Ferrari N.V. $RACE Position Decreased by Hsbc Holdings PLC

Key Points

• HSBC Holdings cut its Ferrari stake by 75.2% in the second quarter, selling 2,939 shares and retaining 970 shares valued at approximately $360,000.
• Ferrari exceeded quarterly expectations, reporting EPS of $2.99 versus the $2.83 consensus and revenue of $2.21 billion, up 8.4% year over year.
• Shares opened at $406.60, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $478.79; Ferrari is also continuing its multiyear share-buyback program.

Hsbc Holdings PLC lowered its holdings in Ferrari N.V. (NYSE:RACE - Free Report) by 75.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 970 shares of the company's stock after selling 2,939 shares during the period. Hsbc Holdings PLC's holdings in Ferrari were worth $360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RACE. Coldstream Capital Management Inc. lifted its position in shares of Ferrari by 3.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,275 shares of the company's stock valued at $471,000 after acquiring an additional 39 shares during the last quarter. Compound Planning Inc. raised its position in shares of Ferrari by 5.3% during the first quarter. Compound Planning Inc. now owns 998 shares of the company's stock worth $338,000 after purchasing an additional 50 shares during the period. First Trust Advisors LP raised its position in shares of Ferrari by 1.2% during the first quarter. First Trust Advisors LP now owns 4,626 shares of the company's stock worth $1,567,000 after purchasing an additional 55 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in shares of Ferrari by 16.3% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 500 shares of the company's stock valued at $166,000 after purchasing an additional 70 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Ferrari by 19.2% during the fourth quarter. Allworth Financial LP now owns 440 shares of the company's stock valued at $163,000 after purchasing an additional 71 shares during the last quarter.

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Share buyback continues: Ferrari reported additional purchases under its €250 million third tranche, part of a broader multiyear repurchase program of approximately €3.5 billion through 2030. Continued buybacks can support earnings per share and provide a shareholder-return catalyst. Ferrari periodic report on the buyback program
• Positive Sentiment: New track-focused 296 variant: Ferrari unveiled the 296 GT Modificata, featuring 730 horsepower and a design intended for unrestricted recreational track use. The model reinforces Ferrari’s premium performance positioning and could support demand for high-margin limited-production vehicles. Ferrari reveals 296 GT Modificata
• Neutral Sentiment: Additional coverage describes the 296 GT Modificata as a recreational version of a GT3-style race car and compares its performance with Ferrari’s GT3 Evo. These reports highlight brand engagement but provide no sales, pricing, production, or earnings data. Ferrari 296 GT Modificata and GT3 Evo comparison
• Neutral Sentiment: Drag-race and sound-test videos involving Ferrari models—including the 812, F8, SF90, F40 LM, Pista, and GTO—generate publicity for Ferrari’s performance image but are unlikely to materially affect RACE without related commercial or financial disclosures. Ferrari 812 drag race
• Neutral Sentiment: A Zacks comparison examines Ferrari and Gentherm as potential value investments, but the available report does not indicate a new company-specific catalyst. Ferrari’s premium valuation remains an important consideration for investors. THRM versus RACE value comparison

Ferrari Stock Performance

Shares of RACE stock opened at $406.60 on Wednesday. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $504.49. 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 company has a market capitalization of $95.12 billion, a price-to-earnings ratio of 37.75, a P/E/G ratio of 3.50 and a beta of 0.92. The stock's fifty day simple moving average is $400.23 and its 200-day simple moving average is $366.54.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.16. Ferrari had a return on equity of 42.83% and a net margin of 22.29%.The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the firm earned $2.38 earnings per share. Ferrari's quarterly revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts predict that Ferrari N.V. will post 11.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group dropped their price target on Ferrari from $497.00 to $490.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Citigroup reiterated a "neutral" rating on shares of Ferrari in a report on Monday, August 3rd. Sanford C. Bernstein lifted their target price on shares of Ferrari from $402.00 to $460.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Ferrari in a research report on Wednesday, July 8th. Finally, Evercore restated an "outperform" rating and set a $485.00 price target on shares of Ferrari in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $478.79.

Ferrari Profile

Ferrari N.V. is an Italian luxury automotive company headquartered in Maranello, Italy. The company designs, develops, manufactures and sells high-performance sports cars, grand touring vehicles, supercars and limited-edition models under the Ferrari brand.

Ferrari's business includes vehicle personalization, after-sales services, replacement parts and accessories, as well as branded merchandise, licensing and retail activities. The company also supports its brand through customer experiences, events and the Ferrari racing business, including its long-standing participation in Formula One.

Ferrari traces its origins to Enzo Ferrari, who established Auto Avio Costruzioni in 1939 before producing its first Ferrari-badged car in 1947.

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