Clearbridge Investments LLC Decreases Stake in Ferrari N.V. $RACE

Clearbridge Investments LLC lessened its stake in Ferrari N.V. (NYSE:RACE) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 387,182 shares of the company’s stock after selling 26,545 shares during the quarter. Clearbridge Investments LLC’s holdings in Ferrari were worth $143,087,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Community Bank N.A. purchased a new position in shares of Ferrari in the 3rd quarter valued at $33,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ferrari in the 4th quarter valued at $29,000. Entrust Financial LLC purchased a new position in shares of Ferrari in the 4th quarter valued at $33,000. CoreCap Advisors LLC grew its position in shares of Ferrari by 70.0% in the 4th quarter. CoreCap Advisors LLC now owns 102 shares of the company’s stock valued at $38,000 after buying an additional 42 shares during the last quarter. Finally, Horizon Investments LLC grew its position in shares of Ferrari by 33.3% in the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock valued at $50,000 after buying an additional 26 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley set a $420.00 target price on shares of Ferrari in a research report on Monday, February 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ferrari in a research note on Friday, April 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Finally, Citigroup upgraded Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $469.06.

Ferrari Price Performance

Shares of NYSE RACE opened at $347.40 on Monday. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72. Ferrari N.V. has a twelve month low of $312.51 and a twelve month high of $519.10. The stock has a 50 day moving average of $343.00 and a two-hundred day moving average of $355.10. The stock has a market cap of $81.27 billion, a P/E ratio of 33.34, a P/E/G ratio of 3.30 and a beta of 0.93.

Ferrari News Roundup

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?

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.