HITE Hedge Asset Management LLC Makes New $3.87 Million Investment in Ferrari N.V. $RACE

HITE Hedge Asset Management LLC purchased a new position in shares of Ferrari N.V. (NYSE:RACE) in the third quarter, HoldingsChannel reports. The institutional investor purchased 7,972 shares of the company’s stock, valued at approximately $3,868,000.

Several other hedge funds also recently modified their holdings of RACE. Mather Group LLC. acquired a new stake in shares of Ferrari in the third quarter worth $27,000. Westside Investment Management Inc. raised its stake in Ferrari by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 56 shares of the company’s stock valued at $27,000 after purchasing an additional 28 shares during the last quarter. Root Financial Partners LLC acquired a new position in Ferrari during the 3rd quarter valued at $28,000. Newbridge Financial Services Group Inc. bought a new stake in Ferrari in the 2nd quarter valued at $30,000. Finally, Virtus Advisers LLC bought a new stake in Ferrari in the 2nd quarter valued at $34,000.

Ferrari Trading Down 1.8%

Shares of RACE stock opened at $334.39 on Friday. The firm has a fifty day moving average of $356.32 and a 200-day moving average of $399.30. The stock has a market cap of $78.23 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 3.33 and a beta of 0.97. Ferrari N.V. has a 52-week low of $328.00 and a 52-week high of $519.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 4.38 and a current ratio of 5.70.

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 $3.615 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. This is an increase from Ferrari’s previous annual dividend of $3.13. This represents a yield of 99.0%.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will debut a radical “Macarena” rotating rear wing in China — a technical innovation that could deliver a competitive edge if it proves effective in practice. Motor racing – Ferrari to run radical ‘Macarena’ wing in China first practice
• Positive Sentiment: Driver Charles Leclerc publicly backed the team’s approach to the new car formula, framing recent changes as sensible and signaling internal confidence — a positive for performance outlook and PR. Charles Leclerc Said New F1 Cars Are Like Mario Kart, So Ferrari Did the Only Right Thing
• Neutral Sentiment: Ferrari was publicly cleared or congratulated in relation to an Adrian Newey investigation, removing a potential regulatory overhang and uncertainty. F1 2026: Ferrari congratulated after Adrian Newey investigation
• Neutral Sentiment: Ferrari provides technical information to Haas (“gives Haas as much info as they can”), which supports customer-team revenue and partnerships but keeps questions alive about customer-team competitiveness. Ferrari gives Haas “as much info as they can”, says Oliver Bearman amid Mercedes customer questions
• Negative Sentiment: Rival drivers and team bosses (Lewis Hamilton, George Russell, Toto Wolff) have publicly highlighted areas where Mercedes still holds a roughly 0.5s/lap advantage, signaling that Ferrari may face a short-term performance gap that could hurt race results and sentiment. Where is Ferrari losing out to Mercedes? Hamilton details 0.5s per lap deficit
• Negative Sentiment: Drivers and some pundits accuse Ferrari of being obstructive as peers push for rule changes to limit team advantages — an escalation that raises regulatory risk and the possibility of mid-season rule interventions. Selfish Ferrari being obstructive as drivers push for rule change to reel in team’s advantage
• Negative Sentiment: Critical analysis suggests Ferrari may have repeated strategic or development mistakes seen at rivals (McLaren), which raises investor concerns about execution and longer-term competitiveness. Ferrari failed to learn from McLaren’s big mistake

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $410.00 price target on shares of Ferrari in a research report on Wednesday, February 11th. Zacks Research upgraded shares of Ferrari from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Oddo Bhf downgraded Ferrari to a “neutral” rating in a research report on Wednesday, December 10th. Morgan Stanley set a $420.00 price target on Ferrari in a research note on Monday, February 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Ferrari in a report on Wednesday, February 11th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $475.61.

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.