Valeo Financial Advisors LLC Buys 73,634 Shares of Ferrari N.V. $RACE

Key Points

• Valeo Financial Advisors LLC significantly increased its stake in Ferrari N.V. by 73,634 shares, raising its total ownership to 74,697 shares, valued at approximately $36.7 million.
• Ferrari reported earnings per share (EPS) of $2.70 for the last quarter, exceeding estimates of $2.57, along with a revenue increase of 4.4% year-over-year.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Ferrari, with a price target averaging around $528.80.

Valeo Financial Advisors LLC lifted its stake in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 6,927.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,697 shares of the company's stock after acquiring an additional 73,634 shares during the quarter. Valeo Financial Advisors LLC's holdings in Ferrari were worth $36,657,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Bridgewater Advisors Inc. bought a new stake in Ferrari during the 1st quarter valued at $492,000. Thoroughbred Financial Services LLC increased its stake in shares of Ferrari by 39.7% during the first quarter. Thoroughbred Financial Services LLC now owns 10,286 shares of the company's stock valued at $4,401,000 after buying an additional 2,925 shares during the period. Banco Santander S.A. lifted its stake in Ferrari by 35.3% in the first quarter. Banco Santander S.A. now owns 560,999 shares of the company's stock worth $240,040,000 after acquiring an additional 146,279 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in Ferrari by 75.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 3,580 shares of the company's stock worth $1,532,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Callan Family Office LLC grew its holdings in Ferrari by 146.3% during the 1st quarter. Callan Family Office LLC now owns 2,763 shares of the company's stock worth $1,182,000 after acquiring an additional 1,641 shares in the last quarter.

Ferrari Price Performance

Shares of NYSE RACE opened at $500.91 on Monday. 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 market cap of $121.41 billion, a PE ratio of 51.69, a P/E/G ratio of 4.04 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 business has a 50-day simple moving average of $473.20 and a two-hundred day simple moving average of $469.54.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.29 earnings per share. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, equities analysts expect that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RACE shares. Citigroup reaffirmed a "sell" rating on shares of Ferrari in a research report on Monday, August 11th. Royal Bank Of Canada restated an "outperform" rating on shares of Ferrari in a report on Monday, August 4th. Hsbc Global Res raised Ferrari from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Zacks Research lowered Ferrari from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 29th. Finally, UBS Group upped their price objective on Ferrari from $570.00 to $579.00 and gave the stock a "buy" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Ferrari currently has a consensus rating of "Moderate Buy" and a consensus price target of $528.80.

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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