TD Asset Management Inc Sells 246,577 Shares of Ferrari N.V. $RACE

TD Asset Management Inc lowered its holdings in shares of Ferrari N.V. (NYSE:RACE) by 66.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 125,707 shares of the company’s stock after selling 246,577 shares during the period. TD Asset Management Inc’s holdings in Ferrari were worth $46,677,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caprock Group LLC bought a new stake in Ferrari in the 3rd quarter worth $1,484,000. Lansforsakringar Fondforvaltning AB publ grew its holdings in Ferrari by 6.6% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 51,928 shares of the company’s stock worth $25,114,000 after acquiring an additional 3,224 shares during the last quarter. HighTower Advisors LLC grew its holdings in Ferrari by 94.4% in the 4th quarter. HighTower Advisors LLC now owns 25,068 shares of the company’s stock worth $9,284,000 after acquiring an additional 12,175 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Ferrari by 3.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 183,917 shares of the company’s stock worth $89,077,000 after acquiring an additional 5,958 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Ferrari by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock worth $1,937,388,000 after acquiring an additional 58,506 shares during the last quarter.

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari looked strong in Monaco practice, with Charles Leclerc topping FP1 and Ferrari showing front-running pace in multiple sessions, raising hopes the team could convert speed into a race result. F1 Monaco GP: Charles Leclerc leads Ferrari 1-2 in twice red-flagged FP1
• Positive Sentiment: Several reports highlighted Ferrari “making a statement” in Monaco practice and being viewed as a potential threat to Mercedes, reinforcing optimism about near-term racing performance and brand visibility. Motor racing – Ferrari mark their intent in Monaco practice runs
• Positive Sentiment: Charles Leclerc signed a new long-term deal with Ferrari, signaling driver commitment and continuity for the team’s F1 program, which supports the company’s premium brand narrative. ‘More than just a team’: Leclerc signs long-term Ferrari deal before home race in Monaco
• Positive Sentiment: Ferrari and HP unveiled a high-profile branded laptop collaboration, expanding Ferrari’s licensing and consumer-product presence beyond autos and motorsport. Ferrari And HP Made A Vivid Red Laptop With A Transparent ‘Engine Bay’
• Neutral Sentiment: Leclerc and Ferrari officials tried to temper expectations, saying Friday pace does not guarantee Monaco success and that the team still has work to do. Work ahead for Ferrari to convert Friday pace into Monaco GP success
• Negative Sentiment: One recent commentary questioned the design of Ferrari’s first fully electric model, suggesting some investors may view the EV rollout as a branding risk if enthusiast reaction remains negative. Has Ferrari Lost Its Mind?

Analyst Ratings Changes

A number of brokerages have issued reports on RACE. Jefferies Financial Group raised shares of Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Ferrari in a report on Wednesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Finally, Citigroup raised shares of Ferrari from a “sell” rating to a “neutral” rating in a report on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $469.06.

Ferrari Trading Down 0.7%

Shares of RACE opened at $347.40 on Friday. The firm’s 50-day moving average price is $343.00 and its 200-day moving average price is $355.45. The firm has a market capitalization of $81.27 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 3.30 and a beta of 0.93. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $519.10.

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.