BLI Banque de Luxembourg Investments Takes $5.76 Million Position in Ferrari N.V. $RACE

BLI Banque de Luxembourg Investments purchased a new stake in shares of Ferrari N.V. (NYSE:RACE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,800 shares of the company’s stock, valued at approximately $5,756,000.

Other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in Ferrari by 11.7% during the first quarter. Cetera Investment Advisers now owns 11,331 shares of the company’s stock worth $4,813,000 after acquiring an additional 1,185 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Ferrari by 1.0% during the 1st quarter. LPL Financial LLC now owns 44,222 shares of the company’s stock worth $18,922,000 after purchasing an additional 430 shares during the period. Harbour Investments Inc. grew its holdings in shares of Ferrari by 105.4% during the 1st quarter. Harbour Investments Inc. now owns 417 shares of the company’s stock worth $178,000 after purchasing an additional 214 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Ferrari by 3.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,087 shares of the company’s stock worth $5,600,000 after purchasing an additional 376 shares during the last quarter. Finally, J. Safra Sarasin Holding AG raised its holdings in Ferrari by 0.8% in the 1st quarter. J. Safra Sarasin Holding AG now owns 17,107 shares of the company’s stock valued at $7,407,000 after buying an additional 144 shares during the period.

Ferrari Stock Performance

Shares of RACE stock opened at $390.11 on Monday. The firm has a 50 day moving average of $421.07 and a two-hundred day moving average of $458.63. The stock has a market capitalization of $94.56 billion, a PE ratio of 39.41, a P/E/G ratio of 4.15 and a beta of 1.01. The company has a quick ratio of 3.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.76. Ferrari N.V. has a 52 week low of $372.31 and a 52 week high of $519.10.

Ferrari (NYSE:RACE) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.15. The business had revenue of $2.07 billion for 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. On average, research analysts predict that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup decreased their target price on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Evercore ISI reduced their price target on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Zacks Research lowered shares of Ferrari from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. UBS Group reiterated a “buy” rating and issued a $563.00 target price on shares of Ferrari in a report on Friday. Finally, Berenberg Bank set a $570.00 target price on Ferrari in a research report on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ferrari presently has an average rating of “Buy” and a consensus price target of $499.13.

About Ferrari

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.