24,655 Shares in Ferrari N.V. $RACE Acquired by Cornerstone Advisors LLC

Cornerstone Advisors LLC purchased a new stake in Ferrari N.V. (NYSE:RACE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,655 shares of the company’s stock, valued at approximately $9,179,000.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of Ferrari by 94.4% during the fourth quarter. HighTower Advisors LLC now owns 25,068 shares of the company’s stock valued at $9,284,000 after acquiring an additional 12,175 shares during the period. Deutsche Bank AG grew its holdings in shares of Ferrari by 3.9% in the 4th quarter. Deutsche Bank AG now owns 973,583 shares of the company’s stock worth $359,797,000 after purchasing an additional 36,670 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Ferrari by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock worth $1,937,388,000 after purchasing an additional 58,506 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its position in shares of Ferrari by 716.8% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,487 shares of the company’s stock worth $3,136,000 after purchasing an additional 7,448 shares in the last quarter. Finally, USS Investment Management Ltd increased its position in shares of Ferrari by 902.0% during the 1st quarter. USS Investment Management Ltd now owns 229,353 shares of the company’s stock worth $76,588,000 after purchasing an additional 206,463 shares in the last quarter.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Record Ferrari auction prices reinforce brand strength. Broad Arrow’s inaugural Quail Auction generated $97.4 million in sales, with 85% of lots sold. A 2003 Ferrari Enzo sold for $10.675 million, while several modern Ferraris—including the 550 Barchetta Pininfarina, 488 Pista Spider, 812 Superfast and 550 Maranello—achieved model auction records. The results suggest sustained collector demand and support Ferrari’s pricing power and exclusivity. Broad Arrow Auctions Reports $97.4 Million in Sales at Inaugural The Quail Auction
• Positive Sentiment: Jefferies reiterated its Buy rating. The broker maintained a €400 price target for Ferrari’s Milan-listed shares and a $435 target for the U.S.-listed stock, citing strong Monterey auction results as evidence of continued strength in the luxury auto market. Ferrari gets Jefferies backing as classic car auction prices surge
• Positive Sentiment: Ferrari’s first EV generated exceptional attention. A bespoke version of the Luce, Ferrari’s first fully electric vehicle, sold for $40 million at an RM Sotheby’s charity auction—the highest reported price for a new car at auction. Proceeds will support education initiatives through the Ferrari Foundation. The sale may help validate Ferrari’s EV desirability and preserve its premium image, though it was a one-off charity transaction. Ferrari’s bespoke Luce EV one-off fetches $40 million at charity auction
• Neutral Sentiment: Performance-car coverage remains favorable but has limited financial impact. Media comparisons featuring the Ferrari 296 GTB and SF90 highlight the company’s performance credentials, but drag-race and enthusiast content is unlikely to directly affect near-term revenue or earnings.

Analyst Upgrades and Downgrades

A number of research firms have commented on RACE. Morgan Stanley restated an “overweight” rating and issued a $442.00 price target on shares of Ferrari in a research report on Friday, July 31st. Sanford C. Bernstein raised their price objective on shares of Ferrari from $402.00 to $460.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Needham & Company LLC raised shares of Ferrari to a “neutral” rating in a report on Friday, July 31st. UBS Group cut their target price on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Evercore reissued an “outperform” rating and issued a $485.00 target price on shares of Ferrari in a report on Friday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $477.15.

Ferrari Stock Performance

Shares of NYSE:RACE opened at $417.17 on Tuesday. Ferrari N.V. has a twelve month low of $312.51 and a twelve month high of $504.49. The firm has a market cap of $97.60 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 3.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.70 and a current ratio of 4.85. The business has a fifty day moving average of $379.15 and a 200-day moving average of $357.85.

Ferrari (NYSE:RACE) last released its quarterly earnings results on Friday, July 31st. The company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.16. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Ferrari had a return on equity of 42.83% and a net margin of 22.29%.The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.38 earnings per share. On average, equities research analysts predict that Ferrari N.V. will post 11.18 EPS for the current fiscal year.

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.