2,713 Shares in Ferrari N.V. $RACE Bought by Havemeyer Place LP

Havemeyer Place LP purchased a new position in Ferrari N.V. (NYSE:RACE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,713 shares of the company’s stock, valued at approximately $1,003,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Groupama Asset Managment grew its stake in Ferrari by 5.7% in the third quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock worth $8,244,189,000 after purchasing an additional 916,821 shares during the period. Vanguard Group Inc. grew its stake in Ferrari by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock worth $1,937,388,000 after purchasing an additional 58,506 shares during the period. Amundi grew its stake in Ferrari by 8.0% in the third quarter. Amundi now owns 2,972,368 shares of the company’s stock worth $1,461,008,000 after purchasing an additional 219,909 shares during the period. Alliancebernstein L.P. grew its stake in Ferrari by 27.5% in the third quarter. Alliancebernstein L.P. now owns 2,379,261 shares of the company’s stock worth $1,154,465,000 after purchasing an additional 512,703 shares during the period. Finally, Norges Bank purchased a new stake in Ferrari in the fourth quarter worth $779,894,000.

Wall Street Analysts Forecast Growth

RACE has been the topic of several recent research reports. Citigroup raised Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. increased their target price on Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research note on Friday, April 10th. Finally, Morgan Stanley set a $420.00 target price on Ferrari in a research note on Monday, February 16th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Ferrari currently has a consensus rating of “Moderate Buy” and an average price target of $469.06.

Ferrari Trading Up 0.1%

NYSE RACE opened at $347.40 on Monday. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $519.10. The stock has a market cap of $81.27 billion, a P/E ratio of 33.34, a P/E/G ratio of 3.30 and a beta of 0.93. The stock’s fifty day moving average price is $343.00 and its 200-day moving average price is $355.10. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72.

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari looked strong in Monaco practice, with Charles Leclerc topping FP1 and Ferrari showing front-running pace in multiple sessions, raising hopes the team could convert speed into a race result. F1 Monaco GP: Charles Leclerc leads Ferrari 1-2 in twice red-flagged FP1
• Positive Sentiment: Several reports highlighted Ferrari “making a statement” in Monaco practice and being viewed as a potential threat to Mercedes, reinforcing optimism about near-term racing performance and brand visibility. Motor racing – Ferrari mark their intent in Monaco practice runs
• Positive Sentiment: Charles Leclerc signed a new long-term deal with Ferrari, signaling driver commitment and continuity for the team’s F1 program, which supports the company’s premium brand narrative. ‘More than just a team’: Leclerc signs long-term Ferrari deal before home race in Monaco
• Positive Sentiment: Ferrari and HP unveiled a high-profile branded laptop collaboration, expanding Ferrari’s licensing and consumer-product presence beyond autos and motorsport. Ferrari And HP Made A Vivid Red Laptop With A Transparent ‘Engine Bay’
• Neutral Sentiment: Leclerc and Ferrari officials tried to temper expectations, saying Friday pace does not guarantee Monaco success and that the team still has work to do. Work ahead for Ferrari to convert Friday pace into Monaco GP success
• Negative Sentiment: One recent commentary questioned the design of Ferrari’s first fully electric model, suggesting some investors may view the EV rollout as a branding risk if enthusiast reaction remains negative. Has Ferrari Lost Its Mind?

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.