Thrivent Financial for Lutherans Has $43.06 Million Stock Position in Ferrari N.V. $RACE

by · The Cerbat Gem

Thrivent Financial for Lutherans boosted its position in shares of Ferrari N.V. (NYSE:RACE – Free Report) by 3,386.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,138 shares of the company’s stock after purchasing an additional 85,610 shares during the period. Thrivent Financial for Lutherans’ holdings in Ferrari were worth $43,055,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Ferrari during the second quarter worth approximately $30,000. Brooklyn Investment Group grew its position in Ferrari by 381.3% during the 1st quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock worth $33,000 after acquiring an additional 61 shares during the last quarter. Virtus Advisers LLC acquired a new stake in Ferrari during the 2nd quarter valued at $34,000. GAMMA Investing LLC raised its position in 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. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Ferrari in the 2nd quarter valued at $35,000.

Ferrari Trading Up 0.3%

Shares of NYSE RACE opened at $368.33 on Tuesday. Ferrari N.V. has a fifty-two week low of $356.93 and a fifty-two week high of $519.10. The firm has a market capitalization of $89.28 billion, a P/E ratio of 37.21, a P/E/G ratio of 4.06 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 company’s 50 day simple moving average is $397.80 and its 200 day simple moving average is $450.28.

Ferrari (NYSE:RACE – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 earnings per share for the quarter, beating 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 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. On average, analysts predict that Ferrari N.V. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Ferrari in a research note on Thursday. Berenberg Bank set a $570.00 price objective on shares of Ferrari in a report on Friday, October 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Ferrari from $460.00 to $457.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Evercore ISI dropped their target price on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Barclays set a $420.00 price target on shares of Ferrari and gave the company an “overweight” rating in a research note on Tuesday, December 9th. Four investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $489.47.

Check Out Our Latest Analysis on Ferrari

Ferrari Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari N.V. (NYSE:RACE – Free Report).