Sapient Capital LLC Decreases Holdings in Ferrari N.V. $RACE

Sapient Capital LLC reduced its holdings in shares of Ferrari N.V. (NYSE:RACE) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,038 shares of the company’s stock after selling 1,708 shares during the quarter. Sapient Capital LLC’s holdings in Ferrari were worth $30,875,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Trexquant Investment LP acquired a new position in Ferrari in the first quarter valued at approximately $4,794,000. Canada Pension Plan Investment Board lifted its position in shares of Ferrari by 351.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 186,832 shares of the company’s stock worth $79,335,000 after buying an additional 145,452 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Ferrari by 15.6% in the 1st quarter. Evergreen Capital Management LLC now owns 1,902 shares of the company’s stock valued at $814,000 after buying an additional 256 shares in the last quarter. Vident Advisory LLC grew its position in shares of Ferrari by 160.6% in the 1st quarter. Vident Advisory LLC now owns 6,884 shares of the company’s stock valued at $2,945,000 after buying an additional 4,242 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in Ferrari by 2.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,789 shares of the company’s stock worth $765,000 after acquiring an additional 35 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RACE. Barclays set a $420.00 price objective on Ferrari and gave the stock an “overweight” rating in a report on Tuesday, December 9th. UBS Group restated a “buy” rating and set a $563.00 price target on shares of Ferrari in a research note on Friday, November 28th. JPMorgan Chase & Co. cut their price target on Ferrari from $460.00 to $457.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. The Goldman Sachs Group raised Ferrari to a “strong-buy” rating in a report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $489.47.

Ferrari Stock Up 0.5%

RACE opened at $378.16 on Friday. Ferrari N.V. has a 52 week low of $356.93 and a 52 week high of $519.10. The business has a 50 day moving average price of $390.86 and a two-hundred day moving average price of $443.80. The company has a quick ratio of 3.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $91.66 billion, a PE ratio of 38.20, a P/E/G ratio of 4.16 and a beta of 1.01.

Ferrari (NYSE:RACE) last announced its earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.15. Ferrari had a return on equity of 44.20% and a net margin of 22.65%.The company had revenue of $2.07 billion for 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, research analysts anticipate that Ferrari N.V. will post 9.22 EPS for the current year.

Ferrari Company 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.