3,145 Shares in Ferrari N.V. $RACE Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in Ferrari N.V. (NYSE:RACE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,145 shares of the company’s stock, valued at approximately $1,543,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RACE. Goldman Sachs Group Inc. grew its position in Ferrari by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company’s stock worth $974,332,000 after acquiring an additional 781,587 shares during the last quarter. Groupe la Francaise acquired a new position in shares of Ferrari during the first quarter worth $238,818,000. Nuveen LLC bought a new stake in shares of Ferrari in the first quarter worth $233,200,000. Vanguard Group Inc. increased its holdings in Ferrari by 8.1% in the first 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 period. Finally, Citigroup Inc. increased its holdings in Ferrari by 155.1% in the first 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 period.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. HSBC raised Ferrari from a “hold” rating to a “buy” rating and set a $470.00 target price on the stock in a report on Thursday, October 2nd. Evercore ISI lowered their price objective on Ferrari from $580.00 to $475.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Zacks Research lowered Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Citigroup decreased their target price on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $504.71.

Ferrari Stock Up 2.6%

Shares of Ferrari stock opened at $421.98 on Wednesday. The stock’s 50-day moving average is $443.51 and its 200 day moving average is $465.86. Ferrari N.V. has a one year low of $372.31 and a one year high of $519.10. The firm has a market cap of $102.28 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 4.52 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.90 and a quick ratio of 3.78.

Ferrari (NYSE:RACE) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.15. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.94 billion. Ferrari had a return on equity of 44.20% and a net margin of 22.65%. Ferrari has set its FY 2025 guidance at 10.290- EPS. Equities research analysts anticipate that Ferrari N.V. will post 9.22 EPS for the current year.

Ferrari 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.