Norges Bank Takes Position in Ferrari N.V. $RACE

Norges Bank bought a new stake in Ferrari N.V. (NYSE:RACE) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,085,945 shares of the company’s stock, valued at approximately $779,894,000.

A number of other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. raised its position in Ferrari by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 56 shares of the company’s stock worth $27,000 after purchasing an additional 28 shares during the last quarter. Community Bank N.A. bought a new position in Ferrari in the 3rd quarter worth approximately $33,000. Fideuram Asset Management Ireland dac bought a new position in Ferrari in the 4th quarter worth approximately $29,000. Entrust Financial LLC bought a new position in Ferrari in the 4th quarter worth approximately $33,000. Finally, CoreCap Advisors LLC raised its position in Ferrari by 70.0% in the 4th quarter. CoreCap Advisors LLC now owns 102 shares of the company’s stock worth $38,000 after purchasing an additional 42 shares during the last quarter.

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari’s CEO said the Luce is already attracting orders from both existing and new customers, suggesting the controversial launch may still support demand. Article Title
• Positive Sentiment: Some analysts view the selloff as an opportunity, arguing the Luce backlash may create an attractive entry point for a high-quality luxury compounder. Article Title
• Neutral Sentiment: Ferrari framed the Luce as the culmination of its multi-energy strategy, reinforcing that the EV is part of a longer-term product transition rather than a one-off experiment. Article Title
• Negative Sentiment: The Luce’s debut triggered heavy criticism online, with many calling the design too unconventional for Ferrari and questioning whether the brand is losing its mystique. Article Title
• Negative Sentiment: Reports say the first EV launch wiped billions from Ferrari’s market value, reflecting concern that the brand’s most loyal customers may reject the new direction. Article Title
• Negative Sentiment: Commentary from CNBC and other outlets suggests the market is worried about the $640,000 price tag and the risk that Ferrari’s EV strategy could dilute the brand if demand disappoints. Article Title

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $410.00 price objective on shares of Ferrari in a research report on Wednesday, February 11th. Citigroup upgraded shares of Ferrari from a “sell” rating to a “neutral” rating in a research report on Thursday, February 12th. Jefferies Financial Group upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. boosted their price objective 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $469.06.

Ferrari Stock Performance

Shares of Ferrari stock opened at $340.98 on Friday. The firm has a fifty day moving average of $340.26 and a two-hundred day moving average of $357.85. The stock has a market capitalization of $79.77 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.23 and a beta of 0.95. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $519.10. 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.