Ferrari N.V. $RACE Shares Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd raised its stake in Ferrari N.V. (NYSE:RACE) by 335.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,491 shares of the company’s stock after purchasing an additional 25,022 shares during the period. AustralianSuper Pty Ltd’s holdings in Ferrari were worth $15,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of RACE. Mather Group LLC. acquired a new stake in shares of Ferrari in the 3rd quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in Ferrari during the 3rd quarter worth approximately $28,000. Newbridge Financial Services Group Inc. acquired a new position in Ferrari during the second quarter worth $30,000. Virtus Advisers LLC acquired a new position in shares of Ferrari during the 2nd quarter worth $34,000. Finally, GAMMA Investing LLC grew its position in Ferrari by 41.2% during the second quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock worth $35,000 after buying an additional 21 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RACE. The Goldman Sachs Group raised Ferrari to a “strong-buy” rating in a research note on Monday, November 24th. Hsbc Global Res cut Ferrari from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Barclays set a $420.00 price objective on shares of Ferrari and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Citigroup decreased their target price on Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ferrari in a research report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $480.67.

Ferrari Stock Performance

Shares of RACE opened at $338.62 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.78 and a current ratio of 4.90. The firm has a fifty day moving average of $368.44 and a 200-day moving average of $423.76. The company has a market cap of $82.08 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. Ferrari N.V. has a 1 year low of $332.64 and a 1 year high of $519.10.

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

About Ferrari

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.