Moore Capital Management LP Grows Position in Ferrari N.V. $RACE

Moore Capital Management LP increased its position in Ferrari N.V. (NYSE:RACE) by 16.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,196 shares of the company’s stock after buying an additional 3,008 shares during the period. Moore Capital Management LP’s holdings in Ferrari were worth $10,243,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RACE. Groupama Asset Managment increased its stake in Ferrari by 24,598.5% during the second quarter. Groupama Asset Managment now owns 16,073,800 shares of the company’s stock worth $7,888,057,000 after acquiring an additional 16,008,720 shares during the last quarter. Norges Bank purchased a new position in Ferrari during the 2nd quarter worth $885,051,000. Bank of New York Mellon Corp increased its stake in shares of Ferrari by 63.7% during the third quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock valued at $1,295,907,000 after buying an additional 1,039,234 shares during the period. Viking Global Investors LP increased its position in Ferrari by 432.7% during the 2nd quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock valued at $353,526,000 after purchasing an additional 585,872 shares during the period. Finally, Credit Agricole S A bought a new position in Ferrari in the third quarter worth approximately $279,003,000.

Ferrari Price Performance

Shares of Ferrari stock opened at $334.39 on Tuesday. The stock has a market capitalization of $78.23 billion, a P/E ratio of 33.07, a PEG ratio of 3.24 and a beta of 0.97. The business has a 50 day simple moving average of $354.62 and a two-hundred day simple moving average of $396.34. Ferrari N.V. has a 12 month low of $328.00 and a 12 month high of $519.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.70 and a quick ratio of 4.38.

Ferrari Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Investors of record on Tuesday, April 21st will be paid a $3.615 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a yield of 99.0%. This is an increase from Ferrari’s previous annual dividend of $3.13.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Company update showing continued execution of the first €250m tranche of a multi‑year ~€3.5bn share buyback; treasury stake approaching ~9%, which reduces float and supports EPS. FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
• Positive Sentiment: Street sentiment remains supportive — coverage notes (including JPMorgan commentary) point to durable margins and bullish views after fiscal 2025, which can help underpin multiple expansion and investor confidence. JPMorgan Analysts Bullish on Ferrari N.V. (RACE) Following Fiscal 2025 Results
• Neutral Sentiment: Sporting upside from high-visibility results: Lewis Hamilton earned his first Ferrari podium at the Chinese GP, raising brand exposure and fan engagement — positive for luxury halo but indirect for near-term EPS. Kimi Antonelli wins Chinese GP — Guardian
• Negative Sentiment: Technical/regulatory snag: reports say Ferrari removed a controversial wing after talks with F1 authorities in Shanghai — could imply lost development/track performance or near-term engineering disruption. Ferrari forced to axe ‘illegal’ wing — The Sun
• Negative Sentiment: Team conduct risk: several commentators and former drivers criticized an on-track battle between Ferrari drivers (and Lewis Hamilton), warning it “destroyed” race chances and highlighting collision risk — raises governance/operational concerns for investors watching sporting risk and reputational impact. Lewis Hamilton accused of ‘destroying’ Ferrari’s race — Express

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of Ferrari in a research note on Wednesday, February 11th. HSBC reissued a “hold” rating on shares of Ferrari in a research report on Tuesday, January 13th. BNP Paribas Exane raised Ferrari to a “strong-buy” rating in a report on Thursday, December 11th. Citigroup raised shares of Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley set a $420.00 target price on shares of Ferrari in a research note on Monday, February 16th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $475.61.

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.