Ameritas Advisory Services LLC Purchases Shares of 136 Ferrari N.V. $RACE

Ameritas Advisory Services LLC purchased a new stake in Ferrari N.V. (NYSE:RACE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 136 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Ferrari by 9.7% in the first quarter. Farther Finance Advisors LLC now owns 839 shares of the company’s stock worth $361,000 after buying an additional 74 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Ferrari by 52.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 748 shares of the company’s stock valued at $320,000 after buying an additional 256 shares during the period. SG Americas Securities LLC boosted its stake in shares of Ferrari by 172.8% during the 1st quarter. SG Americas Securities LLC now owns 6,268 shares of the company’s stock valued at $2,682,000 after buying an additional 3,970 shares during the period. Simon Quick Advisors LLC acquired a new stake in shares of Ferrari during the 1st quarter valued at $315,000. Finally, Fifth Third Bancorp raised its position in Ferrari by 7.9% during the first quarter. Fifth Third Bancorp now owns 424 shares of the company’s stock valued at $181,000 after acquiring an additional 31 shares in the last quarter.

Ferrari Stock Down 3.0%

Shares of RACE opened at $395.30 on Friday. The company has a 50-day simple moving average of $470.68 and a 200-day simple moving average of $470.05. The firm has a market capitalization of $95.81 billion, a P/E ratio of 40.79, a P/E/G ratio of 3.19 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. Ferrari N.V. has a 52 week low of $391.54 and a 52 week high of $519.10.

Ferrari (NYSE:RACE) last announced its quarterly earnings data on Thursday, July 31st. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.13. The business had revenue of $2.12 billion during 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 firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 earnings per share. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, equities research analysts expect that Ferrari N.V. will post 9.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RACE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ferrari in a research report on Wednesday. Citigroup reaffirmed a “sell” rating on shares of Ferrari in a research note on Monday, August 11th. Sanford C. Bernstein reduced their price objective on shares of Ferrari from $554.00 to $475.00 and set an “outperform” rating for the company in a research note on Friday. Berenberg Bank set a $570.00 price objective on shares of Ferrari in a research note on Friday, October 3rd. Finally, Zacks Research lowered shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $519.83.

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.