Capital Group Investment Management PTE. LTD. Sells 3,112 Shares of Ferrari N.V. $RACE

Capital Group Investment Management PTE. LTD. lowered its position in shares of Ferrari N.V. (NYSE:RACE) by 77.4% during the fourth quarter, HoldingsChannel reports. The fund owned 909 shares of the company’s stock after selling 3,112 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Ferrari were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Ferrari during the 4th quarter valued at about $779,894,000. Groupama Asset Managment raised its stake in shares of Ferrari by 5.7% in the third quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock worth $8,244,189,000 after purchasing an additional 916,821 shares during the last quarter. Ninety One UK Ltd purchased a new stake in shares of Ferrari in the fourth quarter worth approximately $338,785,000. Viking Global Investors LP raised its stake in shares of Ferrari by 432.7% in the second quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock worth $353,526,000 after purchasing an additional 585,872 shares during the last quarter. Finally, Credit Agricole S A purchased a new stake in shares of Ferrari in the third quarter worth approximately $279,003,000.

Ferrari News Summary

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?

Ferrari Price Performance

Shares of NYSE RACE opened at $347.40 on Monday. The stock has a fifty day simple moving average of $343.00 and a two-hundred day simple moving average of $355.10. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $519.10. The firm has a market cap of $81.27 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth 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.

Analysts Set New Price Targets

Several analysts have recently commented on RACE shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a report on Wednesday, February 11th. Morgan Stanley set a $420.00 target price on Ferrari in a report on Monday, February 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ferrari in a report on Friday, April 10th. Finally, UBS Group reduced their target price on Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Ferrari has a consensus rating of “Moderate Buy” and an average price target of $469.06.

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.