Ferrari N.V. $RACE Shares Bought by Biglari Capital CORP.

Biglari Capital CORP. lifted its holdings in Ferrari N.V. (NYSE:RACE) by 20.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184,500 shares of the company’s stock after purchasing an additional 31,000 shares during the quarter. Ferrari accounts for approximately 10.5% of Biglari Capital CORP.’s holdings, making the stock its 2nd largest position. Biglari Capital CORP. owned approximately 0.08% of Ferrari worth $90,542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Groupama Asset Managment grew its position in Ferrari by 24,598.5% in the 2nd quarter. Groupama Asset Managment now owns 16,073,800 shares of the company’s stock valued at $7,888,057,000 after buying an additional 16,008,720 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Ferrari by 5.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,866,558 shares of the company’s stock worth $915,995,000 after acquiring an additional 99,221 shares during the period. Jennison Associates LLC boosted its holdings in shares of Ferrari by 9.1% in the second quarter. Jennison Associates LLC now owns 1,841,200 shares of the company’s stock valued at $903,019,000 after acquiring an additional 153,297 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ferrari by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,822,147 shares of the company’s stock valued at $779,661,000 after acquiring an additional 25,883 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Ferrari during the second quarter valued at approximately $885,051,000.

Ferrari Stock Down 0.3%

Shares of Ferrari stock opened at $366.91 on Friday. Ferrari N.V. has a 12-month low of $356.93 and a 12-month high of $519.10. The firm has a market capitalization of $88.93 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 4.07 and a beta of 1.01. The company has a quick ratio of 3.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $400.24 and its 200-day moving average is $451.45.

Ferrari (NYSE:RACE) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.15. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations 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 analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RACE. Evercore ISI cut their target price on Ferrari from $580.00 to $475.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Berenberg Bank set a $570.00 price objective on Ferrari in a report on Friday, October 3rd. Hsbc Global Res raised Ferrari from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Oddo Bhf downgraded shares of Ferrari to a “neutral” rating in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ferrari in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $489.47.

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.