Mackenzie Financial Corp Grows Stock Holdings in Ferrari N.V. $RACE

Mackenzie Financial Corp boosted its position in Ferrari N.V. (NYSE:RACE) by 44.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 376,824 shares of the company’s stock after purchasing an additional 116,815 shares during the period. Mackenzie Financial Corp owned about 0.16% of Ferrari worth $182,814,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Generali Asset Management SPA SGR raised its stake in Ferrari by 28.9% during the third quarter. Generali Asset Management SPA SGR now owns 55,690 shares of the company’s stock valued at $27,022,000 after purchasing an additional 12,485 shares in the last quarter. Rheos Capital Works Inc. raised its position in shares of Ferrari by 33.1% during the 3rd quarter. Rheos Capital Works Inc. now owns 215,200 shares of the company’s stock valued at $104,419,000 after buying an additional 53,500 shares in the last quarter. Bank of New York Mellon Corp grew its position in Ferrari by 63.7% in the third quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock worth $1,295,907,000 after acquiring an additional 1,039,234 shares in the last quarter. Alta Capital Management LLC purchased a new position in Ferrari in the third quarter worth about $6,391,000. Finally, Teacher Retirement System of Texas bought a new stake in Ferrari during the third quarter worth approximately $8,995,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RACE. Jefferies Financial Group reiterated a “hold” rating on shares of Ferrari in a research report on Wednesday, February 11th. Morgan Stanley set a $420.00 target price on shares of Ferrari in a report on Monday, February 16th. JPMorgan Chase & Co. raised their price target on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $410.00 price objective on shares of Ferrari in a research note on Wednesday, February 11th. Finally, Loop Capital set a $481.67 price objective on Ferrari in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $475.61.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Company is actively repurchasing shares as part of a multi-year ~€3.5 billion buyback program; Ferrari reported purchases under the first €250m tranche, a clear cash-return driver that supports EPS and valuation. Read More.
• Positive Sentiment: Analyst/press pieces reinforce Ferrari’s luxury, scarcity-driven pricing power—arguing the stock trades more like a collectible asset than a volume carmaker—supporting a premium multiple. Read More.
• Positive Sentiment: External praise from competitors (e.g., Lando Norris saying Ferrari’s cornering speed is “unbelievable”) highlights competitive on-track performance, which boosts brand halo and sponsorship/marketing value. Read More.
• Positive Sentiment: Ferrari published its official driver programmes for 2026 endurance racing, reinforcing motorsport commitments that support long-term brand equity. Read More.
• Neutral Sentiment: Fans reacted positively to Lewis Hamilton’s communication with Ferrari’s new race engineer—good PR but limited direct corporate/financial impact. Read More.
• Neutral Sentiment: Entertainment/enthusiast coverage (drag race video between F8 Tributo and 488 Pista) drives consumer interest, but minimal near-term effect on fundamentals. Read More.
• Neutral Sentiment: Feature pieces and owner stories (e.g., reflections on owning iconic Ferraris) help brand perception but are not material to near-term shares. Read More.
• Negative Sentiment: Race coverage criticized Ferrari’s Australian GP performance (“bottled” race; Mercedes outshone Ferrari), which creates short-term reputational and execution concerns for its F1 flagship. Read More.
• Negative Sentiment: Controversy around strategy in Australia—Ferrari publicly defended its calls (“no regrets”)—may signal management/stewardship questions that traders can punish in the short term. Read More.
• Negative Sentiment: Driver comments and punditry (Leclerc likening racing to “Mario Kart”; other critical headlines including messages from Lewis Hamilton) add noise and can feed short-term volatility. Read More.
• Negative Sentiment: Several critical/pressure pieces signal that motorsport setbacks are the main near-term risk to sentiment despite solid capital allocation and brand strength. Read More.

Ferrari Stock Down 0.1%

Shares of NYSE RACE opened at $346.37 on Wednesday. Ferrari N.V. has a 1 year low of $328.00 and a 1 year high of $519.10. The company has a 50 day simple moving average of $357.59 and a 200-day simple moving average of $400.17. The company has a market capitalization of $81.03 billion, a P/E ratio of 34.26, a P/E/G ratio of 3.38 and a beta of 0.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.70 and a quick ratio of 4.38.

Ferrari Increases Dividend

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

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.