Walter Public Investments Inc. Makes New Investment in Ferrari N.V. $RACE

Walter Public Investments Inc. bought a new stake in Ferrari N.V. (NYSE:RACE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,090 shares of the company’s stock, valued at approximately $4,357,000.

Other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC grew its holdings in Ferrari by 1,625.0% during the 2nd quarter. Anchor Investment Management LLC now owns 69 shares of the company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Gen Wealth Partners Inc acquired a new position in shares of Ferrari in the 3rd quarter valued at about $31,000. Provenance Wealth Advisors LLC acquired a new position in shares of Ferrari in the 3rd quarter valued at about $39,000. Grove Bank & Trust lifted its stake in shares of Ferrari by 51.5% in the 3rd quarter. Grove Bank & Trust now owns 100 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. Finally, William Mack & Associates Inc. bought a new stake in shares of Ferrari during the 3rd quarter valued at about $40,000.

Top Ferrari Stories

These are some of the RACE stories that stood out recently:

• Positive Sentiment: Ferrari shipped 3,368 cars in the third quarter, while diluted EPS rose 14%. The article attributes the profit growth to pricing power and Ferrari’s deliberate limits on production—supporting the view that exclusivity and brand strength can protect profitability. It also notes shares have gained 23% over six months, reflecting improved investor sentiment. Ferrari Stock: Fewer Cars Sold, More Profit. Here’s the 1 Number That Explains It.
• Neutral Sentiment: Ferrari’s 499P Modificata will feature at the Finali Mondiali, providing brand and racing exposure. The announcement is promotional and does not indicate a material change to near-term financial performance. Ferrari 499P Modificata to star at the Finali Mondiali Ferrari
• Neutral Sentiment: Coverage of Max Verstappen questioning Ferrari’s decision to let Lewis Hamilton and Charles Leclerc race freely, along with team principal Fred Vasseur discussing tyre struggles at the São Paulo GP, highlights possible Formula 1 strategy and performance concerns. These are relevant to Ferrari’s racing profile but have no stated direct effect on the automaker’s earnings. Verstappen questions Ferrari’s racing decision Vasseur discusses Ferrari’s tyre struggles

Ferrari Trading Down 0.0%

NYSE:RACE opened at $415.71 on Thursday. The company has a current ratio of 4.94, a quick ratio of 3.81 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $97.26 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 3.71 and a beta of 0.89. The firm has a fifty day simple moving average of $402.93 and a two-hundred day simple moving average of $372.26. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $437.15.

Ferrari (NYSE:RACE) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.10. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Ferrari had a net margin of 22.55% and a return on equity of 43.71%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.14 earnings per share. Analysts expect that Ferrari N.V. will post 11.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RACE shares. UBS Group decreased their target price on Ferrari from $490.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, October 5th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ferrari in a report on Tuesday, September 29th. Evercore reissued an “outperform” rating and issued a $485.00 price target on shares of Ferrari in a research note on Friday, July 31st. Barclays restated a “buy” rating on shares of Ferrari in a report on Monday, August 10th. Finally, Banca Akros cut Ferrari to a “neutral” rating in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $456.71.

Ferrari Profile

Ferrari N.V. designs, manufactures and sells luxury sports cars under the Ferrari brand. Based in Maranello, Italy, the company offers a range of road cars, including series-production models, special-series vehicles and limited-edition cars, with customization options for clients. Ferrari also operates a motorsports business centered on its racing heritage. Scuderia Ferrari competes in Formula One and other racing series, while the company organizes customer racing programs and events. In addition to cars and racing, Ferrari develops and licenses branded merchandise and lifestyle products.