Ferrari N.V. $RACE Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Ferrari N.V. (NYSE:RACE) by 9.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 58,910 shares of the company’s stock after selling 5,822 shares during the quarter. SG Americas Securities LLC’s holdings in Ferrari were worth $19,938,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in RACE. AQR Capital Management LLC grew its holdings in Ferrari by 78.9% during the 1st quarter. AQR Capital Management LLC now owns 3,568 shares of the company’s stock valued at $1,527,000 after purchasing an additional 1,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ferrari by 31.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock valued at $82,000 after buying an additional 46 shares in the last quarter. Woodline Partners LP bought a new position in Ferrari during the first quarter worth $1,519,000. Sivia Capital Partners LLC lifted its position in shares of Ferrari by 67.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock worth $448,000 after buying an additional 368 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Ferrari by 7.5% in the second quarter. Rhumbline Advisers now owns 1,370 shares of the company’s stock worth $672,000 after acquiring an additional 96 shares during the last quarter.

Wall Street Analysts Forecast Growth

RACE has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research note on Friday, April 10th. Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. lifted their price target on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Ferrari in a report on Tuesday, June 2nd. Finally, UBS Group reduced their target price on Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $470.70.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari named Massimiliano Di Silvestre, formerly BMW Italy CEO, as its new Chief Marketing & Commercial Officer, a move that could strengthen branding, sales execution, and customer outreach as Ferrari expands its commercial strategy. Ferrari names new marketing chief after Luce EV debut
• Positive Sentiment: Ferrari’s racing and performance image stayed in the spotlight, including Hamilton-related F1 coverage and Ferrari’s 296 GT3 Evo being entered in the 24 Hours of Spa, which helps keep the brand visible and aspirational. Eight Ferrari 296 GT3 Evos set for 24 Hours of Spa
• Neutral Sentiment: Ferrari also confirmed an FP1 driver change for the Austrian Grand Prix and was the subject of several F1 opinion pieces; these stories may affect sentiment around the racing team, but they do not clearly change the company’s fundamentals. Ferrari confirms FP1 driver change for Austrian Grand Prix
• Neutral Sentiment: Coverage of Ferrari’s new EV and a drag race comparison involving the Ferrari 296 reinforced the company’s performance halo, but these articles are more promotional than financially material. Lamborghini Temerario and Ferrari 296 Do an All-Electric Drag Race
• Negative Sentiment: Some F1 commentary was more critical, including reports that Ferrari downplayed a “minor” power unit update and pundit claims that Charles Leclerc has hit “rock bottom,” which could pressure near-term sentiment around the racing team. Ferrari downplays effect of ‘minor’ power unit update for the Austrian Grand Prix

Ferrari Price Performance

NYSE RACE opened at $349.29 on Thursday. Ferrari N.V. has a twelve month low of $312.51 and a twelve month high of $519.10. The stock has a market capitalization of $81.72 billion, a PE ratio of 33.52, a P/E/G ratio of 3.29 and a beta of 0.93. The stock has a 50-day simple moving average of $347.46 and a 200 day simple moving average of $352.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.08 and a current ratio of 5.20.

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.