Dnca Finance Sells 1,672 Shares of Ferrari N.V. $RACE

Dnca Finance lessened its holdings in Ferrari N.V. (NYSE:RACE) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,435 shares of the company’s stock after selling 1,672 shares during the period. Ferrari comprises 4.9% of Dnca Finance’s holdings, making the stock its 6th biggest holding. Dnca Finance owned approximately 0.05% of Ferrari worth $63,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jump Financial LLC bought a new stake in shares of Ferrari during the 2nd quarter valued at approximately $19,609,000. Capula Management Ltd bought a new position in Ferrari in the 2nd quarter valued at approximately $397,000. Cresset Asset Management LLC boosted its position in Ferrari by 2.0% in the second quarter. Cresset Asset Management LLC now owns 2,183 shares of the company’s stock valued at $1,071,000 after buying an additional 42 shares in the last quarter. Tema Etfs LLC bought a new stake in shares of Ferrari during the second quarter worth $230,000. Finally, Brown Advisory Inc. increased its holdings in shares of Ferrari by 38.3% during the second quarter. Brown Advisory Inc. now owns 744 shares of the company’s stock worth $365,000 after buying an additional 206 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RACE. Hsbc Global Res upgraded Ferrari from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Berenberg Bank set a $570.00 price target on Ferrari in a report on Friday, October 3rd. Sanford C. Bernstein dropped their price objective on shares of Ferrari from $554.00 to $475.00 and set an “outperform” rating for the company in a report on Friday, October 10th. Zacks Research downgraded shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 29th. Finally, Evercore ISI reduced their target price on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $497.19.

Ferrari Price Performance

Shares of RACE opened at $393.04 on Friday. The business has a 50-day moving average of $412.29 and a 200-day moving average of $455.18. 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 company has a market capitalization of $95.26 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 4.16 and a beta of 1.01. Ferrari N.V. has a 1 year low of $372.31 and a 1 year high of $519.10.

Ferrari (NYSE:RACE) last released its earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.15. Ferrari had a net margin of 22.65% and a return on equity of 44.20%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.94 billion. Ferrari has set its FY 2025 guidance at 10.290- EPS. As a group, equities research analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current year.

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.