Assetmark Inc. Purchases 192 Shares of Ferrari N.V. $RACE

Assetmark Inc. boosted its position in shares of Ferrari N.V. (NYSE:RACE) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,982 shares of the company’s stock after buying an additional 192 shares during the period. Assetmark Inc.’s holdings in Ferrari were worth $973,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Callan Family Office LLC boosted its stake in Ferrari by 58.5% during the second quarter. Callan Family Office LLC now owns 4,378 shares of the company’s stock worth $2,148,000 after buying an additional 1,615 shares during the period. TD Asset Management Inc lifted its holdings in shares of Ferrari by 1.1% in the 2nd quarter. TD Asset Management Inc now owns 415,850 shares of the company’s stock worth $203,677,000 after acquiring an additional 4,434 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Ferrari by 26.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,599 shares of the company’s stock worth $5,205,000 after purchasing an additional 2,220 shares during the period. Rheos Capital Works Inc. grew its holdings in Ferrari by 14.1% during the 2nd quarter. Rheos Capital Works Inc. now owns 161,700 shares of the company’s stock valued at $79,353,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new stake in Ferrari in the 1st quarter worth about $492,000.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Ferrari in a research report on Friday, October 31st. UBS Group raised their price target on Ferrari from $529.00 to $554.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI cut their price objective on Ferrari from $580.00 to $475.00 and set an “outperform” rating on the stock 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. Finally, Sanford C. Bernstein lowered their target price on shares of Ferrari from $554.00 to $475.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $504.71.

Ferrari Price Performance

Shares of RACE stock opened at $405.60 on Friday. Ferrari N.V. has a twelve month low of $372.31 and a twelve month high of $519.10. The company has a current ratio of 4.90, a quick ratio of 3.94 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $447.52 and a two-hundred day simple moving average of $466.30. The stock has a market capitalization of $98.31 billion, a price-to-earnings ratio of 40.97, a P/E/G ratio of 4.34 and a beta of 1.07.

Ferrari (NYSE:RACE) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.35 by $0.15. Ferrari had a return on equity of 44.20% and a net margin of 22.65%.The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.94 billion. Ferrari has set its FY 2025 guidance at 10.290- EPS. On average, analysts predict 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.