NewEdge Wealth LLC Makes New Investment in Ferrari N.V. $RACE

Posted by on Aug 20th, 2026

NewEdge Wealth LLC bought a new stake in shares of Ferrari N.V. (NYSE:RACE – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,295 shares of the company’s stock, valued at approximately $6,439,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac bought a new stake in shares of Ferrari during the fourth quarter valued at about $29,000. Entrust Financial LLC bought a new position in shares of Ferrari in the fourth quarter valued at approximately $33,000. Bellevue Asset Management LLC purchased a new position in Ferrari during the first quarter valued at approximately $34,000. Bamco Inc. NY grew its stake in Ferrari by 790.9% during the fourth quarter. Bamco Inc. NY now owns 98 shares of the company’s stock valued at $36,000 after acquiring an additional 87 shares in the last quarter. Finally, Dunhill Financial LLC bought a new stake in Ferrari during the 2nd quarter worth approximately $38,000.

Ferrari Stock Up 3.1%

Shares of NYSE RACE opened at $425.14 on Thursday. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $381.80 and a 200-day moving average of $359.01. The firm has a market capitalization of $99.46 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 3.55 and a beta of 0.91. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49.

Ferrari (NYSE:RACE – Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.16. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $2.38 earnings per share. Ferrari’s quarterly revenue was up 8.4% on a year-over-year basis. Sell-side analysts expect that Ferrari N.V. will post 11.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of Ferrari in a research note on Monday, August 3rd. Sanford C. Bernstein boosted their price target on shares of Ferrari from $402.00 to $460.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. UBS Group decreased their price target on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ferrari in a report on Wednesday, July 8th. Finally, Evercore reiterated an “outperform” rating and issued a $485.00 price objective on shares of Ferrari in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ferrari presently has an average rating of “Moderate Buy” and an average price target of $477.15.

Get Our Latest Research Report on RACE

Ferrari Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ferrari (NYSE:RACE)

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