Royal London Asset Management Ltd. Increases Stock Holdings in Ferrari N.V. $RACE

Royal London Asset Management Ltd. raised its position in shares of Ferrari N.V. (NYSE:RACE) by 28.1% in the second quarter, HoldingsChannel reports. The firm owned 477,736 shares of the company’s stock after buying an additional 104,818 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Ferrari were worth $177,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Ferrari in the 4th quarter worth approximately $29,000. Entrust Financial LLC bought a new stake in Ferrari during the fourth quarter valued at approximately $33,000. Bamco Inc. NY grew its position in Ferrari by 790.9% during the fourth quarter. Bamco Inc. NY now owns 98 shares of the company’s stock valued at $36,000 after buying an additional 87 shares during the period. Bellevue Asset Management LLC purchased a new stake in Ferrari during the first quarter valued at approximately $34,000. Finally, Dunhill Financial LLC purchased a new stake in Ferrari during the second quarter valued at approximately $38,000.

Analysts Set New Price Targets

RACE has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ferrari in a research note on Wednesday, July 8th. Citigroup restated a “neutral” rating on shares of Ferrari in a research note on Monday, August 3rd. Evercore reaffirmed an “outperform” rating and issued a $485.00 target price on shares of Ferrari in a report on Friday, July 31st. Wolfe Research began coverage on Ferrari in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein boosted their price target on Ferrari from $402.00 to $460.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $477.15.

Ferrari Price Performance

NYSE RACE opened at $420.86 on Friday. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49. The stock has a market cap of $98.46 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 3.56 and a beta of 0.91. The company’s 50 day moving average is $390.23 and its two-hundred day moving average is $363.15. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86.

Ferrari (NYSE:RACE) last issued its quarterly earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.16. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.14 billion. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.38 earnings per share. As a group, research analysts anticipate that Ferrari N.V. will post 11.18 earnings per share for the current year.

Key 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.

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.