Park State Asset Management Invests $5 Million in Ferrari N.V. $RACE

Park State Asset Management bought a new position in shares of Ferrari N.V. (NYSE:RACE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,426 shares of the company’s stock, valued at approximately $4,998,000. Ferrari makes up 4.9% of Park State Asset Management’s investment portfolio, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in shares of Ferrari by 94.4% in the fourth quarter. HighTower Advisors LLC now owns 25,068 shares of the company’s stock worth $9,284,000 after buying an additional 12,175 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Ferrari by 3.9% during the fourth quarter. Deutsche Bank AG now owns 973,583 shares of the company’s stock worth $359,797,000 after acquiring an additional 36,670 shares during the last quarter. Vanguard Group Inc. grew its stake in Ferrari by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock valued at $1,937,388,000 after acquiring an additional 58,506 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its stake in Ferrari by 716.8% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,487 shares of the company’s stock valued at $3,136,000 after acquiring an additional 7,448 shares in the last quarter. Finally, USS Investment Management Ltd increased its holdings in Ferrari by 902.0% in the 1st quarter. USS Investment Management Ltd now owns 229,353 shares of the company’s stock valued at $76,588,000 after acquiring an additional 206,463 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have commented on RACE shares. Needham & Company LLC upgraded shares of Ferrari to a “neutral” rating in a research note on Friday, July 31st. Evercore restated an “outperform” rating and set a $485.00 price objective on shares of Ferrari in a research report on Friday, July 31st. Wolfe Research began coverage on Ferrari in a report on Tuesday, July 7th. They issued an “outperform” rating on the stock. UBS Group decreased their target price on Ferrari from $497.00 to $490.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $477.15.

Ferrari Stock Down 1.1%

Shares of NYSE:RACE opened at $412.67 on Wednesday. The company has a market cap of $96.54 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 3.57 and a beta of 0.91. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $380.25 and a 200 day moving average price of $358.40.

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

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Record $40 million Luce EV auction supports Ferrari’s exclusivity. A bespoke version of Ferrari’s first fully electric vehicle sold for $40 million at a Monterey charity auction, setting a record for a new car sold at auction. Although the proceeds are going to educational initiatives rather than Ferrari, the result demonstrates strong collector interest and supports the company’s ability to command exceptional prices. Reuters article
• Positive Sentiment: Strong classic-Ferrari auction results reinforce brand demand. Broad Arrow’s inaugural Quail Auction generated $97.4 million in sales, with multiple Ferraris achieving model-record prices, including a 2003 Enzo at $10.675 million. The results are indirect for RACE’s financials but provide evidence of sustained demand for Ferrari’s products and heritage. Broad Arrow auction results
• Positive Sentiment: Jefferies maintained its Buy rating and price targets. The broker kept a €400 target for Ferrari’s Milan-listed shares and a $435 target for the U.S.-listed stock, citing strong Monterey auction results and Ferrari’s luxury positioning. This provides a supportive analyst signal, though the cited upside is modest relative to Ferrari’s premium valuation. Jefferies backing article
• Neutral Sentiment: Ferrari recorded another DTM victory. The motorsport win adds to brand visibility and prestige, but it is unlikely to materially affect near-term revenue or earnings. Ferrari DTM victory
• Negative Sentiment: Criticism of Ferrari and Lewis Hamilton’s 2026 title campaign weighs on racing sentiment. Commentary that the team and driver have underperformed in the championship could undermine perceptions of Ferrari’s Formula 1 competitiveness, although the financial impact is limited unless poor results persist. Formula 1 title-fight criticism

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.