Baltimore Washington Financial Advisors Inc. Raises Holdings in Ferrari N.V. $RACE

Baltimore Washington Financial Advisors Inc. lifted its position in Ferrari N.V. (NYSE:RACE) by 32.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,297 shares of the company’s stock after purchasing an additional 3,523 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Ferrari were worth $7,016,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RACE. Vanguard Group Inc. grew its holdings in Ferrari by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company’s stock valued at $2,165,683,000 after buying an additional 377,929 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Ferrari by 52.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,277,115 shares of the company’s stock valued at $974,332,000 after acquiring an additional 781,587 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Ferrari by 9.1% during the 2nd 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 during the last quarter. Price T Rowe Associates Inc. MD grew 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 purchasing an additional 25,883 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Ferrari by 8.1% in the first quarter. Alliancebernstein L.P. now owns 1,767,337 shares of the company’s stock worth $756,208,000 after purchasing an additional 131,945 shares during the last quarter.

Ferrari Stock Performance

Ferrari stock opened at $383.10 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.90 and a quick ratio of 3.78. The firm has a market capitalization of $92.86 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 4.08 and a beta of 1.07. Ferrari N.V. has a 1-year low of $372.31 and a 1-year high of $519.10. The company’s 50-day moving average is $424.89 and its 200 day moving average is $460.32.

Ferrari (NYSE:RACE) last released its earnings results on Tuesday, November 4th. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.94 billion. Ferrari has set its FY 2025 guidance at 10.290- EPS. Research analysts forecast that Ferrari N.V. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on RACE. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price target on shares of Ferrari from $460.00 to $457.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Hsbc Global Res raised Ferrari from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. The Goldman Sachs Group upgraded Ferrari to a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrari in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferrari currently has a consensus rating of “Buy” and an average target price of $498.00.

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.