Vontobel Holding Ltd. Buys 94,112 Shares of Ferrari N.V. $RACE

Key Points

• Vontobel Holding increased its Ferrari position by 32.6% in the third quarter, purchasing 94,112 additional shares and bringing its total holdings to 383,213 shares valued at approximately $150.4 million.
• Ferrari reported quarterly earnings of $2.99 per share and revenue of $2.21 billion, exceeding analyst estimates, while revenue rose 8.4% year over year. The stock traded near $396.99, with a 52-week range of $312.51 to $437.15.
• Analysts remain broadly positive, with Ferrari receiving a consensus “Moderate Buy” rating and an average price target of $456.71, despite recent target-price reductions from Morgan Stanley and UBS.

Vontobel Holding Ltd. increased its position in shares of Ferrari N.V. (NYSE:RACE - Free Report) by 32.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 383,213 shares of the company's stock after acquiring an additional 94,112 shares during the period. Vontobel Holding Ltd. owned about 0.16% of Ferrari worth $150,421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in Ferrari during the 2nd quarter worth approximately $952,874,000. Deutsche Bank AG bought a new stake in Ferrari in the second quarter valued at $413,209,000. The Manufacturers Life Insurance Company bought a new stake in Ferrari in the 2nd quarter valued at about $388,816,000. Legal & General Group Plc bought a new stake in shares of Ferrari during the second quarter valued at approximately $322,208,000. Finally, Bank of America Corp DE bought a new stake in shares of Ferrari during the second quarter valued at approximately $311,400,000.

Ferrari Price Performance

Ferrari stock traded down $1.25 during midday trading on Friday, reaching $396.99. 358,851 shares of the stock were exchanged, compared to its average volume of 451,888. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.70 and a current ratio of 4.85. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $437.15. The firm has a market cap of $92.88 billion, a PE ratio of 36.86, a PEG ratio of 3.43 and a beta of 0.93. The company's fifty day moving average is $407.16 and its 200-day moving average is $375.59.

Ferrari (NYSE:RACE - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates 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%. Ferrari's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $2.38 earnings per share. On average, sell-side analysts forecast that Ferrari N.V. will post 11.16 EPS for the current year.

Ferrari News Summary

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

Analyst Ratings Changes

A number of brokerages recently issued reports on RACE. Morgan Stanley cut their target price on Ferrari from $460.00 to $456.00 and set an "overweight" rating on the stock in a report on Wednesday, September 30th. Berenberg Bank restated a "buy" rating on shares of Ferrari in a report on Monday, September 28th. UBS Group reduced their price objective on shares of Ferrari from $490.00 to $450.00 and set a "buy" rating for the company in a report on Monday, October 5th. Needham & Company LLC raised shares of Ferrari to a "neutral" rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of Ferrari in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $456.71.

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.

Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari N.V. (NYSE:RACE - Free Report).

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.