Havemeyer Place LP Makes New $1 Million Investment in Ferrari N.V. $RACE

Havemeyer Place LP bought a new position in Ferrari N.V. (NYSE:RACE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,713 shares of the company’s stock, valued at approximately $1,003,000.

A number of other hedge funds have also bought and sold shares of the business. Prudential PLC raised its position in Ferrari by 5.8% in the 4th quarter. Prudential PLC now owns 12,711 shares of the company’s stock worth $4,753,000 after buying an additional 693 shares during the last quarter. Sivia Capital Partners LLC raised its position in Ferrari by 33.6% in the 4th quarter. Sivia Capital Partners LLC now owns 879 shares of the company’s stock worth $325,000 after buying an additional 221 shares during the last quarter. Lido Advisors LLC raised its position in Ferrari by 11.8% in the 4th quarter. Lido Advisors LLC now owns 1,017 shares of the company’s stock worth $376,000 after buying an additional 107 shares during the last quarter. BNP Paribas purchased a new position in Ferrari in the 4th quarter worth about $228,000. Finally, Consolidated Capital Management LLC purchased a new position in Ferrari in the 4th quarter worth about $231,000.

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari looked strong in Monaco practice, with Charles Leclerc topping FP1 and Ferrari showing front-running pace in multiple sessions, raising hopes the team could convert speed into a race result. F1 Monaco GP: Charles Leclerc leads Ferrari 1-2 in twice red-flagged FP1
• Positive Sentiment: Several reports highlighted Ferrari “making a statement” in Monaco practice and being viewed as a potential threat to Mercedes, reinforcing optimism about near-term racing performance and brand visibility. Motor racing – Ferrari mark their intent in Monaco practice runs
• Positive Sentiment: Charles Leclerc signed a new long-term deal with Ferrari, signaling driver commitment and continuity for the team’s F1 program, which supports the company’s premium brand narrative. ‘More than just a team’: Leclerc signs long-term Ferrari deal before home race in Monaco
• Positive Sentiment: Ferrari and HP unveiled a high-profile branded laptop collaboration, expanding Ferrari’s licensing and consumer-product presence beyond autos and motorsport. Ferrari And HP Made A Vivid Red Laptop With A Transparent ‘Engine Bay’
• Neutral Sentiment: Leclerc and Ferrari officials tried to temper expectations, saying Friday pace does not guarantee Monaco success and that the team still has work to do. Work ahead for Ferrari to convert Friday pace into Monaco GP success
• Negative Sentiment: One recent commentary questioned the design of Ferrari’s first fully electric model, suggesting some investors may view the EV rollout as a branding risk if enthusiast reaction remains negative. Has Ferrari Lost Its Mind?

Analyst Upgrades and Downgrades

RACE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Ferrari in a research report on Wednesday, February 11th. UBS Group lowered their target price on Ferrari from $555.00 to $483.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Citigroup raised Ferrari from a “sell” rating to a “neutral” rating in a report on Thursday, February 12th. Morgan Stanley set a $420.00 target price on Ferrari in a report on Monday, February 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a report on Friday, April 10th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $469.06.

Ferrari Price Performance

NYSE RACE opened at $347.40 on Monday. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $519.10. The stock has a market cap of $81.27 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 3.30 and a beta of 0.93. The company’s 50 day moving average is $343.00 and its two-hundred day moving average is $355.10. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72.

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.