari's most recent earnings report showed a 4.4% year-over-year revenue increase and earnings per share (EPS) of $2.70, surpassing analysts' expectations of $2.57.

Oliver Lagore Vanvalin Investment Group bought a new position in Ferrari N.V. (NYSE:RACE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,057 shares of the company's stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RACE. Goldman Sachs Group Inc. grew its position in Ferrari by 52.3% in the 1st 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 during the last quarter. Groupe la Francaise acquired a new stake in shares of Ferrari during the 1st quarter valued at about $238,818,000. Nuveen LLC bought a new position in Ferrari during the 1st quarter valued at about $233,200,000. Vanguard Group Inc. lifted its holdings in Ferrari by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company's stock valued at $2,165,683,000 after purchasing an additional 377,929 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Ferrari by 155.1% during the 1st quarter. Citigroup Inc. now owns 269,862 shares of the company's stock valued at $115,469,000 after purchasing an additional 164,092 shares during the last quarter.

Ferrari Stock Up 2.1%

Shares of NYSE:RACE traded up $9.96 during midday trading on Tuesday, reaching $487.70. 222,310 shares of the company were exchanged, compared to its average volume of 412,548. Ferrari N.V. has a fifty-two week low of $391.54 and a fifty-two week high of $519.10. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $476.96 and a two-hundred day simple moving average of $467.04. The firm has a market cap of $118.21 billion, a PE ratio of 50.40, a P/E/G ratio of 5.46 and a beta of 1.09.

Ferrari (NYSE:RACE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.13. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the business earned $2.29 EPS. The company's revenue 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, sell-side analysts forecast that Ferrari N.V. will post 9.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RACE shares. Royal Bank Of Canada reissued an "outperform" rating on shares of Ferrari in a research note on Monday, August 4th. Zacks Research cut shares of Ferrari from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 29th. Cfra Research cut shares of Ferrari from a "hold" rating to a "moderate sell" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. Finally, UBS Group raised 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. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $531.67.

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.