Bank of Nova Scotia purchased a new stake in shares of Ferrari N.V. (NYSE:RACE – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,030 shares of the company’s stock, valued at approximately $687,000.
Several other institutional investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. grew its holdings in shares of Ferrari by 3.7% during the second quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock worth $299,000 after purchasing an additional 22 shares during the last quarter. Pacific Sun Financial Corp raised its holdings in shares of Ferrari by 2.5% in the third quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company’s stock valued at $489,000 after buying an additional 25 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Ferrari by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 1,928 shares of the company’s stock valued at $946,000 after buying an additional 26 shares during the last quarter. Horizon Investments LLC lifted its position in Ferrari by 33.3% during the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after buying an additional 26 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ferrari by 14.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 222 shares of the company’s stock worth $108,000 after acquiring an additional 28 shares during the last quarter.
Analyst Ratings Changes
Several equities research analysts have weighed in on RACE shares. UBS Group raised their price objective on shares of Ferrari from $483.00 to $497.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ferrari in a research report on Tuesday, June 2nd. Morgan Stanley raised shares of Ferrari from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $388.00 to $438.00 in a research note on Monday, June 15th. Wolfe Research assumed coverage on shares of Ferrari in a report on Tuesday, July 7th. They issued an “outperform” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $471.97.
Ferrari News Roundup
Here are the key news stories impacting Ferrari this week:
- Positive Sentiment: Q2 earnings and revenue beat expectations. Ferrari reported approximately €1.94 billion in revenue, with operating profit, net income and diluted EPS rising year over year. Reported EPS exceeded the roughly $2.83 consensus estimate, while revenue also topped forecasts. Ferrari Tops Q2 Earnings and Revenue Estimates
- Positive Sentiment: Personalization and favorable vehicle mix lifted results. Strong customer spending on customized vehicles boosted margins and profits. Ferrari said demand remains healthy, with its order book fully covering 2027, providing significant forward revenue visibility. Ferrari Buyers Keep Splurging on Custom Supercars
- Positive Sentiment: Ferrari raised its 2026 guidance. Management cited sustained personalization demand, new-model deliveries and disciplined execution. The increase was modest, but it reinforced confidence that the earnings momentum can continue. Ferrari Raises 2026 Guidance After Q2 Earnings Beat
- Positive Sentiment: Cash generation was a further strength. Operating cash flow reportedly rose sharply year over year, while Ferrari continued investing in its operations without signs of balance-sheet stress.
- Neutral Sentiment: The Luce EV appears commercially viable despite criticism. Ferrari’s CEO said the company is pleased with orders for its first fully electric model, and reports indicated that its 2026 sales target was reached quickly, particularly on Chinese demand. However, the model’s polarizing design and negative launch reviews remain a reputational and execution risk. Ferrari Very Pleased With Orders for Luce EV
- Neutral Sentiment: Valuation remains a consideration. With Ferrari trading at a premium earnings multiple, continued share appreciation likely depends on further earnings growth, successful new-model launches and sustained demand for high-margin personalization.
Ferrari Stock Up 3.4%
Shares of Ferrari stock opened at $398.64 on Friday. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49. The business has a fifty day simple moving average of $364.20 and a 200 day simple moving average of $352.74. The stock has a market cap of $93.26 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 3.31 and a beta of 0.92.
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.
Featured Articles
- Five stocks we like better than Ferrari
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding RACE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ferrari N.V. (NYSE:RACE – Free Report).
Receive News & Ratings for Ferrari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrari and related companies with MarketBeat.com's FREE daily email newsletter.
