5,000 Shares in Ferrari N.V. $RACE Acquired by Sculptor Capital LP

Key Points

• Sculptor Capital LP acquired a new stake in Ferrari N.V., purchasing 5,000 shares valued at approximately $2.14 million during the first quarter.
• Goldman Sachs Group Inc. significantly increased its holdings in Ferrari by 52.3%, now owning over 2.27 million shares valued at $974.3 million.
• Analysts' ratings for Ferrari are mixed, with six having a "Buy" rating and one "Sell," while UBS Group raised its price target from $520 to $560.

Sculptor Capital LP bought a new position in shares of Ferrari N.V. (NYSE:RACE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the company's stock, valued at approximately $2,139,000.

Several other large investors also recently bought and sold shares of the business. Sound View Wealth Advisors Group LLC grew its stake in Ferrari by 1.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 2,198 shares of the company's stock valued at $940,000 after acquiring an additional 21 shares in the last quarter. Garde Capital Inc. grew its stake in 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 in the last quarter. Rehmann Capital Advisory Group grew its stake in 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 in the last quarter. Aviso Financial Inc. grew its stake in 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 in the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its stake in Ferrari by 42.9% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 100 shares of the company's stock valued at $43,000 after acquiring an additional 30 shares in the last quarter.

Ferrari Trading Up 0.4%

Shares of RACE stock traded up $2.20 during trading hours on Wednesday, hitting $494.28. The company had a trading volume of 319,069 shares, compared to its average volume of 420,976. The company's fifty day moving average is $478.88 and its 200 day moving average is $467.04. 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 N.V. has a fifty-two week low of $391.54 and a fifty-two week high of $519.10. The stock has a market capitalization of $119.80 billion, a PE ratio of 51.01, a price-to-earnings-growth ratio of 5.44 and a beta of 1.10.

Ferrari (NYSE:RACE - Get Free Report) last issued its quarterly earnings data 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 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 prior year, the business posted $2.29 EPS. The business'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. Research analysts expect that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cfra Research cut shares of Ferrari from a "hold" rating to a "moderate sell" rating in a research note on Thursday, July 31st. UBS Group upped 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. Deutsche Bank Aktiengesellschaft raised shares of Ferrari from a "hold" rating to a "buy" rating in a research note on Tuesday. Zacks Research lowered shares of Ferrari from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. Finally, Wall Street Zen lowered shares of Ferrari from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $531.67.

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.