Ferrari N.V. $RACE Stock: Generali Asset Management SPA SGR Increases Holdings

Generali Asset Management SPA SGR raised its stake in Ferrari N.V. (NYSE:RACE) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 125,318 shares of the company’s stock after buying an additional 6,436 shares during the quarter. Ferrari comprises approximately 0.9% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 21st biggest holding. Generali Asset Management SPA SGR’s holdings in Ferrari were worth $49,231,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RACE. Anchor Investment Management LLC boosted its holdings in shares of Ferrari by 1,625.0% in the second quarter. Anchor Investment Management LLC now owns 69 shares of the company’s stock valued at $26,000 after buying an additional 65 shares during the period. Bellevue Asset Management LLC acquired a new stake in shares of Ferrari during the first quarter worth $34,000. Grove Bank & Trust lifted its position in Ferrari by 51.5% in the 3rd quarter. Grove Bank & Trust now owns 100 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. Dunhill Financial LLC bought a new stake in Ferrari in the 2nd quarter valued at $38,000. Finally, Ameritas Advisory Services LLC acquired a new position in Ferrari in the 2nd quarter worth $38,000.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari continued its €250 million third tranche of share repurchases, part of a broader multiyear program targeting approximately €3.5 billion in buybacks through 2030. Repurchases can support earnings per share and signal management confidence in the company’s valuation. Ferrari periodic report on the buyback program
• Neutral Sentiment: Ferrari’s Formula 1 cars appeared competitive but lacked the final performance needed to challenge for victory at the U.S. Grand Prix in Austin. Charles Leclerc and Lewis Hamilton identified different shortcomings, highlighting that the team remains close to the front but inconsistent. Ferrari Grand Prix in Austin analysis
• Negative Sentiment: Lewis Hamilton attributed his missed podium opportunity in Austin to a Ferrari setup mistake, while reports warn that the team’s weaknesses could become more pronounced at the next race. Continued F1 underperformance could affect brand momentum, although its direct impact on Ferrari’s automotive earnings is limited. Lewis Hamilton Ferrari setup mistake
• Negative Sentiment: Zacks cautioned that Ferrari may not have the favorable combination of earnings and revenue trends typically associated with a likely earnings beat in next week’s report. The warning raises the risk of an earnings-related setback despite expectations for year-over-year growth. Ferrari earnings expectations

Wall Street Analyst Weigh In

A number of research firms have issued reports on RACE. Evercore reiterated an “outperform” rating and set a $485.00 target price on shares of Ferrari in a report on Friday, July 31st. Sanford C. Bernstein restated a “buy” rating on shares of Ferrari in a report on Tuesday, September 29th. Barclays restated a “buy” rating on shares of Ferrari in a report on Monday, August 10th. Wolfe Research began coverage on Ferrari in a research report on Tuesday, July 7th. They set an “outperform” rating for the company. Finally, Banca Akros downgraded Ferrari to a “neutral” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferrari presently has a consensus rating of “Moderate Buy” and a consensus target price of $456.71.

Ferrari Price Performance

RACE opened at $390.05 on Wednesday. Ferrari N.V. has a 52-week low of $312.51 and a 52-week high of $437.15. The business’s fifty day moving average is $404.94 and its 200-day moving average is $369.07.

Ferrari (NYSE:RACE) last released its earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.16. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.14 billion. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.38 earnings per share. On average, research analysts expect that Ferrari N.V. will post 11.16 earnings per share for the current year.

Ferrari Company Profile

Ferrari N.V. is an Italian luxury automotive company that designs, develops, manufactures and sells high-performance sports cars. Its vehicle portfolio includes grand touring models, mid- and rear-engine sports cars, limited-edition special series and high-performance supercars. Ferrari also offers extensive personalization options, allowing customers to tailor vehicle specifications, materials and finishes.

The company traces its origins to 1939, when Enzo Ferrari established Auto Avio Costruzioni, and it produced its first Ferrari-badged car in 1947.