Mitsubishi UFJ Asset Management Co. Ltd. Invests $298.08 Million in Ferrari N.V. $RACE

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ferrari N.V. (NYSE:RACE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 800,657 shares of the company’s stock, valued at approximately $298,077,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in Ferrari during the fourth quarter worth about $29,000. Entrust Financial LLC bought a new stake in shares of Ferrari in the fourth quarter valued at approximately $33,000. Bamco Inc. NY raised its position in shares of Ferrari by 790.9% in the fourth quarter. Bamco Inc. NY now owns 98 shares of the company’s stock valued at $36,000 after purchasing an additional 87 shares during the period. Bellevue Asset Management LLC purchased a new stake in shares of Ferrari during the 1st quarter valued at approximately $34,000. Finally, Horizon Investments LLC lifted its stake in shares of Ferrari by 33.3% during the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock valued at $50,000 after buying an additional 26 shares in the last quarter.

Ferrari Price Performance

Shares of NYSE RACE opened at $417.17 on Tuesday. The stock’s 50-day simple moving average is $379.15 and its two-hundred day simple moving average is $357.85. Ferrari N.V. has a twelve month low of $312.51 and a twelve month high of $504.49. The firm has a market capitalization of $97.60 billion, a P/E ratio of 38.73, a P/E/G ratio of 3.57 and a beta of 0.91. The company has a quick ratio of 3.70, a current ratio of 4.85 and a debt-to-equity ratio of 0.86.

Ferrari (NYSE:RACE) last issued its quarterly earnings results on Friday, July 31st. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.16. Ferrari had a return on equity of 42.83% and a net margin of 22.29%.The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company posted $2.38 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Ferrari N.V. will post 11.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on RACE shares. Morgan Stanley reiterated an “overweight” rating and issued a $442.00 price objective on shares of Ferrari in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a research report on Wednesday, July 8th. Sanford C. Bernstein raised their price target on Ferrari from $402.00 to $460.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. UBS Group reduced their price target on Ferrari from $497.00 to $490.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Evercore reiterated an “outperform” rating and set a $485.00 price objective on shares of Ferrari in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Ferrari currently has a consensus rating of “Moderate Buy” and a consensus price target of $477.15.

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Record Ferrari auction prices reinforce brand strength. Broad Arrow’s inaugural Quail Auction generated $97.4 million in sales, with 85% of lots sold. A 2003 Ferrari Enzo sold for $10.675 million, while several modern Ferraris—including the 550 Barchetta Pininfarina, 488 Pista Spider, 812 Superfast and 550 Maranello—achieved model auction records. The results suggest sustained collector demand and support Ferrari’s pricing power and exclusivity. Broad Arrow Auctions Reports $97.4 Million in Sales at Inaugural The Quail Auction
• Positive Sentiment: Jefferies reiterated its Buy rating. The broker maintained a €400 price target for Ferrari’s Milan-listed shares and a $435 target for the U.S.-listed stock, citing strong Monterey auction results as evidence of continued strength in the luxury auto market. Ferrari gets Jefferies backing as classic car auction prices surge
• Positive Sentiment: Ferrari’s first EV generated exceptional attention. A bespoke version of the Luce, Ferrari’s first fully electric vehicle, sold for $40 million at an RM Sotheby’s charity auction—the highest reported price for a new car at auction. Proceeds will support education initiatives through the Ferrari Foundation. The sale may help validate Ferrari’s EV desirability and preserve its premium image, though it was a one-off charity transaction. Ferrari’s bespoke Luce EV one-off fetches $40 million at charity auction
• Neutral Sentiment: Performance-car coverage remains favorable but has limited financial impact. Media comparisons featuring the Ferrari 296 GTB and SF90 highlight the company’s performance credentials, but drag-race and enthusiast content is unlikely to directly affect near-term revenue or earnings.

About Ferrari

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.