Deutsche Bank AG Invests $413.21 Million in Ferrari N.V. $RACE

Deutsche Bank AG acquired a new stake in shares of Ferrari N.V. (NYSE:RACE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,109,911 shares of the company’s stock, valued at approximately $413,209,000. Deutsche Bank AG owned approximately 0.47% of Ferrari at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Ferrari by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock worth $1,937,388,000 after acquiring an additional 58,506 shares during the last quarter. Amundi raised its holdings in Ferrari by 11.1% during the 4th quarter. Amundi now owns 3,303,264 shares of the company’s stock worth $1,220,754,000 after purchasing an additional 330,896 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Ferrari by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 2,808,855 shares of the company’s stock valued at $950,657,000 after buying an additional 218,830 shares during the period. Morgan Stanley lifted its stake in shares of Ferrari by 43.4% in the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock valued at $941,109,000 after purchasing an additional 771,039 shares during the period. Finally, Norges Bank acquired a new position in Ferrari in the fourth quarter valued at about $779,894,000.

Ferrari Stock Performance

RACE opened at $417.17 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.70 and a current ratio of 4.85. Ferrari N.V. has a 52-week low of $312.51 and a 52-week high of $504.49. The firm has a market cap of $97.60 billion, a P/E ratio of 38.73, a price-to-earnings-growth ratio of 3.57 and a beta of 0.91. The business’s fifty day moving average is $379.15 and its 200-day moving average is $357.85.

Ferrari (NYSE:RACE) last issued its quarterly earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm posted $2.38 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Sell-side analysts expect that Ferrari N.V. will post 11.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RACE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research report on Wednesday, July 8th. UBS Group decreased their price target on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Citigroup reaffirmed a “neutral” rating on shares of Ferrari in a research report on Monday, August 3rd. Needham & Company LLC raised shares of Ferrari to a “neutral” rating in a research report on Friday, July 31st. Finally, Sanford C. Bernstein raised their price objective on Ferrari from $402.00 to $460.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Ferrari has an average rating of “Moderate Buy” and an average price target of $477.15.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Record Ferrari auction prices reinforce brand strength. Broad Arrow’s inaugural Quail Auction generated $97.4 million in sales, with 85% of lots sold. A 2003 Ferrari Enzo sold for $10.675 million, while several modern Ferraris—including the 550 Barchetta Pininfarina, 488 Pista Spider, 812 Superfast and 550 Maranello—achieved model auction records. The results suggest sustained collector demand and support Ferrari’s pricing power and exclusivity. Broad Arrow Auctions Reports $97.4 Million in Sales at Inaugural The Quail Auction
• Positive Sentiment: Jefferies reiterated its Buy rating. The broker maintained a €400 price target for Ferrari’s Milan-listed shares and a $435 target for the U.S.-listed stock, citing strong Monterey auction results as evidence of continued strength in the luxury auto market. Ferrari gets Jefferies backing as classic car auction prices surge
• Positive Sentiment: Ferrari’s first EV generated exceptional attention. A bespoke version of the Luce, Ferrari’s first fully electric vehicle, sold for $40 million at an RM Sotheby’s charity auction—the highest reported price for a new car at auction. Proceeds will support education initiatives through the Ferrari Foundation. The sale may help validate Ferrari’s EV desirability and preserve its premium image, though it was a one-off charity transaction. Ferrari’s bespoke Luce EV one-off fetches $40 million at charity auction
• Neutral Sentiment: Performance-car coverage remains favorable but has limited financial impact. Media comparisons featuring the Ferrari 296 GTB and SF90 highlight the company’s performance credentials, but drag-race and enthusiast content is unlikely to directly affect near-term revenue or earnings.

Ferrari 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.