Ferrari N.V. $RACE Shares Bought by Interval Partners LP

Interval Partners LP lifted its position in shares of Ferrari N.V. (NYSE:RACE) by 670.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 132,473 shares of the company’s stock after acquiring an additional 115,274 shares during the period. Ferrari accounts for 1.0% of Interval Partners LP’s portfolio, making the stock its 17th biggest holding. Interval Partners LP’s holdings in Ferrari were worth $64,279,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Benjamin Edwards Inc. lifted its position in Ferrari by 3.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock valued at $299,000 after purchasing an additional 22 shares during the last quarter. Allworth Financial LP boosted its stake in Ferrari by 7.5% during the 2nd quarter. Allworth Financial LP now owns 330 shares of the company’s stock valued at $162,000 after purchasing an additional 23 shares during the period. Valeo Financial Advisors LLC grew its position in Ferrari by 2.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,086 shares of the company’s stock worth $532,000 after purchasing an additional 23 shares during the last quarter. Certuity LLC grew its position in Ferrari by 4.5% in the 2nd quarter. Certuity LLC now owns 582 shares of the company’s stock worth $285,000 after purchasing an additional 25 shares during the last quarter. Finally, Wealth Alliance LLC increased its stake in shares of Ferrari by 2.0% in the third quarter. Wealth Alliance LLC now owns 1,251 shares of the company’s stock valued at $607,000 after purchasing an additional 25 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $410.00 price target on shares of Ferrari in a report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrari in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley set a $420.00 price target on Ferrari in a research report on Monday, February 16th. Finally, UBS Group decreased their price target on Ferrari from $563.00 to $555.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $475.61.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will debut a rotating “Macarena” rear wing in China, showing aggressive aero innovation that could improve race pace if effective. Article Title
• Positive Sentiment: Multiple outlets report Ferrari experimenting with new winglets (including a halo winglet) in China — continued on-track development may provide performance upside later in the season. Article Title
• Positive Sentiment: F1 coverage includes lifestyle/brand pieces (a day in the life of a Ferrari racing driver, Leclerc features) that support Ferrari’s premium brand and fan engagement. Article Title
• Neutral Sentiment: Ferrari is sharing technical info with customer team Haas; this collaboration manages relationships but raises questions about competitive leverage. Article Title
• Neutral Sentiment: Debate continues in media and among drivers about the Ferrari vs Mercedes dynamic — mixed commentary from Hamilton and Russell frames uncertain competitive outlook. Article Title
• Negative Sentiment: High-profile criticism: Lewis Hamilton and others say Ferrari is losing significant time to Mercedes due to engine/power-unit disadvantage — a direct hit to race-winning prospects. Article Title
• Negative Sentiment: Calls from rivals and media for Ferrari to close the PU deficit increase pressure on technical and management teams; investors may worry about costly development needs or short-term underperformance. Article Title
• Negative Sentiment: Race execution questioned after Australian GP strategy reviews and comments that Ferrari’s calls “robbed” them of a better result — operational miscues can depress short-term results and sentiment. Article Title
• Negative Sentiment: Drivers and pundits accuse Ferrari of obstructing rule-change talks and failing to learn from rivals’ mistakes — governance/PR friction could weigh on brand and on-track cooperation. Article Title

Ferrari Trading Down 0.6%

Shares of NYSE:RACE opened at $332.56 on Friday. The company has a 50 day moving average of $355.52 and a 200-day moving average of $398.36. The company has a current ratio of 5.70, a quick ratio of 4.38 and a debt-to-equity ratio of 0.74. The firm has a market cap of $77.80 billion, a P/E ratio of 32.89, a P/E/G ratio of 3.27 and a beta of 0.97. Ferrari N.V. has a twelve month low of $328.00 and a twelve month high of $519.10.

Ferrari Increases Dividend

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

Ferrari Company 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.