Royal London Asset Management Ltd. Grows Stake in Ferrari N.V. $RACE

Royal London Asset Management Ltd. grew its stake in shares of Ferrari N.V. (NYSE:RACE) by 28.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 477,736 shares of the company’s stock after acquiring an additional 104,818 shares during the quarter. Royal London Asset Management Ltd. owned about 0.20% of Ferrari worth $177,856,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RACE. Benjamin Edwards Inc. grew its position in Ferrari by 3.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock valued at $299,000 after purchasing an additional 22 shares during the last quarter. Pacific Sun Financial Corp increased its stake in Ferrari by 2.5% during the 3rd quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company’s stock valued at $489,000 after purchasing an additional 25 shares in the last quarter. Horizon Investments LLC raised its holdings in Ferrari by 33.3% in the third quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after buying an additional 26 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Ferrari by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 1,928 shares of the company’s stock worth $946,000 after buying an additional 26 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ferrari by 14.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 222 shares of the company’s stock worth $108,000 after buying an additional 28 shares in the last quarter.

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari is reportedly preparing to introduce its upgraded ADUO F1 power unit at the Italian Grand Prix in Monza. A successful upgrade could improve Ferrari’s competitiveness, generate valuable publicity and support the brand’s marketing platform. Ferrari makes crucial upgraded F1 engine decision for Italian GP Ferrari ready to fire up ADUO engine upgrade at Monza
• Positive Sentiment: Ferrari unveiled special Michael Schumacher-inspired race suits and a commemorative livery for its home race at Monza, with Lewis Hamilton expected to participate in the tribute. The initiative reinforces Ferrari’s heritage and fan engagement, potentially supporting its premium-brand appeal and merchandise exposure. Ferrari unveils Michael Schumacher race suits for F1 Italian GP
• Positive Sentiment: An American billionaire reportedly paid $40 million for Ferrari’s first Luce electric vehicle, far above its estimated $1.1 million presale price. Although the tax savings benefit the buyer rather than Ferrari directly, the transaction highlights exceptional pricing power, exclusivity and demand for Ferrari’s limited-production vehicles. American billionaire bought the first Ferrari Luce
• Neutral Sentiment: Ferrari’s Formula 1 leadership identified performance goals after reportedly strong pace at Zandvoort, while a new active-bodywork patent points to possible future hypercar innovation. These developments support the long-term brand narrative but have no confirmed near-term financial impact. Ferrari’s New Active Bodywork Patent
• Negative Sentiment: A high-value Ferrari race car was reportedly involved in a track-day crash. The incident appears isolated and is unlikely to materially affect Ferrari N.V.’s earnings, though it creates limited negative publicity.

Analysts Set New Price Targets

A number of research firms have recently commented on RACE. UBS Group cut their price target on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Wolfe Research started coverage on Ferrari in a research report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Morgan Stanley reiterated an “overweight” rating and set a $442.00 target price on shares of Ferrari in a research note on Friday, July 31st. Needham & Company LLC raised Ferrari to a “neutral” rating in a report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $477.15.

Ferrari Stock Performance

Shares of RACE stock opened at $420.86 on Friday. The company has a 50 day moving average price of $390.23 and a 200-day moving average price of $363.15. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $504.49. The firm has a market capitalization of $98.46 billion, a PE ratio of 39.07, a P/E/G ratio of 3.56 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 data on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.16. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $2.38 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Ferrari N.V. will post 11.18 earnings per share for the current year.

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.