Kestra Private Wealth Services LLC Increases Stake in Ferrari N.V. $RACE

Kestra Private Wealth Services LLC grew its stake in shares of Ferrari N.V. (NYSE:RACE) by 49.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,218 shares of the company’s stock after purchasing an additional 1,397 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Ferrari were worth $1,428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Groupama Asset Managment grew its stake in Ferrari by 5.7% during the third quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock valued at $8,244,189,000 after acquiring an additional 916,821 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Ferrari by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock worth $1,937,388,000 after purchasing an additional 58,506 shares during the last quarter. Amundi increased its holdings in shares of Ferrari by 11.1% in the fourth 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. Morgan Stanley lifted its position in shares of Ferrari by 43.4% in the fourth quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock worth $941,109,000 after buying an additional 771,039 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Ferrari by 27.5% in the third quarter. Alliancebernstein L.P. now owns 2,379,261 shares of the company’s stock worth $1,154,465,000 after buying an additional 512,703 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Ferrari in a report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a research report on Friday, April 10th. UBS Group lowered their price target on shares of Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Morgan Stanley upgraded Ferrari from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $388.00 to $438.00 in a research report on Monday, June 15th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $470.70.

Key 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

RACE stock opened at $368.15 on Tuesday. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $519.10. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $347.78 and a 200 day moving average price of $351.80. The stock has a market cap of $86.13 billion, a PE ratio of 35.33, a P/E/G ratio of 3.51 and a beta of 0.93.

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.