Marshall Wace LLP Decreases Stake in Ferrari N.V. $RACE

Marshall Wace LLP lessened its holdings in shares of Ferrari N.V. (NYSE:RACE) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 977,314 shares of the company’s stock after selling 151,284 shares during the period. Ferrari makes up approximately 0.5% of Marshall Wace LLP’s portfolio, making the stock its 21st biggest holding. Marshall Wace LLP owned 0.40% of Ferrari worth $477,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Groupama Asset Managment boosted its position in shares of Ferrari by 24,598.5% during the 2nd quarter. Groupama Asset Managment now owns 16,073,800 shares of the company’s stock worth $7,888,057,000 after purchasing an additional 16,008,720 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ferrari by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,071,130 shares of the company’s stock valued at $2,165,683,000 after purchasing an additional 377,929 shares during the period. Jennison Associates LLC boosted its holdings in Ferrari by 9.1% during the second quarter. Jennison Associates LLC now owns 1,841,200 shares of the company’s stock worth $903,019,000 after buying an additional 153,297 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Ferrari by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,822,147 shares of the company’s stock worth $779,661,000 after buying an additional 25,883 shares in the last quarter. Finally, Norges Bank acquired a new position in Ferrari during the second quarter worth about $885,051,000.

Ferrari Stock Performance

NYSE RACE opened at $393.49 on Friday. 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 fifty-two week low of $372.31 and a fifty-two week high of $519.10. The business has a fifty day moving average of $413.92 and a 200-day moving average of $456.20. The stock has a market cap of $95.37 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 4.17 and a beta of 1.01.

Ferrari (NYSE:RACE) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.15. Ferrari had a return on equity of 44.20% and a net margin of 22.65%.The firm 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. As a group, analysts predict that Ferrari N.V. will post 9.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RACE. HSBC upgraded shares of Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price target for the company in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft raised Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. UBS Group restated a “buy” rating and issued a $563.00 price target on shares of Ferrari in a research report on Friday, November 28th. Evercore ISI decreased their price objective on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Finally, Loop Capital set a $481.67 target price on shares of Ferrari in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $497.19.

Ferrari Company 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.