Rockefeller Capital Management L.P. Acquires 27,159 Shares of Ferrari N.V. $RACE

Rockefeller Capital Management L.P. raised its holdings in Ferrari N.V. (NYSE:RACE) by 180.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,191 shares of the company’s stock after acquiring an additional 27,159 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Ferrari were worth $15,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fideuram Asset Management Ireland dac bought a new stake in shares of Ferrari in the 4th quarter valued at $29,000. Community Bank N.A. acquired a new position in shares of Ferrari during the 3rd quarter valued at $33,000. Entrust Financial LLC bought a new position in Ferrari during the fourth quarter worth $33,000. Bamco Inc. NY grew its holdings in Ferrari by 790.9% in the fourth quarter. Bamco Inc. NY now owns 98 shares of the company’s stock worth $36,000 after purchasing an additional 87 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in Ferrari by 70.0% in the fourth quarter. CoreCap Advisors LLC now owns 102 shares of the company’s stock worth $38,000 after purchasing an additional 42 shares during the period.

Analyst Upgrades and Downgrades

RACE has been the topic of several research reports. Morgan Stanley upgraded shares of Ferrari from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $388.00 to $438.00 in a report on Monday, June 15th. UBS Group reduced their target price on Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Jefferies Financial Group upgraded Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. upped their target price on Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Ferrari presently has a consensus rating of “Moderate Buy” and an average price target of $470.70.

Ferrari Price Performance

Shares of NYSE RACE opened at $345.17 on Wednesday. The stock has a market cap of $80.75 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 3.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.08 and a current ratio of 5.20. Ferrari N.V. has a fifty-two week low of $312.51 and a fifty-two week high of $519.10. The firm’s 50-day simple moving average is $347.58 and its 200 day simple moving average is $352.56.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari announced a new Chief Marketing & Commercial Officer, appointing former BMW Italy CEO Massimiliano Di Silvestre. Investors may view the hire as a sign Ferrari is strengthening its commercial strategy after the Luce EV launch. Ferrari names new marketing chief after Luce EV debut
• Positive Sentiment: Ferrari also disclosed continued share repurchases under its multi-year buyback program, which can support earnings per share and signal confidence in the company’s cash generation. Ferrari Details June Share Buybacks Under €3.5 Billion Program
• Positive Sentiment: Positive racing coverage around Lewis Hamilton’s Barcelona win and Ferrari’s broader F1 momentum could lift sentiment, since Ferrari’s brand is closely tied to Formula 1 success. Why Hamilton’s Barcelona win was exactly what he and Ferrari – and maybe Leclerc – needed
• Neutral Sentiment: Ferrari Challenge podium results at Le Mans and Laguna Seca are supportive for brand visibility, but likely have limited direct impact on the stock. Carl Moon Claims First Ferrari Challenge Podium at Le Mans
• Neutral Sentiment: Articles about Ferrari team-orders controversy, Charles Leclerc’s new deal, and race strategy debates are mostly motorsport headlines; they may affect brand buzz, but the market impact is likely modest. The Ferrari team orders scandal in Austria that embarrassed Formula One
• Negative Sentiment: Some F1 coverage highlights internal tension and scrutiny around Ferrari’s racing performance, which could weigh slightly on sentiment if investors view it as a sign of execution issues in a brand-critical franchise. Montoya signals race that could define Hamilton’s Ferrari title challenge

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.