UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $87.44 Million Position in Ferrari N.V. $RACE

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Ferrari N.V. (NYSE:RACE) by 19.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,353 shares of the company’s stock after purchasing an additional 33,613 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.08% of Ferrari worth $87,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GW&K Investment Management LLC lifted its stake in shares of Ferrari by 288.9% in the 1st quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Ferrari in the 4th quarter valued at $32,000. Alpine Bank Wealth Management acquired a new stake in shares of Ferrari in the 1st quarter valued at $33,000. Brooklyn Investment Group lifted its stake in shares of Ferrari by 381.3% in the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. Finally, Webster Bank N. A. acquired a new stake in shares of Ferrari in the 1st quarter valued at $43,000.

Analyst Upgrades and Downgrades

RACE has been the topic of several recent analyst reports. Zacks Research downgraded shares of Ferrari from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. UBS Group lifted their target price on shares of Ferrari from $540.00 to $570.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Citigroup reiterated a “sell” rating on shares of Ferrari in a report on Monday, August 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ferrari presently has an average rating of “Moderate Buy” and an average price target of $531.67.

Ferrari Price Performance

NYSE:RACE opened at $477.89 on Friday. The firm has a market cap of $115.83 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 5.46 and a beta of 1.10. Ferrari N.V. has a 12 month low of $391.54 and a 12 month high of $519.10. The company has a quick ratio of 3.94, a current ratio of 5.09 and a debt-to-equity ratio of 0.89. The company’s 50-day moving average price is $478.37 and its two-hundred day moving average price is $466.10.

Ferrari (NYSE:RACE) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.13. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $2.29 earnings per share. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, equities analysts anticipate that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

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.