Ferrari N.V. $RACE Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Ferrari N.V. (NYSE:RACE) by 45.3% during the third quarter, Holdings Channel.com reports. The firm owned 9,587 shares of the company’s stock after buying an additional 2,991 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ferrari were worth $4,656,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Ferrari by 78.9% during the 1st quarter. AQR Capital Management LLC now owns 3,568 shares of the company’s stock valued at $1,527,000 after buying an additional 1,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ferrari by 31.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock worth $82,000 after acquiring an additional 46 shares during the last quarter. Woodline Partners LP purchased a new stake in Ferrari in the first quarter valued at $1,519,000. Sivia Capital Partners LLC lifted its stake in shares of Ferrari by 67.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock valued at $448,000 after purchasing an additional 368 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Ferrari by 41.2% in the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock valued at $35,000 after purchasing an additional 21 shares during the last quarter.

Ferrari Price Performance

Ferrari stock opened at $338.62 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 52-week low of $332.64 and a 52-week high of $519.10. The firm has a market cap of $82.08 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. The company’s 50 day moving average is $368.44 and its two-hundred day moving average is $423.76.

Ferrari (NYSE:RACE) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.15. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.94 billion. Ferrari had a return on equity of 44.20% and a net margin of 22.65%.Ferrari has set its FY 2025 guidance at 10.290- EPS. On average, research analysts expect that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Analysts Set New Price Targets

RACE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Ferrari from $460.00 to $457.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Oddo Bhf downgraded shares of Ferrari to a “neutral” rating in a research note on Wednesday, December 10th. Loop Capital set a $481.67 price objective on shares of Ferrari in a report on Thursday, December 4th. Zacks Research downgraded shares of Ferrari from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $395.00 target price on shares of Ferrari in a research report on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $480.67.

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.