Vontobel Holding Ltd. Has $64.98 Million Stock Holdings in Ferrari N.V. $RACE

Vontobel Holding Ltd. lifted its position in Ferrari N.V. (NYSE:RACE) by 37.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,509 shares of the company’s stock after buying an additional 36,925 shares during the quarter. Vontobel Holding Ltd. owned about 0.06% of Ferrari worth $64,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of RACE. Groupama Asset Managment raised its holdings in Ferrari by 24,598.5% in the 2nd quarter. Groupama Asset Managment now owns 16,073,800 shares of the company’s stock worth $7,888,057,000 after acquiring an additional 16,008,720 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Ferrari by 5.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,866,558 shares of the company’s stock valued at $915,995,000 after purchasing an additional 99,221 shares in the last quarter. Jennison Associates LLC increased 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 worth $903,019,000 after purchasing an additional 153,297 shares in the last quarter. Norges Bank bought a new position in Ferrari during the 2nd quarter valued at about $885,051,000. Finally, Viking Global Investors LP lifted its holdings in Ferrari by 432.7% during the 2nd quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock valued at $353,526,000 after purchasing an additional 585,872 shares during the last quarter.

Analyst Upgrades and Downgrades

RACE has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrari in a research note on Monday. Loop Capital set a $481.67 price objective on Ferrari in a research note on Thursday, December 4th. Zacks Research lowered Ferrari from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Barclays set a $420.00 price target on shares of Ferrari and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Finally, HSBC upgraded shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price objective for the company in a research report on Thursday, October 2nd. Four analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $489.47.

Ferrari Trading Up 0.2%

RACE opened at $375.82 on Wednesday. Ferrari N.V. has a fifty-two week low of $356.93 and a fifty-two week high of $519.10. The company has a market cap of $91.09 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 4.13 and a beta of 1.01. 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 50 day simple moving average of $391.87 and a 200 day simple moving average of $445.76.

Ferrari (NYSE:RACE) last issued its 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 net margin of 22.65% and a return on equity of 44.20%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Ferrari has set its FY 2025 guidance at 10.290- EPS. On average, sell-side analysts anticipate that Ferrari N.V. will post 9.22 earnings per share for the current year.

Ferrari Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.