Allianz Asset Management GmbH Buys 35,837 Shares of Ferrari N.V. $RACE

Key Points

• Allianz Asset Management increased its Ferrari stake by 15% in the fourth quarter, buying 35,837 more shares and bringing its total holdings to 274,926 shares worth about $101.6 million.
• Several other institutional investors also initiated or expanded positions in Ferrari, suggesting continued professional interest in the luxury automaker’s stock.
• Ferrari shares were down 2.8% to $347.68, while Wall Street sentiment remains constructive overall with a Moderate Buy consensus and an average price target of $469.06.

Allianz Asset Management GmbH raised its holdings in Ferrari N.V. (NYSE:RACE - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,926 shares of the company's stock after purchasing an additional 35,837 shares during the quarter. Allianz Asset Management GmbH owned 0.11% of Ferrari worth $101,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac bought a new position in Ferrari in the 4th quarter valued at $29,000. Community Bank N.A. bought a new position in Ferrari in the 3rd quarter valued at $33,000. Entrust Financial LLC bought a new position in Ferrari in the 4th quarter valued at $33,000. CoreCap Advisors LLC grew its stake in Ferrari by 70.0% in the 4th quarter. CoreCap Advisors LLC now owns 102 shares of the company's stock valued at $38,000 after purchasing an additional 42 shares during the period. Finally, Navalign LLC bought a new position in Ferrari in the 4th quarter valued at $41,000.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari’s Le Mans success and strong endurance-racing performance continue to highlight the brand’s engineering prowess and winning image, which can support consumer demand and prestige. Why is Ferrari so successful at Le Mans? ‘Our results are the mirror of our intense work’
• Positive Sentiment: Ferrari is planning a major overhaul of upgrades to its 499P for the 2027 WEC season, signaling continued investment in top-tier motorsport competitiveness and brand-building. Ferrari planning overhaul of upgrades to 499P for WEC 2027
• Positive Sentiment: Drivers and team updates suggest Ferrari has identified fixes for recent issues and believes its Monaco brake problems can be solved internally, which may reduce concerns about performance setbacks. Leclerc reveals Ferrari has 'solution in house' for Monaco brake woes
• Neutral Sentiment: Ferrari’s sim racing team came close to a historic double world championship, adding to the company’s racing visibility but with limited direct impact on earnings. F1 Sim Racing 2026: Ferrari comes close to a historic double world championship after thrilling finale
• Neutral Sentiment: Several drag-race and performance-car comparisons involving the SF90 and LaFerrari mainly reinforce Ferrari’s halo-car appeal, but they are unlikely to move the stock on their own. Can 950HP Porsche 992 Turbo S beat Ferrari SF90 in drag race
• Negative Sentiment: Ferrari is warning that Le Mans could be a difficult race and saying it is not the favorite, which could temper some near-term enthusiasm around its racing dominance. Ferrari expecting “difficult” race at Le Mans: “We are not the favourites”
• Negative Sentiment: Headline comparisons showing Ferrari models being challenged or beaten in drag races may slightly pressure sentiment around performance bragging rights, though the investment impact is limited. Chevrolet Corvette ZR1X Drag Races Ferrari SF90, It's Over in 9.3 Seconds at Nearly 150 MPH

Ferrari Stock Down 2.8%

Shares of NYSE RACE opened at $347.68 on Thursday. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $519.10. The business has a 50-day simple moving average of $344.79 and a two-hundred day simple moving average of $354.31. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. The company has a market cap of $81.34 billion, a P/E ratio of 33.36, a P/E/G ratio of 3.40 and a beta of 0.93.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RACE shares. Sanford C. Bernstein restated an "outperform" rating on shares of Ferrari in a research note on Tuesday, June 2nd. Morgan Stanley set a $420.00 price target on Ferrari in a research note on Monday, February 16th. JPMorgan Chase & Co. increased their price target on Ferrari from $407.00 to $447.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ferrari in a research note on Wednesday, February 11th. Finally, Citigroup upgraded Ferrari from a "sell" rating to a "neutral" rating in a research note on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $469.06.

Ferrari 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.

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