Empowered Funds LLC Increases Stock Position in Ferrari N.V. $RACE

Empowered Funds LLC grew its holdings in shares of Ferrari N.V. (NYSE:RACE) by 40,866.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,038 shares of the company’s stock after purchasing an additional 26,972 shares during the period. Empowered Funds LLC’s holdings in Ferrari were worth $9,151,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ferrari in the fourth quarter valued at approximately $29,000. Entrust Financial LLC acquired a new position in Ferrari during the fourth quarter worth $33,000. Bellevue Asset Management LLC purchased a new position in Ferrari in the first quarter worth $34,000. Bamco Inc. NY lifted its holdings in 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 acquiring an additional 87 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in Ferrari by 70.0% in the fourth quarter. CoreCap Advisors LLC now owns 102 shares of the company’s stock valued at $38,000 after acquiring an additional 42 shares during the period.

Ferrari Trading Up 3.4%

Shares of RACE opened at $398.64 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.20 and a quick ratio of 4.08. The firm has a 50 day simple moving average of $364.20 and a 200-day simple moving average of $352.74. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $504.49. The stock has a market cap of $93.26 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 3.31 and a beta of 0.92.

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Ferrari reported approximately €1.94 billion in revenue, with operating profit, net income and diluted EPS rising year over year. Reported EPS exceeded the roughly $2.83 consensus estimate, while revenue also topped forecasts. Ferrari Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Personalization and favorable vehicle mix lifted results. Strong customer spending on customized vehicles boosted margins and profits. Ferrari said demand remains healthy, with its order book fully covering 2027, providing significant forward revenue visibility. Ferrari Buyers Keep Splurging on Custom Supercars
• Positive Sentiment: Ferrari raised its 2026 guidance. Management cited sustained personalization demand, new-model deliveries and disciplined execution. The increase was modest, but it reinforced confidence that the earnings momentum can continue. Ferrari Raises 2026 Guidance After Q2 Earnings Beat
• Positive Sentiment: Cash generation was a further strength. Operating cash flow reportedly rose sharply year over year, while Ferrari continued investing in its operations without signs of balance-sheet stress.
• Neutral Sentiment: The Luce EV appears commercially viable despite criticism. Ferrari’s CEO said the company is pleased with orders for its first fully electric model, and reports indicated that its 2026 sales target was reached quickly, particularly on Chinese demand. However, the model’s polarizing design and negative launch reviews remain a reputational and execution risk. Ferrari Very Pleased With Orders for Luce EV
• Neutral Sentiment: Valuation remains a consideration. With Ferrari trading at a premium earnings multiple, continued share appreciation likely depends on further earnings growth, successful new-model launches and sustained demand for high-margin personalization.

Analyst Upgrades and Downgrades

RACE has been the topic of several research analyst reports. Wolfe Research initiated coverage on shares of Ferrari in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Morgan Stanley upgraded shares of 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 report on Monday, June 15th. UBS Group raised their price objective on shares of Ferrari from $483.00 to $497.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ferrari in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $471.97.

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.