U S Global Investors Inc. Cuts Position in Ferrari N.V. $RACE

Key Points

• U S Global Investors Inc. reduced its stake in Ferrari N.V. by 15.4%, owning 5,485 shares after selling 1,000 shares during the 2nd quarter, with holdings valued at $2,692,000.
• Ferrari's recent earnings report showed $2.70 EPS, surpassing expectations, with revenue of $2.12 billion, an increase of 4.4% year-over-year.
• Analysts have set varying price targets for Ferrari, with UBS raising its target to $579.00, while Zacks downgraded the stock to a "hold" rating.

U S Global Investors Inc. lessened its position in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 15.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,485 shares of the company's stock after selling 1,000 shares during the quarter. U S Global Investors Inc.'s holdings in Ferrari were worth $2,692,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RACE. GW&K Investment Management LLC grew its holdings in Ferrari by 288.9% during the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company's stock valued at $30,000 after buying an additional 52 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Ferrari during the 1st quarter valued at approximately $33,000. Brooklyn Investment Group grew its holdings in Ferrari by 381.3% during the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company's stock valued at $33,000 after buying an additional 61 shares in the last quarter. GAMMA Investing LLC grew its holdings in Ferrari by 41.2% during the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company's stock valued at $35,000 after buying an additional 21 shares in the last quarter. Finally, Centerpoint Advisors LLC purchased a new position in Ferrari during the 1st quarter valued at approximately $43,000.

Ferrari Price Performance

Shares of Ferrari stock opened at $395.30 on Friday. The stock has a market cap of $95.81 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 3.28 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. The stock has a 50 day moving average price of $470.68 and a 200-day moving average price of $469.66. Ferrari N.V. has a one year low of $391.54 and a one year high of $519.10.

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, topping analysts' consensus estimates of $2.57 by $0.13. Ferrari had a return on equity of 45.41% and a net margin of 22.95%.The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the company earned $2.29 EPS. Ferrari's quarterly revenue was up 4.4% compared to the same quarter last year. Ferrari has set its FY 2025 guidance at 9.751- EPS. Equities analysts expect that Ferrari N.V. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

RACE has been the subject of several research analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Ferrari in a report on Wednesday. Zacks Research cut Ferrari from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. UBS Group lifted their target price on Ferrari from $570.00 to $579.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Berenberg Bank set a $570.00 target price on Ferrari in a report on Friday, October 3rd. Finally, Sanford C. Bernstein dropped their target price on Ferrari from $554.00 to $475.00 and set an "outperform" rating for the company in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $519.83.

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.

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