47,915 Ferrari N.V. $RACE Shares Bought by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Ferrari stake by 111.8% in the third quarter, purchasing 47,915 additional shares and bringing its holdings to 90,773 shares valued at approximately $35.1 million.
• Analysts remain broadly bullish, with Ferrari receiving a “Moderate Buy” consensus rating and an average price target of $456.71. The stock recently traded near $396.99.
• Ferrari’s latest results exceeded expectations, with quarterly EPS of $2.99 and revenue of $2.21 billion, while investors await the company’s third-quarter 2026 results on November 3, 2026.

TD Waterhouse Canada Inc. grew its position in Ferrari N.V. (NYSE:RACE - Free Report) by 111.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,773 shares of the company's stock after purchasing an additional 47,915 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Ferrari were worth $35,128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC grew its stake in shares of Ferrari by 1,625.0% during the second quarter. Anchor Investment Management LLC now owns 69 shares of the company's stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Bellevue Asset Management LLC acquired a new stake in Ferrari in the first quarter valued at $34,000. Dunhill Financial LLC acquired a new stake in Ferrari in the second quarter valued at $38,000. Ameritas Advisory Services LLC acquired a new stake in Ferrari in the second quarter valued at $38,000. Finally, Grove Bank & Trust lifted its holdings in Ferrari by 51.5% during the 3rd quarter. Grove Bank & Trust now owns 100 shares of the company's stock worth $39,000 after buying an additional 34 shares during the last quarter.

More 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

Several research analysts have recently issued reports on RACE shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Ferrari in a research report on Tuesday, September 29th. Jefferies Financial Group reiterated a "buy" rating on shares of Ferrari in a report on Monday, August 17th. Sanford C. Bernstein reissued a "buy" rating on shares of Ferrari in a research report on Tuesday, September 29th. Barclays reissued a "buy" rating on shares of Ferrari in a research report on Monday, August 10th. Finally, Needham & Company LLC upgraded Ferrari to a "neutral" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $456.71.

Ferrari Trading Down 0.3%

Shares of Ferrari stock opened at $396.99 on Friday. The company has a fifty day simple moving average of $407.16 and a 200-day simple moving average of $375.59. 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. The stock has a market cap of $92.88 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 3.42 and a beta of 0.93.

Ferrari (NYSE:RACE - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.83 by $0.16. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $2.38 EPS. The company's revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that Ferrari N.V. will post 11.16 EPS for the current fiscal year.

About Ferrari

Ferrari N.V. is an Italian luxury automotive company that designs, develops, manufactures and sells high-performance sports cars. Its vehicle portfolio includes grand touring models, mid- and rear-engine sports cars, limited-edition special series and high-performance supercars. Ferrari also offers extensive personalization options, allowing customers to tailor vehicle specifications, materials and finishes.

The company traces its origins to 1939, when Enzo Ferrari established Auto Avio Costruzioni, and it produced its first Ferrari-badged car in 1947.

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