Ferrari N.V. $RACE Position Lifted by Interval Partners LP

Interval Partners LP grew its stake in shares of Ferrari N.V. (NYSE:RACE) by 670.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,473 shares of the company’s stock after acquiring an additional 115,274 shares during the period. Ferrari comprises approximately 1.0% of Interval Partners LP’s holdings, making the stock its 17th biggest position. Interval Partners LP owned 0.05% of Ferrari worth $64,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Ferrari by 78.9% during the first quarter. AQR Capital Management LLC now owns 3,568 shares of the company’s stock worth $1,527,000 after purchasing an additional 1,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ferrari by 31.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock valued at $82,000 after buying an additional 46 shares during the last quarter. Woodline Partners LP acquired a new stake in Ferrari during the first quarter valued at approximately $1,519,000. Sivia Capital Partners LLC raised its stake in Ferrari by 67.5% during the second quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock valued at $448,000 after buying an additional 368 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in Ferrari by 55.0% during the 2nd quarter. Savant Capital LLC now owns 1,370 shares of the company’s stock worth $672,000 after buying an additional 486 shares during the last quarter.

Ferrari Stock Down 0.6%

NYSE:RACE opened at $332.56 on Friday. The firm has a market capitalization of $77.80 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97. The stock has a 50 day moving average of $355.52 and a 200-day moving average of $398.36. Ferrari N.V. has a 52 week low of $328.00 and a 52 week high of $519.10. The company has a current ratio of 5.70, a quick ratio of 4.38 and a debt-to-equity ratio of 0.74.

Ferrari Increases Dividend

The business 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 represents a yield of 99.0%. This is an increase from Ferrari’s previous annual dividend of $3.13.

Key Headlines Impacting 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

Analysts Set New Price Targets

Several research analysts have recently commented on RACE shares. Barclays set a $420.00 target price on Ferrari and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Oddo Bhf lowered Ferrari to a “neutral” rating in a research report on Wednesday, December 10th. Zacks Research upgraded Ferrari from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. BNP Paribas Exane upgraded shares of Ferrari to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $475.61.

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.