Cibc World Market Inc. Has $11.38 Million Stock Holdings in Ferrari N.V. $RACE

Key Points

• Cibc World Market Inc. cut its Ferrari stake by 13.8% in the fourth quarter, selling 4,865 shares and leaving it with 30,410 shares valued at about $11.38 million.
• Other major institutional investors were active in Ferrari during the period, with firms like Vanguard, Amundi, Alliancebernstein, and Norges Bank increasing or initiating positions.
• Analyst sentiment remains broadly positive: JPMorgan raised its price target to $447, Jefferies upgraded Ferrari to buy, and the stock’s average Wall Street rating is currently Moderate Buy with an average target of $469.06.

Cibc World Market Inc. trimmed its position in Ferrari N.V. (NYSE:RACE - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,410 shares of the company's stock after selling 4,865 shares during the quarter. Cibc World Market Inc.'s holdings in Ferrari were worth $11,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Groupama Asset Managment grew its holdings in Ferrari by 5.7% in the 3rd quarter. Groupama Asset Managment now owns 16,990,621 shares of the company's stock valued at $8,244,189,000 after buying an additional 916,821 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ferrari by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company's stock valued at $1,937,388,000 after buying an additional 58,506 shares in the last quarter. Amundi grew its holdings in Ferrari by 8.0% in the 3rd quarter. Amundi now owns 2,972,368 shares of the company's stock valued at $1,461,008,000 after buying an additional 219,909 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Ferrari by 27.5% in the 3rd quarter. Alliancebernstein L.P. now owns 2,379,261 shares of the company's stock valued at $1,154,465,000 after buying an additional 512,703 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Ferrari during the 4th quarter worth $779,894,000.

Ferrari Stock Performance

RACE opened at $347.40 on Friday. The firm has a market cap of $81.27 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 3.30 and a beta of 0.93. Ferrari N.V. has a 52-week low of $312.51 and a 52-week high of $519.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.08 and a current ratio of 5.20. The business's fifty day moving average is $343.00 and its 200-day moving average is $355.45.

Analysts Set New Price Targets

Several analysts have recently issued reports on RACE shares. JPMorgan Chase & Co. increased their target price on Ferrari from $407.00 to $447.00 and gave the stock an "overweight" rating in a report on Tuesday, March 3rd. Jefferies Financial Group raised Ferrari from a "hold" rating to a "buy" rating in a report on Tuesday, March 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Ferrari in a report on Friday, April 10th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ferrari in a report on Wednesday, February 11th. Finally, Morgan Stanley set a $420.00 target price on Ferrari in a report on Monday, February 16th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued 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 $469.06.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari looked strong in Monaco practice, with Charles Leclerc topping FP1 and Ferrari showing front-running pace in multiple sessions, raising hopes the team could convert speed into a race result. F1 Monaco GP: Charles Leclerc leads Ferrari 1-2 in twice red-flagged FP1
• Positive Sentiment: Several reports highlighted Ferrari “making a statement” in Monaco practice and being viewed as a potential threat to Mercedes, reinforcing optimism about near-term racing performance and brand visibility. Motor racing - Ferrari mark their intent in Monaco practice runs
• Positive Sentiment: Charles Leclerc signed a new long-term deal with Ferrari, signaling driver commitment and continuity for the team’s F1 program, which supports the company’s premium brand narrative. ‘More than just a team’: Leclerc signs long-term Ferrari deal before home race in Monaco
• Positive Sentiment: Ferrari and HP unveiled a high-profile branded laptop collaboration, expanding Ferrari’s licensing and consumer-product presence beyond autos and motorsport. Ferrari And HP Made A Vivid Red Laptop With A Transparent 'Engine Bay'
• Neutral Sentiment: Leclerc and Ferrari officials tried to temper expectations, saying Friday pace does not guarantee Monaco success and that the team still has work to do. Work ahead for Ferrari to convert Friday pace into Monaco GP success
• Negative Sentiment: One recent commentary questioned the design of Ferrari’s first fully electric model, suggesting some investors may view the EV rollout as a branding risk if enthusiast reaction remains negative. Has Ferrari Lost Its Mind?

About Ferrari

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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