HITE Hedge Asset Management LLC Invests $3.87 Million in Ferrari N.V. $RACE

HITE Hedge Asset Management LLC purchased a new stake in shares of Ferrari N.V. (NYSE:RACE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,972 shares of the company’s stock, valued at approximately $3,868,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RACE. Groupama Asset Managment grew its position in Ferrari by 24,598.5% in the second quarter. Groupama Asset Managment now owns 16,073,800 shares of the company’s stock worth $7,888,057,000 after acquiring an additional 16,008,720 shares in the last quarter. Norges Bank bought a new position in shares of Ferrari during the 2nd quarter valued at $885,051,000. Bank of New York Mellon Corp raised its holdings in shares of Ferrari by 63.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock valued at $1,295,907,000 after purchasing an additional 1,039,234 shares in the last quarter. Viking Global Investors LP lifted its stake in shares of Ferrari by 432.7% in the 2nd quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock valued at $353,526,000 after purchasing an additional 585,872 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Ferrari by 1,265.5% in the 3rd quarter. Franklin Resources Inc. now owns 357,291 shares of the company’s stock valued at $173,137,000 after purchasing an additional 331,125 shares during the last quarter.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will debut a radical “Macarena” rotating rear wing in China — a technical innovation that could deliver a competitive edge if it proves effective in practice. Motor racing – Ferrari to run radical ‘Macarena’ wing in China first practice
• Positive Sentiment: Driver Charles Leclerc publicly backed the team’s approach to the new car formula, framing recent changes as sensible and signaling internal confidence — a positive for performance outlook and PR. Charles Leclerc Said New F1 Cars Are Like Mario Kart, So Ferrari Did the Only Right Thing
• Neutral Sentiment: Ferrari was publicly cleared or congratulated in relation to an Adrian Newey investigation, removing a potential regulatory overhang and uncertainty. F1 2026: Ferrari congratulated after Adrian Newey investigation
• Neutral Sentiment: Ferrari provides technical information to Haas (“gives Haas as much info as they can”), which supports customer-team revenue and partnerships but keeps questions alive about customer-team competitiveness. Ferrari gives Haas “as much info as they can”, says Oliver Bearman amid Mercedes customer questions
• Negative Sentiment: Rival drivers and team bosses (Lewis Hamilton, George Russell, Toto Wolff) have publicly highlighted areas where Mercedes still holds a roughly 0.5s/lap advantage, signaling that Ferrari may face a short-term performance gap that could hurt race results and sentiment. Where is Ferrari losing out to Mercedes? Hamilton details 0.5s per lap deficit
• Negative Sentiment: Drivers and some pundits accuse Ferrari of being obstructive as peers push for rule changes to limit team advantages — an escalation that raises regulatory risk and the possibility of mid-season rule interventions. Selfish Ferrari being obstructive as drivers push for rule change to reel in team’s advantage
• Negative Sentiment: Critical analysis suggests Ferrari may have repeated strategic or development mistakes seen at rivals (McLaren), which raises investor concerns about execution and longer-term competitiveness. Ferrari failed to learn from McLaren’s big mistake

Analysts Set New Price Targets

Several research firms have commented on RACE. Sanford C. Bernstein reissued an “outperform” rating and set a $410.00 target price on shares of Ferrari in a research report on Wednesday, February 11th. Morgan Stanley set a $420.00 target price on Ferrari in a report on Monday, February 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research report on Wednesday, February 11th. HSBC reiterated a “hold” rating on shares of Ferrari in a research note on Tuesday, January 13th. Finally, Citigroup raised Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $475.61.

Ferrari Stock Performance

Shares of RACE opened at $334.39 on Friday. The company has a market capitalization of $78.23 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 3.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.70 and a quick ratio of 4.38. Ferrari N.V. has a one year low of $328.00 and a one year high of $519.10. The company’s fifty day moving average price is $356.32 and its 200 day moving average price is $399.30.

Ferrari Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 21st will be paid a $3.615 dividend. 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.