TD Waterhouse Canada Inc. Buys 24,956 Shares of Ferrari N.V. $RACE

Posted by on Sep 5th, 2026

TD Waterhouse Canada Inc. raised its stake in shares of Ferrari N.V. (NYSE:RACE – Free Report) by 139.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,858 shares of the company’s stock after buying an additional 24,956 shares during the period. TD Waterhouse Canada Inc.’s holdings in Ferrari were worth $16,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RACE. Fideuram Asset Management Ireland dac bought a new stake in shares of Ferrari in the fourth quarter worth $29,000. Entrust Financial LLC bought a new position in Ferrari in the fourth quarter valued at about $33,000. Bellevue Asset Management LLC purchased a new position in Ferrari in the first quarter worth about $34,000. Bamco Inc. NY boosted its position 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 last quarter. Finally, Dunhill Financial LLC bought a new stake in shares of Ferrari during the 2nd quarter valued at about $38,000.

Ferrari Price Performance

NYSE RACE opened at $409.90 on Friday. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $504.49. The stock has a market cap of $95.90 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 3.59 and a beta of 0.92. The company’s 50 day moving average is $396.45 and its two-hundred day moving average is $364.70. The company has a current ratio of 4.85, a quick ratio of 3.70 and a debt-to-equity ratio of 0.86.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on RACE shares. Sanford C. Bernstein upped 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 reduced their target price on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating for the company in a report on Friday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $442.00 target price on shares of Ferrari in a report on Friday, July 31st. Evercore reiterated an “outperform” rating and set a $485.00 target price on shares of Ferrari in a research report on Friday, July 31st. Finally, Wolfe Research began coverage on Ferrari in a report on Tuesday, July 7th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $477.15.

View Our Latest Report on Ferrari

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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