Lazard Asset Management LLC raised its stake in Ferrari N.V. (NYSE:RACE – Free Report) by 40.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,227 shares of the company’s stock after buying an additional 18,670 shares during the period. Lazard Asset Management LLC’s holdings in Ferrari were worth $21,853,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new position in shares of Ferrari during the 1st quarter valued at $1,989,000. Sustainable Insight Capital Management LLC purchased a new stake in shares of Ferrari during the 1st quarter valued at $3,481,000. Renaissance Technologies LLC raised its position in Ferrari by 47.9% in the first quarter. Renaissance Technologies LLC now owns 116,968 shares of the company’s stock worth $39,026,000 after acquiring an additional 37,860 shares during the period. Gamco Investors INC. ET AL purchased a new position in Ferrari in the first quarter valued at approximately $264,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Ferrari by 26.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 83,073 shares of the company’s stock worth $27,650,000 after acquiring an additional 17,198 shares during the period.
Ferrari Stock Performance
Shares of NYSE RACE opened at $390.30 on Wednesday. The company has a market cap of $91.31 billion, a P/E ratio of 37.45, a P/E/G ratio of 3.26 and a beta of 0.92. The firm’s fifty day moving average is $362.32 and its two-hundred day moving average is $352.47. 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 52-week low of $312.51 and a 52-week high of $509.82.
Key Stories Impacting Ferrari
- Positive Sentiment: Pre-earnings optimism: Analysts remain constructive on Ferrari’s premium product mix and resilient demand. The company has maintained its 2026 guidance and reported an order book extending toward the end of 2027, supporting confidence in upcoming results. The median recent analyst price target of $447 is above the stock’s reported trading level. Ferrari Shares Rise Ahead of Earnings on Analyst Optimism
- Positive Sentiment: Share buyback continues: Ferrari is executing the second €250 million tranche of its broader approximately €3.5 billion multi-year repurchase program, expected to run through 2030. Continued buybacks can support earnings per share and signal management’s confidence in the company’s valuation and cash generation. Ferrari N.V. Periodic Report on the Buyback Program
- Positive Sentiment: Brand engagement remains high: Ferrari’s Corse Clienti track event at Road Atlanta highlights continued customer and enthusiast engagement, supporting the brand’s luxury positioning, though the direct financial impact is likely limited. Ferrari Corse Clienti Ignites Road Atlanta with Exclusive Track Spectacle
- Neutral Sentiment: Reports that an influencer sold two Ferraris to purchase Bitcoin are anecdotal and unlikely to materially affect Ferrari N.V.’s revenue or investment outlook. Influencer sells 2 Ferraris to buy Bitcoin dip
- Negative Sentiment: Ferrari’s Formula 1 team reportedly missed a podium opportunity in Hungary. The result may weigh modestly on racing-related sentiment, but it is unlikely to change the company’s near-term financial outlook. Ferrari meltdown in Hungary
Analysts Set New Price Targets
RACE has been the topic of a number of recent research reports. Morgan Stanley raised Ferrari from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $388.00 to $438.00 in a report on Monday, June 15th. Wolfe Research initiated coverage on shares of Ferrari in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ferrari in a report on Wednesday, July 8th. Jefferies Financial Group upgraded shares of Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Ferrari in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $471.97.
Read Our Latest Report on Ferrari
Ferrari 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.
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