Korea Investment CORP Sells 20,042 Shares of Ferrari N.V. $RACE

Key Points

• Korea Investment CORP cut its Ferrari stake by 15.6%, selling 20,042 shares in Q3 and now holds 108,339 shares valued at about $52.4 million.
• Ferrari increased its annual dividend to $3.615 per share (up from $3.13), with record date April 21 and payment scheduled for May 5.
• The stock has a consensus rating of "Moderate Buy" with an average price target of $475.61, amid mixed analyst moves (three Strong Buy, eight Buy, six Hold) including JPMorgan raising its target and UBS trimming theirs slightly.

Korea Investment CORP reduced its position in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 15.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,339 shares of the company's stock after selling 20,042 shares during the quarter. Korea Investment CORP's holdings in Ferrari were worth $52,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its position in shares of Ferrari by 3.7% in the second quarter. Benjamin Edwards Inc. now owns 613 shares of the company's stock valued at $299,000 after acquiring an additional 22 shares during the period. Allworth Financial LP raised its stake in shares of Ferrari by 7.5% during the second quarter. Allworth Financial LP now owns 330 shares of the company's stock valued at $162,000 after acquiring an additional 23 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Ferrari by 2.2% during the second quarter. Valeo Financial Advisors LLC now owns 1,086 shares of the company's stock worth $532,000 after purchasing an additional 23 shares during the period. Certuity LLC grew its stake in shares of Ferrari by 4.5% in the second quarter. Certuity LLC now owns 582 shares of the company's stock worth $285,000 after purchasing an additional 25 shares during the last quarter. Finally, Wealth Alliance LLC increased its holdings in Ferrari by 2.0% during the 3rd quarter. Wealth Alliance LLC now owns 1,251 shares of the company's stock valued at $607,000 after purchasing an additional 25 shares during the period.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Multiple outlets report Ferrari showing strong pace in Friday practice (including a 1‑2 in opening practice), signaling the team’s 2026 package is competitive — a positive for near‑term sport and brand momentum. Leclerc leads Ferrari 1-2 in opening Australian GP practice
• Positive Sentiment: JPMorgan published a forecast calling for strong price appreciation for RACE, providing analyst support that can stabilize or lift valuation expectations. JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Ferrari NYSE: RACE Stock
• Positive Sentiment: Bullish investor write‑ups and pundit commentary (season predictions and endorsements of Ferrari’s strength) add to narrative that Ferrari could translate on‑track success into longer‑term value. Is Ferrari N.V. (RACE) A Good Stock To Buy Now?
• Neutral Sentiment: Season previews and pundit pieces (predictions, driver matchups) amplify expectations but are mostly sentiment-driven rather than altering fundamentals. F1 season predictions: Our picks for 2026’s title race, surprises and one ‘dumpster fire’
• Negative Sentiment: Media coverage of concerning radio exchanges between Lewis Hamilton and his new race engineer has surfaced, raising questions about early driver‑engineer chemistry and short‑term team cohesion. Lewis Hamilton creates concern as radio messages with new race engineer emerge
• Negative Sentiment: Reports that Hamilton’s new Ferrari engineer is present at the GP but with an unclear start date add execution risk around integrating a marquee signing, which can temper investor enthusiasm. Lewis Hamilton’s new Ferrari engineer seen at Australian GP but start date still up in the air
• Negative Sentiment: Some pieces note a “key issue” despite Ferrari’s advantage, suggesting that operational or reliability concerns could offset performance gains — a potential near‑term negative for sentiment. Ferrari handed new 2026 advantage ahead of Australian GP as key issue emerges

Analysts Set New Price Targets

A number of research firms have commented on RACE. UBS Group lowered their price target on Ferrari from $563.00 to $555.00 and set a "buy" rating for the company in a research report on Friday, January 9th. Barclays set a $420.00 target price on Ferrari and gave the company an "overweight" rating in a report on Tuesday, December 9th. The Goldman Sachs Group upgraded shares of Ferrari to a "strong-buy" rating in a report on Monday, November 24th. Citigroup upgraded shares of Ferrari from a "sell" rating to a "neutral" rating in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ferrari from $407.00 to $447.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $475.61.

Ferrari Stock Performance

Ferrari stock opened at $350.10 on Monday. Ferrari N.V. has a twelve month low of $328.00 and a twelve month high of $519.10. 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 company has a market capitalization of $81.91 billion, a P/E ratio of 34.63, a PEG ratio of 3.41 and a beta of 0.97. The stock's 50 day moving average is $358.69 and its 200 day moving average is $401.89.

Ferrari Increases Dividend

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

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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