Ferrari N.V. $RACE Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in Ferrari N.V. (NYSE:RACE) by 15.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,539 shares of the company’s stock after buying an additional 4,868 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ferrari were worth $13,503,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Groupama Asset Managment increased its position in Ferrari by 5.7% during the third quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock worth $8,244,189,000 after buying an additional 916,821 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Ferrari by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock valued at $1,937,388,000 after acquiring an additional 58,506 shares in the last quarter. Amundi lifted its position in shares of Ferrari by 8.0% in the third quarter. Amundi now owns 2,972,368 shares of the company’s stock valued at $1,461,008,000 after acquiring an additional 219,909 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Ferrari by 27.5% during the third quarter. Alliancebernstein L.P. now owns 2,379,261 shares of the company’s stock valued at $1,154,465,000 after acquiring an additional 512,703 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Ferrari by 13.5% during the third quarter. Capital International Investors now owns 1,500,004 shares of the company’s stock valued at $724,656,000 after acquiring an additional 178,394 shares during the last quarter.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari’s new electric vehicle reveal is drawing major coverage, and the company’s CEO says customer interest is strong despite online backlash. That suggests the EV launch may be more of a long-term growth catalyst than a short-term setback. Article Title
• Positive Sentiment: Ferrari’s racing brand continues to generate positive visibility, including a twin class win at Monza for the Ferrari 296 GT3 Evo and additional Formula 1 chatter around Ferrari’s competitiveness and long-term title prospects. Strong motorsport performance can support the luxury brand image. Article Title
• Neutral Sentiment: Ferrari was mentioned in a broad Financial Post roundup of market news, which includes the company’s EV reveal but does not add new financial details. Article Title
• Neutral Sentiment: Several Formula 1 items, including driver speculation, rule changes, and team milestones, keep Ferrari in the spotlight, but they are mostly sentiment-driven and not direct business catalysts. Article Title
• Negative Sentiment: Investor commentary warning that Ferrari’s “phone car” / EV strategy could be a mistake may temper enthusiasm if the market worries the company is straying from its winning formula. Article Title
• Negative Sentiment: Broader backlash around Ferrari’s first electric car, including comparisons to rivals and criticism from commentators, could raise concern that the EV launch may face brand-risk and execution challenges. Article Title

Analyst Upgrades and Downgrades

RACE has been the subject of several analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $410.00 target price on shares of Ferrari in a research note on Wednesday, February 11th. Jefferies Financial Group raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a report on Wednesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Finally, Citigroup raised shares of Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $469.06.

Ferrari Price Performance

RACE stock opened at $349.18 on Tuesday. The stock has a 50-day moving average price of $340.82 and a two-hundred day moving average price of $356.96. Ferrari N.V. has a 12-month low of $312.51 and a 12-month high of $519.10. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72. The company has a market cap of $81.69 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95.

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.