Capital World Investors Decreases Stock Holdings in Ferrari N.V. $RACE

Key Points

• Capital World Investors trimmed its position in Ferrari by 0.4% in Q3, selling 4,957 shares and now holding 1,175,679 shares valued at about $568.13 million (≈0.49% of the company).
• Ferrari raised its annual dividend to $3.615 per share (up from $3.13); the dividend is payable May 5 to shareholders of record April 21, with an ex-dividend date of April 21.
• Management is executing a multi-year €3.5 billion buyback program (reported purchases under the first €250m tranche), and analysts’ consensus is a "Moderate Buy" with a consensus target of $475.61, signaling potential upside from current levels.

Capital World Investors decreased its position in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,175,679 shares of the company's stock after selling 4,957 shares during the quarter. Capital World Investors owned approximately 0.49% of Ferrari worth $568,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new position in Ferrari during the third quarter worth about $27,000. Westside Investment Management Inc. increased its position in shares of Ferrari by 100.0% during the third quarter. Westside Investment Management Inc. now owns 56 shares of the company's stock worth $27,000 after acquiring an additional 28 shares during the period. Root Financial Partners LLC purchased a new stake in Ferrari during the 3rd quarter worth about $28,000. Newbridge Financial Services Group Inc. acquired a new stake in Ferrari in the second quarter valued at $30,000. Finally, Virtus Advisers LLC acquired a new stake in shares of Ferrari during the 2nd quarter worth about $34,000.

Ferrari Trading Down 0.1%

RACE stock opened at $346.37 on Wednesday. Ferrari N.V. has a 52 week low of $328.00 and a 52 week high of $519.10. The company has a market cap of $81.03 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 3.38 and a beta of 0.97. The company has a quick ratio of 4.38, a current ratio of 5.70 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $357.59 and a 200-day simple moving average of $400.17.

Ferrari Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 5th. Investors of record on Tuesday, April 21st will be issued a dividend of $3.615 per share. This represents a yield of 99.0%. The ex-dividend date of this dividend is Tuesday, April 21st. This is a positive change from Ferrari's previous annual dividend of $3.13.

Analysts Set New Price Targets

Several analysts have recently weighed in on RACE shares. Morgan Stanley set a $420.00 target price on Ferrari in a report on Monday, February 16th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $410.00 target price on shares of Ferrari in a report on Wednesday, February 11th. Barclays set a $420.00 price objective on Ferrari and gave the stock an "overweight" rating in a research report on Tuesday, December 9th. BNP Paribas Exane raised shares of Ferrari to a "strong-buy" rating in a report on Thursday, December 11th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Ferrari in a research report on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Ferrari has a consensus rating of "Moderate Buy" and a consensus target price of $475.61.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Company is actively repurchasing shares as part of a multi-year ~€3.5 billion buyback program; Ferrari reported purchases under the first €250m tranche, a clear cash-return driver that supports EPS and valuation. Read More.
• Positive Sentiment: Analyst/press pieces reinforce Ferrari’s luxury, scarcity-driven pricing power—arguing the stock trades more like a collectible asset than a volume carmaker—supporting a premium multiple. Read More.
• Positive Sentiment: External praise from competitors (e.g., Lando Norris saying Ferrari’s cornering speed is “unbelievable”) highlights competitive on-track performance, which boosts brand halo and sponsorship/marketing value. Read More.
• Positive Sentiment: Ferrari published its official driver programmes for 2026 endurance racing, reinforcing motorsport commitments that support long-term brand equity. Read More.
• Neutral Sentiment: Fans reacted positively to Lewis Hamilton’s communication with Ferrari’s new race engineer—good PR but limited direct corporate/financial impact. Read More.
• Neutral Sentiment: Entertainment/enthusiast coverage (drag race video between F8 Tributo and 488 Pista) drives consumer interest, but minimal near-term effect on fundamentals. Read More.
• Neutral Sentiment: Feature pieces and owner stories (e.g., reflections on owning iconic Ferraris) help brand perception but are not material to near-term shares. Read More.
• Negative Sentiment: Race coverage criticized Ferrari’s Australian GP performance (“bottled” race; Mercedes outshone Ferrari), which creates short-term reputational and execution concerns for its F1 flagship. Read More.
• Negative Sentiment: Controversy around strategy in Australia—Ferrari publicly defended its calls (“no regrets”)—may signal management/stewardship questions that traders can punish in the short term. Read More.
• Negative Sentiment: Driver comments and punditry (Leclerc likening racing to “Mario Kart”; other critical headlines including messages from Lewis Hamilton) add noise and can feed short-term volatility. Read More.
• Negative Sentiment: Several critical/pressure pieces signal that motorsport setbacks are the main near-term risk to sentiment despite solid capital allocation and brand strength. Read More.

Ferrari Company 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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