Royal Bank of Canada Sells 18,314 Shares of Ferrari N.V. $RACE

Royal Bank of Canada reduced its stake in shares of Ferrari N.V. (NYSE:RACE) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 448,314 shares of the company’s stock after selling 18,314 shares during the quarter. Royal Bank of Canada’s holdings in Ferrari were worth $151,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RACE. Fideuram Asset Management Ireland dac bought a new position in Ferrari in the fourth quarter worth about $29,000. Entrust Financial LLC bought a new stake in Ferrari during the 4th quarter valued at approximately $33,000. Bellevue Asset Management LLC purchased a new position in shares of Ferrari during the 1st quarter worth approximately $34,000. Bamco Inc. NY grew its holdings in shares of Ferrari by 790.9% during the 4th quarter. Bamco Inc. NY now owns 98 shares of the company’s stock worth $36,000 after acquiring an additional 87 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Ferrari by 70.0% in the 4th quarter. CoreCap Advisors LLC now owns 102 shares of the company’s stock worth $38,000 after acquiring an additional 42 shares in the last quarter.

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Ferrari reported approximately €1.94 billion in revenue, with operating profit, net income and diluted EPS rising year over year. Reported EPS exceeded the roughly $2.83 consensus estimate, while revenue also topped forecasts. Ferrari Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Personalization and favorable vehicle mix lifted results. Strong customer spending on customized vehicles boosted margins and profits. Ferrari said demand remains healthy, with its order book fully covering 2027, providing significant forward revenue visibility. Ferrari Buyers Keep Splurging on Custom Supercars
• Positive Sentiment: Ferrari raised its 2026 guidance. Management cited sustained personalization demand, new-model deliveries and disciplined execution. The increase was modest, but it reinforced confidence that the earnings momentum can continue. Ferrari Raises 2026 Guidance After Q2 Earnings Beat
• Positive Sentiment: Cash generation was a further strength. Operating cash flow reportedly rose sharply year over year, while Ferrari continued investing in its operations without signs of balance-sheet stress.
• Neutral Sentiment: The Luce EV appears commercially viable despite criticism. Ferrari’s CEO said the company is pleased with orders for its first fully electric model, and reports indicated that its 2026 sales target was reached quickly, particularly on Chinese demand. However, the model’s polarizing design and negative launch reviews remain a reputational and execution risk. Ferrari Very Pleased With Orders for Luce EV
• Neutral Sentiment: Valuation remains a consideration. With Ferrari trading at a premium earnings multiple, continued share appreciation likely depends on further earnings growth, successful new-model launches and sustained demand for high-margin personalization.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RACE shares. Sanford C. Bernstein restated an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Morgan Stanley upgraded Ferrari from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $388.00 to $438.00 in a report on Monday, June 15th. UBS Group increased their price objective on Ferrari from $483.00 to $497.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research report on Wednesday, July 8th. Finally, Wolfe Research initiated coverage on shares of Ferrari in a report on Tuesday, July 7th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $471.97.

Ferrari Price Performance

Shares of NYSE RACE opened at $398.64 on Friday. The company has a 50 day simple moving average of $364.20 and a two-hundred day simple moving average of $352.74. Ferrari N.V. has a fifty-two week low of $312.51 and a fifty-two week high of $504.49. The company has a market capitalization of $93.26 billion, a price-to-earnings ratio of 38.25, a P/E/G ratio of 3.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.08 and a current ratio of 5.20.

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.