Ferrari N.V. $RACE Shares Bought by Sands Capital Management LLC

Sands Capital Management LLC grew its holdings in shares of Ferrari N.V. (NYSE:RACE) by 23.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 309,983 shares of the company’s stock after purchasing an additional 58,285 shares during the period. Sands Capital Management LLC’s holdings in Ferrari were worth $114,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Community Bank N.A. acquired a new position in Ferrari during the 3rd quarter worth approximately $33,000. Fideuram Asset Management Ireland dac acquired a new position in Ferrari during the 4th quarter worth approximately $29,000. Entrust Financial LLC acquired a new position in Ferrari during the 4th quarter worth approximately $33,000. CoreCap Advisors LLC increased its position in Ferrari by 70.0% during 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 period. Finally, Horizon Investments LLC increased its position in Ferrari by 33.3% during the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after purchasing an additional 26 shares during the period.

Wall Street Analysts Forecast Growth

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

Ferrari Stock Performance

RACE opened at $354.77 on Monday. The stock has a market cap of $83.00 billion, a P/E ratio of 34.04, a P/E/G ratio of 3.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.20 and a quick ratio of 4.08. The stock’s 50 day simple moving average is $345.59 and its 200 day simple moving average is $353.96. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $519.10.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Lewis Hamilton delivered his first Grand Prix victory for Ferrari in Barcelona, a high-profile win that strengthens Ferrari’s racing pedigree and marketing appeal. Lewis Hamilton wins first Grand Prix for Ferrari with a brilliant performance in Barcelona
• Positive Sentiment: Additional coverage of Hamilton’s Ferrari win is likely amplifying investor attention around Ferrari’s Formula 1 success and brand momentum. Lewis Hamilton ends winless streak, gets first F1 victory with Ferrari
• Positive Sentiment: Ferrari also benefited from broader race-week enthusiasm after an upgraded car helped Hamilton in qualifying, suggesting competitive improvements on track. Lewis Hamilton Lifted by 8-Part Ferrari Upgrade: “We Have a Race” After Successful Qualifying
• Neutral Sentiment: Le Mans headlines were more mixed for Ferrari: Toyota ended Ferrari’s winning streak in the endurance classic, which is a setback for the brand’s motorsport record but not necessarily a major business driver. Toyota wins Le Mans 24-hour race to end Ferrari’s win streak in the endurance classic
• Neutral Sentiment: Other race coverage highlighted Hamilton’s Ferrari breakthrough and related podium results, mostly reinforcing sentiment rather than changing the fundamental outlook for the stock. F1 Today | Hamilton’s first Ferrari win in Barcelona, as Antonelli suffers DNF heartbreak
• Negative Sentiment: Ferrari’s Le Mans defeat ends a notable win streak in endurance racing, which may temper some of the enthusiasm from the Formula 1 victory. Toyota wins Le Mans 24-hour race to end Ferrari’s win streak in the endurance classic

About Ferrari

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.