15,890 Ferrari N.V. $RACE Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Ferrari stake by 8.6% in the third quarter, buying 15,890 shares and bringing its holdings to 200,019 shares valued at approximately $78.6 million.
• Ferrari reported quarterly earnings of $2.99 per share, exceeding expectations, while revenue rose 8.4% year over year to $2.21 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $456.71.
• Ferrari is scheduled to release its third-quarter 2026 results on November 3, 2026, providing investors with an upcoming catalyst to evaluate deliveries, margins, order backlogs and management’s outlook.

Assenagon Asset Management S.A. lifted its stake in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,019 shares of the company's stock after purchasing an additional 15,890 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of Ferrari worth $78,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ninety One UK Ltd raised its stake in Ferrari by 12.3% during the third quarter. Ninety One UK Ltd now owns 941,574 shares of the company's stock worth $370,470,000 after buying an additional 103,264 shares during the last quarter. Ninety One North America Inc. raised its position in shares of Ferrari by 184.7% in the 3rd quarter. Ninety One North America Inc. now owns 29,821 shares of the company's stock worth $11,733,000 after acquiring an additional 19,347 shares in the last quarter. Strategy Asset Managers LLC acquired a new position in shares of Ferrari in the 3rd quarter valued at about $210,000. Generate Investment Management Ltd lifted its stake in shares of Ferrari by 45.9% in the 3rd quarter. Generate Investment Management Ltd now owns 37,196 shares of the company's stock valued at $14,612,000 after purchasing an additional 11,707 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Ferrari by 55.3% during the 3rd quarter. GAMMA Investing LLC now owns 146 shares of the company's stock valued at $57,000 after purchasing an additional 52 shares in the last quarter.

Ferrari Stock Performance

Shares of RACE opened at $396.99 on Friday. The stock has a 50 day moving average of $407.16 and a 200 day moving average of $375.59. The company has a market capitalization of $92.88 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 3.43 and a beta of 0.93. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $437.15. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.16. The business had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.14 billion. Ferrari had a return on equity of 42.83% and a net margin of 22.29%. The business's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.38 earnings per share. As a group, sell-side analysts forecast that Ferrari N.V. will post 11.16 earnings per share for the current year.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will release its third-quarter 2026 financial results on November 3, 2026. The event gives investors a near-term catalyst to assess vehicle deliveries, pricing, order backlogs, margins and management’s outlook. Ferrari third-quarter results announcement
• Positive Sentiment: Strong collector demand for limited-production Ferraris was highlighted ahead of Broad Arrow’s Las Vegas and Zürich auctions. Featured models include a Daytona SP3 estimated at $16 million-$18 million and LaFerrari and Enzo models valued in the multimillion-dollar range. The results support Ferrari’s brand strength and residual values, although the auctions are conducted by Hagerty’s Broad Arrow business and do not represent direct material revenue for Ferrari. Broad Arrow Ferrari auctions
• Neutral Sentiment: Ferrari’s Formula 1 team reportedly split its Singapore Grand Prix strategy, with Lewis Hamilton receiving the less favorable approach. The story may influence short-term brand sentiment, but it is unlikely to have a significant direct effect on Ferrari N.V.’s financial results. Ferrari Singapore strategy report
• Neutral Sentiment: Ferrari promoted junior driver Rafael Câmara to an F1 reserve-driver role and is placing another junior driver with Haas. These developments reinforce Ferrari’s motorsport pipeline but have limited immediate earnings implications. Ferrari junior driver report

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup reiterated a "neutral" rating on shares of Ferrari in a report on Monday, August 3rd. Wolfe Research began coverage on shares of Ferrari in a research report on Tuesday, July 7th. They set an "outperform" rating for the company. UBS Group lowered their price objective on shares of Ferrari from $490.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, October 5th. Needham & Company LLC upgraded shares of Ferrari to a "neutral" rating in a research report on Friday, July 31st. Finally, Banca Akros downgraded shares of Ferrari to a "neutral" rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $456.71.

Ferrari Profile

Ferrari N.V. is an Italian luxury automotive company that designs, develops, manufactures and sells high-performance sports cars. Its product portfolio includes mid- and front-engine sports cars, grand touring models, special-series vehicles and limited-edition automobiles. Ferrari also develops hybrid and other electrified models while maintaining a focus on performance, craftsmanship, design and exclusivity.

The company generates additional activities through its racing operations, vehicle personalization programs, financial services, merchandise, licensing and branded experiences.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.