Ontario Teachers Pension Plan Board acquired a new position in shares of Ferrari N.V. (NYSE:RACE - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 147,354 shares of the company's stock, valued at approximately $54,590,000. Ferrari accounts for approximately 0.3% of Ontario Teachers Pension Plan Board's portfolio, making the stock its 28th biggest position. Ontario Teachers Pension Plan Board owned 0.06% of Ferrari as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new stake in Ferrari in the 4th quarter valued at about $29,000. Entrust Financial LLC acquired a new stake in Ferrari in the fourth quarter valued at approximately $33,000. Bellevue Asset Management LLC purchased a new position in Ferrari in the first quarter worth approximately $34,000. Bamco Inc. NY grew its holdings in Ferrari by 790.9% during the 4th quarter. Bamco Inc. NY now owns 98 shares of the company's stock worth $36,000 after acquiring an additional 87 shares in the last quarter. Finally, Dunhill Financial LLC purchased a new stake in shares of Ferrari in the 2nd quarter valued at approximately $38,000.
More Ferrari News
Here are the key news stories impacting Ferrari this week:
- Positive Sentiment: Record $40 million Luce EV auction supports Ferrari’s exclusivity. A bespoke version of Ferrari’s first fully electric vehicle sold for $40 million at a Monterey charity auction, setting a record for a new car sold at auction. Although the proceeds are going to educational initiatives rather than Ferrari, the result demonstrates strong collector interest and supports the company’s ability to command exceptional prices. Reuters article
- Positive Sentiment: Strong classic-Ferrari auction results reinforce brand demand. Broad Arrow’s inaugural Quail Auction generated $97.4 million in sales, with multiple Ferraris achieving model-record prices, including a 2003 Enzo at $10.675 million. The results are indirect for RACE’s financials but provide evidence of sustained demand for Ferrari’s products and heritage. Broad Arrow auction results
- Positive Sentiment: Jefferies maintained its Buy rating and price targets. The broker kept a €400 target for Ferrari’s Milan-listed shares and a $435 target for the U.S.-listed stock, citing strong Monterey auction results and Ferrari’s luxury positioning. This provides a supportive analyst signal, though the cited upside is modest relative to Ferrari’s premium valuation. Jefferies backing article
- Neutral Sentiment: Ferrari recorded another DTM victory. The motorsport win adds to brand visibility and prestige, but it is unlikely to materially affect near-term revenue or earnings. Ferrari DTM victory
- Negative Sentiment: Criticism of Ferrari and Lewis Hamilton’s 2026 title campaign weighs on racing sentiment. Commentary that the team and driver have underperformed in the championship could undermine perceptions of Ferrari’s Formula 1 competitiveness, although the financial impact is limited unless poor results persist. Formula 1 title-fight criticism
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Wolfe Research initiated coverage on shares of Ferrari in a research note on Tuesday, July 7th. They set an "outperform" rating for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ferrari in a research report on Wednesday, July 8th. Sanford C. Bernstein boosted their target price on Ferrari from $402.00 to $460.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Needham & Company LLC upgraded shares of Ferrari to a "neutral" rating in a research note on Friday, July 31st. Finally, Morgan Stanley restated an "overweight" rating and set a $442.00 price objective on shares of Ferrari in a research report on Friday, July 31st. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $477.15.
Get Our Latest Stock Report on Ferrari
Ferrari Trading Down 1.1%
RACE opened at $412.67 on Wednesday. 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 N.V. has a 52 week low of $312.51 and a 52 week high of $504.49. The business's 50 day moving average is $380.25 and its two-hundred day moving average is $358.40. The firm has a market cap of $96.54 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 3.57 and a beta of 0.91.
Ferrari (NYSE:RACE - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ferrari had a return on equity of 42.83% and a net margin of 22.29%.The company's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.38 earnings per share. On average, research analysts predict that Ferrari N.V. will post 11.18 EPS for the current year.
Ferrari Company Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Ferrari, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ferrari wasn't on the list.
While Ferrari currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
