Fox Hill Wealth Management Acquires 98 Shares of Ferrari N.V. $RACE

Fox Hill Wealth Management raised its holdings in shares of Ferrari N.V. (NYSE:RACE) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,640 shares of the company’s stock after purchasing an additional 98 shares during the quarter. Fox Hill Wealth Management’s holdings in Ferrari were worth $1,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bridgewater Advisors Inc. bought a new stake in Ferrari during the 1st quarter valued at $492,000. Zurich Insurance Group Ltd FI grew its stake in shares of Ferrari by 13.2% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 79,796 shares of the company’s stock worth $34,042,000 after acquiring an additional 9,274 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Ferrari by 39.7% in the 1st quarter. Thoroughbred Financial Services LLC now owns 10,286 shares of the company’s stock worth $4,401,000 after acquiring an additional 2,925 shares in the last quarter. Banco Santander S.A. grew its stake in shares of Ferrari by 35.3% in the 1st quarter. Banco Santander S.A. now owns 560,999 shares of the company’s stock worth $240,040,000 after acquiring an additional 146,279 shares in the last quarter. Finally, Callan Family Office LLC grew its stake in shares of Ferrari by 146.3% in the 1st quarter. Callan Family Office LLC now owns 2,763 shares of the company’s stock worth $1,182,000 after acquiring an additional 1,641 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup reiterated a “sell” rating on shares of Ferrari in a research note on Monday, August 11th. UBS Group upped their target price on shares of Ferrari from $540.00 to $570.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a research note on Monday, August 4th. Finally, Zacks Research lowered shares of Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ferrari has an average rating of “Moderate Buy” and a consensus target price of $531.67.

Ferrari Price Performance

Shares of NYSE:RACE opened at $477.89 on Friday. The company’s 50-day moving average is $478.37 and its 200 day moving average is $466.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.94 and a current ratio of 5.09. The company has a market capitalization of $115.83 billion, a P/E ratio of 49.32, a price-to-earnings-growth ratio of 5.46 and a beta of 1.10. Ferrari N.V. has a fifty-two week low of $391.54 and a fifty-two week high of $519.10.

Ferrari (NYSE:RACE) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.13. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 EPS. Ferrari has set its FY 2025 guidance at 9.751- EPS. On average, equities research analysts forecast 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.