Park State Asset Management Acquires New Holdings in Ferrari N.V. $RACE

Park State Asset Management bought a new position in Ferrari N.V. (NYSE:RACE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,426 shares of the company's stock, valued at approximately $4,998,000. Ferrari comprises approximately 4.9% of Park State Asset Management's investment portfolio, making the stock its 7th biggest position.

Other large investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted its holdings in shares of Ferrari by 3.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 613 shares of the company's stock valued at $299,000 after buying an additional 22 shares during the period. Pacific Sun Financial Corp grew its holdings in shares of Ferrari by 2.5% in the third quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company's stock worth $489,000 after acquiring an additional 25 shares during the period. Horizon Investments LLC increased its position in Ferrari by 33.3% during the third quarter. Horizon Investments LLC now owns 104 shares of the company's stock valued at $50,000 after acquiring an additional 26 shares during the last quarter. Evergreen Capital Management LLC increased its position in Ferrari by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 1,928 shares of the company's stock valued at $946,000 after acquiring an additional 26 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ferrari by 14.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 222 shares of the company's stock valued at $108,000 after acquiring an additional 28 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on RACE shares. Wolfe Research began coverage on Ferrari in a research report on Tuesday, July 7th. They issued an "outperform" rating on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ferrari in a research report on Wednesday, July 8th. UBS Group lowered their price objective on shares of Ferrari from $497.00 to $490.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Morgan Stanley reissued an "overweight" rating and issued a $442.00 price objective on shares of Ferrari in a report on Friday, July 31st. Finally, Evercore restated an "outperform" rating and set a $485.00 target price on shares of Ferrari in a research report on Friday, July 31st. Three research 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, Ferrari presently has an average rating of "Moderate Buy" and a consensus target price of $477.15.

Ferrari Trading Down 1.1%

Ferrari stock opened at $412.67 on Wednesday. Ferrari N.V. has a 12-month low of $312.51 and a 12-month high of $504.49. The firm has a market capitalization of $96.54 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 3.57 and a beta of 0.91. The firm has a 50 day moving average of $380.25 and a 200 day moving average of $358.40. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86.

Ferrari (NYSE:RACE - Get Free Report) last issued 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. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.14 billion. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.38 earnings per share. As a group, research analysts predict that Ferrari N.V. will post 11.18 earnings per share for the current year.

Key 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

Ferrari 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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