Ferrari N.V. $RACE Shares Bought by Biglari Sardar

Biglari Sardar raised its stake in shares of Ferrari N.V. (NYSE:RACE) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,500 shares of the company’s stock after purchasing an additional 2,400 shares during the period. Ferrari accounts for 24.9% of Biglari Sardar’s holdings, making the stock its biggest position. Biglari Sardar’s holdings in Ferrari were worth $12,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Groupama Asset Managment raised its position in shares of Ferrari by 24,598.5% during the 2nd quarter. Groupama Asset Managment now owns 16,073,800 shares of the company’s stock worth $7,888,057,000 after purchasing an additional 16,008,720 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Ferrari by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,154,944 shares of the company’s stock worth $2,498,710,000 after buying an additional 81,017 shares during the last quarter. Amundi increased its stake in Ferrari by 8.0% during the 3rd quarter. Amundi now owns 2,972,368 shares of the company’s stock worth $1,461,008,000 after buying an additional 219,909 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Ferrari by 63.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock worth $1,295,907,000 after buying an additional 1,039,234 shares in the last quarter. Finally, Bank of Italy raised its holdings in shares of Ferrari by 2.3% during the third quarter. Bank of Italy now owns 2,462,771 shares of the company’s stock valued at $1,190,158,000 after acquiring an additional 55,500 shares during the last quarter.

Ferrari Stock Down 0.6%

Shares of NYSE:RACE opened at $332.56 on Friday. Ferrari N.V. has a 52-week low of $328.00 and a 52-week high of $519.10. The stock has a market cap of $77.80 billion, a P/E ratio of 32.89, a PEG ratio of 3.24 and a beta of 0.97. The business has a fifty day moving average of $355.52 and a two-hundred day moving average of $397.87. The company has a quick ratio of 4.38, a current ratio of 5.70 and a debt-to-equity ratio of 0.74.

Ferrari Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Investors of record on Tuesday, April 21st will be given a dividend of $3.615 per share. The ex-dividend date is Tuesday, April 21st. This is an increase from Ferrari’s previous annual dividend of $3.13. This represents a yield of 99.0%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ferrari in a research note on Wednesday, February 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ferrari in a research note on Wednesday, February 11th. Citigroup upgraded Ferrari from a “sell” rating to a “neutral” rating in a report on Thursday, February 12th. Barclays set a $420.00 target price on shares of Ferrari and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Finally, The Goldman Sachs Group upgraded shares of Ferrari to a “strong-buy” rating in a research report on Monday, November 24th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Ferrari presently has an average rating of “Moderate Buy” and an average target price of $475.61.

Trending Headlines about Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will debut a rotating “Macarena” rear wing in China, showing aggressive aero innovation that could improve race pace if effective. Article Title
• Positive Sentiment: Multiple outlets report Ferrari experimenting with new winglets (including a halo winglet) in China — continued on-track development may provide performance upside later in the season. Article Title
• Positive Sentiment: F1 coverage includes lifestyle/brand pieces (a day in the life of a Ferrari racing driver, Leclerc features) that support Ferrari’s premium brand and fan engagement. Article Title
• Neutral Sentiment: Ferrari is sharing technical info with customer team Haas; this collaboration manages relationships but raises questions about competitive leverage. Article Title
• Neutral Sentiment: Debate continues in media and among drivers about the Ferrari vs Mercedes dynamic — mixed commentary from Hamilton and Russell frames uncertain competitive outlook. Article Title
• Negative Sentiment: High-profile criticism: Lewis Hamilton and others say Ferrari is losing significant time to Mercedes due to engine/power-unit disadvantage — a direct hit to race-winning prospects. Article Title
• Negative Sentiment: Calls from rivals and media for Ferrari to close the PU deficit increase pressure on technical and management teams; investors may worry about costly development needs or short-term underperformance. Article Title
• Negative Sentiment: Race execution questioned after Australian GP strategy reviews and comments that Ferrari’s calls “robbed” them of a better result — operational miscues can depress short-term results and sentiment. Article Title
• Negative Sentiment: Drivers and pundits accuse Ferrari of obstructing rule-change talks and failing to learn from rivals’ mistakes — governance/PR friction could weigh on brand and on-track cooperation. Article Title

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.