Barclays PLC Has $130.18 Million Position in Ferrari N.V. $RACE

Barclays PLC reduced its stake in shares of Ferrari N.V. (NYSE:RACE) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,247 shares of the company’s stock after selling 170,685 shares during the quarter. Barclays PLC’s holdings in Ferrari were worth $130,176,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Groupama Asset Managment raised its stake 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 acquiring an additional 916,821 shares in the last quarter. Vanguard Group Inc. raised its stake in Ferrari by 1.1% during the fourth 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 in the last quarter. Amundi raised its stake in Ferrari by 8.0% during the third quarter. Amundi now owns 2,972,368 shares of the company’s stock worth $1,461,008,000 after acquiring an additional 219,909 shares in the last quarter. Morgan Stanley raised its stake in Ferrari by 43.4% during the fourth quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock worth $941,109,000 after acquiring an additional 771,039 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Ferrari by 27.5% during the third quarter. Alliancebernstein L.P. now owns 2,379,261 shares of the company’s stock worth $1,154,465,000 after acquiring an additional 512,703 shares in the last quarter.

Ferrari Price Performance

Ferrari stock opened at $369.27 on Tuesday. The business’s 50-day simple moving average is $346.17 and its 200 day simple moving average is $353.85. The stock has a market cap of $86.39 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 3.36 and a beta of 0.93. Ferrari N.V. has a 12-month low of $312.51 and a 12-month high of $519.10. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72.

Analysts Set New Price Targets

RACE has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley upgraded Ferrari from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $388.00 to $438.00 in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a research note on Friday, April 10th. Jefferies Financial Group upgraded Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $470.70.

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Lewis Hamilton delivered his first Formula 1 win for Ferrari at the Spanish Grand Prix, ending Mercedes’ dominance and giving Ferrari a high-profile victory that could boost brand momentum and sponsor visibility. Lewis Hamilton ends winless streak, gets first F1 victory with Ferrari
• Positive Sentiment: Ferrari also drew bullish investor attention, with commentary highlighting the stock as potentially undervalued even after its recent climb, reinforcing the view that valuation support may still exist. Ferrari NV (RACE) Stock Up 4.0% and Still Undervalued — GF Score: 94/100
• Neutral Sentiment: Analyst-research roundup coverage included Ferrari among several names, which can keep the stock on investors’ radar but did not include a specific new thesis in the headline. Here Are Monday’s Best Wall Street Analyst Research Calls
• Negative Sentiment: Toyota’s Le Mans victory ended Ferrari’s winning streak in endurance racing, a small competitive setback that slightly offsets the weekend’s broader racing success. Toyota wins Le Mans 24-hour race to end Ferrari’s win streak in the endurance classic

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.