Assenagon Asset Management S.A. Lowers Stake in Ferrari N.V. $RACE

Assenagon Asset Management S.A. decreased its stake in shares of Ferrari N.V. (NYSE:RACE) by 30.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,202 shares of the company’s stock after selling 3,950 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ferrari were worth $3,438,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RACE. Mather Group LLC. bought a new stake in Ferrari during the 3rd quarter valued at $27,000. Westside Investment Management Inc. grew its position in shares of Ferrari by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 56 shares of the company’s stock worth $27,000 after buying an additional 28 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Ferrari during the third quarter valued at $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Ferrari during the second quarter valued at $30,000. Finally, Community Bank N.A. bought a new stake in shares of Ferrari in the third quarter valued at about $33,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RACE. BNP Paribas Exane upgraded shares of Ferrari to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrari in a report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research report on Wednesday, February 11th. JPMorgan Chase & Co. lifted their price objective on shares of Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Citigroup raised Ferrari from a “sell” rating to a “neutral” rating in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $475.61.

Ferrari Stock Performance

Shares of Ferrari stock opened at $317.23 on Monday. The company has a 50 day moving average price of $347.43 and a 200 day moving average price of $386.18. The firm has a market capitalization of $74.22 billion, a P/E ratio of 31.37, a PEG ratio of 3.10 and a beta of 0.97. The company has a quick ratio of 4.38, a current ratio of 5.70 and a debt-to-equity ratio of 0.74. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $519.10.

Ferrari Increases Dividend

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

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Continued high‑net‑worth demand — Ferrari is flying bespoke supercars directly to Middle East buyers despite sea freight disruption, showing resilient demand in a key luxury market. Ferrari flies personalised supercars to super-rich Middle East buyers
• Positive Sentiment: Motorsport exposure and product halo — Ferrari is active in GT World Challenge events this weekend, supporting brand visibility and customer engagement among enthusiasts and buyers. Weekend preview: Ferrari set to compete in GT World Challenge America and Australia
• Positive Sentiment: Youth talent & PR — rising drivers (e.g., Ollie Bearman) publicly signalling readiness to drive for Ferrari help the brand narrative in F1 and media coverage. Ollie Bearman interview: I am ready to drive for Ferrari
• Neutral Sentiment: Technical scrutiny — independent technical reports detail SF‑26 development strategy and team dynamics; useful for assessing medium‑term F1 competitiveness but not an immediate earnings driver. F1-News.eu Releases Technical Report on Ferrari SF-26 Development Strategy and Team Dynamics
• Neutral Sentiment: Race‑tech choices explained — Ferrari opted not to run its latest F1 wing at Suzuka; technical decisions can swing short‑term results but are routine engineering calls. Why Ferrari isn’t using its ‘Macarena’ F1 wing at Japanese GP
• Neutral Sentiment: Consumer interest/engagement — viral comparisons (e.g., Corvette C8 Z06 vs Ferrari 458) keep brand in the conversation; PR value is tangible but hard to quantify for near‑term stock moves. Chevrolet Corvette C8 Z06 vs Ferrari 458 drag race
• Negative Sentiment: Geopolitical sell‑off — broader luxury‑stock weakness linked to the Iran war has hit Ferrari alongside peers, removing market multiple support and pressuring the share price. Iran war wipes out $100 billion from luxury stocks
• Negative Sentiment: Management admits F1 underperformance — chairman John Elkann’s shareholder letter concedes Ferrari’s 2025 F1 results fell short of ambitions, raising investor concern about execution and timelines for improvement. John Elkann opens up on Ferrari’s 2025 F1 struggles in candid shareholder letter
• Negative Sentiment: Negative market commentary — pundits (including Jim Cramer) note the stock “lost its mojo,” which can amplify selling in a fragile macro backdrop. Jim Cramer on Ferrari N.V.: “This Was a Very Hot Stock, and Somehow It Lost Its Mojo”

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.