Inspire Investing LLC Increases Position in Ferrari N.V. $RACE

Inspire Investing LLC grew its position in shares of Ferrari N.V. (NYSE:RACE) by 21.1% during the first quarter, Holdings Channel reports. The firm owned 8,024 shares of the company’s stock after acquiring an additional 1,398 shares during the quarter. Inspire Investing LLC’s holdings in Ferrari were worth $2,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Ferrari in the fourth quarter valued at $779,894,000. Groupama Asset Managment lifted its stake in Ferrari by 5.7% during the 3rd quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock worth $8,244,189,000 after acquiring an additional 916,821 shares in the last quarter. Ninety One UK Ltd acquired a new position in Ferrari during the 4th quarter worth about $338,785,000. Morgan Stanley lifted its stake in Ferrari by 43.4% during the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock worth $941,109,000 after acquiring an additional 771,039 shares in the last quarter. Finally, Viking Global Investors LP boosted its holdings in Ferrari by 432.7% during the 2nd quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock valued at $353,526,000 after acquiring an additional 585,872 shares during the period.

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari said it continued repurchasing shares in late June under its multi-year buyback plan, part of a larger roughly €3.5 billion program through 2030. Ongoing buybacks can support earnings per share and signal management confidence. Article Title
• Positive Sentiment: Ferrari and BMW are joining the industry shift toward lighter, cheaper aluminum wiring in new models. If the change lowers vehicle costs and weight without hurting performance, it could be a modest margin and efficiency tailwind. Article Title
• Neutral Sentiment: Ferrari-related features and retrospective Formula 1 coverage kept the brand in the headlines, but these stories are unlikely to materially affect the stock on their own.
• Negative Sentiment: Multiple reports from the Austrian Grand Prix described Ferrari’s race strategy and pace as disappointing, with Lewis Hamilton calling the strategy “suboptimum” and noting a “reality check.” Weak F1 performance can pressure sentiment because Ferrari’s racing success is closely tied to brand strength and fan engagement. Article Title
• Negative Sentiment: Other race recaps said Ferrari suffered a setback in Austria, with Charles Leclerc’s drop from P2 to P8 highlighting fragile race pace. That kind of on-track underperformance may weigh on near-term sentiment toward the Ferrari brand. Article Title

Ferrari Price Performance

Shares of NYSE RACE opened at $368.15 on Tuesday. The stock’s 50-day moving average is $347.78 and its two-hundred day moving average is $351.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.20 and a quick ratio of 4.08. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $519.10. The company has a market cap of $86.13 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 3.51 and a beta of 0.93.

Analysts Set New Price Targets

RACE has been the subject of several research reports. Morgan Stanley raised Ferrari from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $388.00 to $438.00 in a research report on Monday, June 15th. UBS Group reduced their price target on shares of 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. raised their price objective on shares of Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a report on Friday, April 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Ferrari has an average rating of “Moderate Buy” and a consensus price target of $470.70.

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.