Rockefeller Capital Management L.P. Has $15.59 Million Position in Ferrari N.V. $RACE

Key Points

• Rockefeller Capital Management increased its Ferrari stake by 180.7% in the fourth quarter, ending with 42,191 shares valued at about $15.59 million.
• Several other institutional investors also boosted or initiated positions in Ferrari, suggesting continued institutional interest in the stock.
• Analysts remain broadly positive: Ferrari has a Moderate Buy consensus rating, with an average price target of $470.70 and recent upgrades from firms including Morgan Stanley and JPMorgan.

Rockefeller Capital Management L.P. grew its position in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 180.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,191 shares of the company's stock after purchasing an additional 27,159 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Ferrari were worth $15,593,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Community Bank N.A. bought a new position in Ferrari in the 3rd quarter valued at approximately $33,000. Fideuram Asset Management Ireland dac acquired a new position in Ferrari in the 4th quarter valued at approximately $29,000. Entrust Financial LLC acquired a new position in Ferrari in the 4th quarter valued at approximately $33,000. Bamco Inc. NY raised its stake in shares of Ferrari by 790.9% during the fourth quarter. Bamco Inc. NY now owns 98 shares of the company's stock valued at $36,000 after acquiring an additional 87 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Ferrari by 70.0% during the fourth quarter. CoreCap Advisors LLC now owns 102 shares of the company's stock worth $38,000 after purchasing an additional 42 shares during the period.

Wall Street Analyst Weigh In

RACE has been the subject of a number of recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of Ferrari in a report on Friday, April 10th. Jefferies Financial Group raised Ferrari from a "hold" rating to a "buy" rating in a report on Tuesday, March 31st. Sanford C. Bernstein reiterated an "outperform" rating on shares of Ferrari in a research report on Tuesday, June 2nd. Morgan Stanley raised Ferrari from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $388.00 to $438.00 in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. raised their price objective on Ferrari from $407.00 to $447.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Ferrari currently has a consensus rating of "Moderate Buy" and an average target price of $470.70.

Ferrari Price Performance

Shares of NYSE RACE opened at $345.17 on Wednesday. Ferrari N.V. has a twelve month low of $312.51 and a twelve month high of $519.10. The firm has a fifty day simple moving average of $347.58 and a 200 day simple moving average of $352.56. The company has a market capitalization of $80.75 billion, a PE ratio of 33.12, a P/E/G ratio of 3.32 and a beta of 0.93. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari announced a new Chief Marketing & Commercial Officer, appointing former BMW Italy CEO Massimiliano Di Silvestre. Investors may view the hire as a sign Ferrari is strengthening its commercial strategy after the Luce EV launch. Ferrari names new marketing chief after Luce EV debut
• Positive Sentiment: Ferrari also disclosed continued share repurchases under its multi-year buyback program, which can support earnings per share and signal confidence in the company’s cash generation. Ferrari Details June Share Buybacks Under €3.5 Billion Program
• Positive Sentiment: Positive racing coverage around Lewis Hamilton’s Barcelona win and Ferrari’s broader F1 momentum could lift sentiment, since Ferrari’s brand is closely tied to Formula 1 success. Why Hamilton's Barcelona win was exactly what he and Ferrari – and maybe Leclerc – needed
• Neutral Sentiment: Ferrari Challenge podium results at Le Mans and Laguna Seca are supportive for brand visibility, but likely have limited direct impact on the stock. Carl Moon Claims First Ferrari Challenge Podium at Le Mans
• Neutral Sentiment: Articles about Ferrari team-orders controversy, Charles Leclerc’s new deal, and race strategy debates are mostly motorsport headlines; they may affect brand buzz, but the market impact is likely modest. The Ferrari team orders scandal in Austria that embarrassed Formula One
• Negative Sentiment: Some F1 coverage highlights internal tension and scrutiny around Ferrari’s racing performance, which could weigh slightly on sentiment if investors view it as a sign of execution issues in a brand-critical franchise. Montoya signals race that could define Hamilton’s Ferrari title challenge

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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