Ferrari N.V. $RACE Shares Bought by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA increased its Ferrari holdings by 323% in the third quarter, purchasing 20,109 additional shares and bringing its position to 26,335 shares valued at approximately $10.36 million.
• Analyst sentiment remains positive, with Ferrari holding a “Moderate Buy” consensus rating and an average price target of $456.71, despite some recent rating downgrades to “Neutral.”
• Ferrari shares opened at $396.99, while the company’s latest quarterly results exceeded expectations: adjusted EPS was $2.99 versus $2.83 expected, and revenue rose 8.4% year over year to $2.21 billion.

Banque Pictet & Cie SA lifted its holdings in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 323.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,335 shares of the company's stock after buying an additional 20,109 shares during the quarter. Banque Pictet & Cie SA's holdings in Ferrari were worth $10,362,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC grew its holdings in Ferrari by 1,625.0% during the 2nd quarter. Anchor Investment Management LLC now owns 69 shares of the company's stock valued at $26,000 after buying an additional 65 shares in the last quarter. Bellevue Asset Management LLC bought a new position in shares of Ferrari in the first quarter valued at approximately $34,000. Dunhill Financial LLC bought a new position in shares of Ferrari in the second quarter valued at approximately $38,000. Ameritas Advisory Services LLC purchased a new position in Ferrari during the second quarter valued at approximately $38,000. Finally, Grove Bank & Trust grew its stake in Ferrari by 51.5% during the third quarter. Grove Bank & Trust now owns 100 shares of the company's stock valued at $39,000 after acquiring an additional 34 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RACE shares. Banca Akros cut shares of Ferrari to a "neutral" rating in a report on Monday, August 24th. Morgan Stanley dropped their price objective on Ferrari from $460.00 to $456.00 and set an "overweight" rating for the company in a research note on Wednesday, September 30th. Barclays reissued a "buy" rating on shares of Ferrari in a research note on Monday, August 10th. Needham & Company LLC upgraded Ferrari to a "neutral" rating in a research note on Friday, July 31st. Finally, Berenberg Bank restated a "buy" rating on shares of Ferrari in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $456.71.

Ferrari News Roundup

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

Ferrari Stock Down 0.3%

Shares of RACE stock opened at $396.99 on Friday. The company's fifty day simple moving average is $407.16 and its two-hundred day simple moving average is $375.59. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $437.15. The stock has a market cap of $92.88 billion, a P/E ratio of 36.86, a PEG ratio of 3.43 and a beta of 0.93. The company has a quick ratio of 3.70, a current ratio of 4.85 and a debt-to-equity ratio of 0.86.

Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.83 by $0.16. The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.14 billion. Ferrari had a return on equity of 42.83% and a net margin of 22.29%. Ferrari's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.38 EPS. Analysts predict that Ferrari N.V. will post 11.16 EPS for the current fiscal year.

Ferrari Company Profile

Ferrari N.V. is an Italian luxury automotive company that designs, develops, manufactures and sells high-performance sports cars. Its product portfolio includes mid- and front-engine sports cars, grand touring models, special-series vehicles and limited-edition automobiles. Ferrari also develops hybrid and other electrified models while maintaining a focus on performance, craftsmanship, design and exclusivity.

The company generates additional activities through its racing operations, vehicle personalization programs, financial services, merchandise, licensing and branded experiences.

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