Cibc World Market Inc. Sells 4,865 Shares of Ferrari N.V. $RACE

Cibc World Market Inc. reduced its holdings in shares of Ferrari N.V. (NYSE:RACE) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,410 shares of the company’s stock after selling 4,865 shares during the quarter. Cibc World Market Inc.’s holdings in Ferrari were worth $11,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RACE. Westside Investment Management Inc. lifted its position in shares of Ferrari by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 56 shares of the company’s stock worth $27,000 after buying an additional 28 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in shares of Ferrari during the 4th quarter worth $29,000. Community Bank N.A. bought a new stake in shares of Ferrari during the 3rd quarter worth $33,000. Entrust Financial LLC bought a new position in Ferrari in the fourth quarter valued at about $33,000. Finally, CoreCap Advisors LLC raised its position 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 purchasing an additional 42 shares during the last quarter.

Ferrari Price Performance

Ferrari stock opened at $347.40 on Friday. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $81.27 billion, a PE ratio of 33.34, a P/E/G ratio of 3.30 and a beta of 0.93. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $519.10. The stock has a 50-day moving average price of $343.00 and a two-hundred day moving average price of $355.45.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Jefferies Financial Group upgraded Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. increased their target price on Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Morgan Stanley set a $420.00 target price on Ferrari in a research report on Monday, February 16th. UBS Group dropped their target price on Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Citigroup upgraded Ferrari from a “sell” rating to a “neutral” rating in a research report on Thursday, February 12th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Ferrari presently has a consensus rating of “Moderate Buy” and an average target price of $469.06.

Key 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 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.