Kestra Private Wealth Services LLC Grows Stake in Ferrari N.V. $RACE

Kestra Private Wealth Services LLC increased its position in Ferrari N.V. (NYSE:RACE) by 49.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,218 shares of the company’s stock after acquiring an additional 1,397 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ferrari were worth $1,428,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. increased its position in shares of Ferrari by 3.7% during 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. Pacific Sun Financial Corp boosted its holdings in shares of Ferrari by 2.5% in the third quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company’s stock worth $489,000 after buying an additional 25 shares during the last quarter. Horizon Investments LLC grew its position in Ferrari by 33.3% during the third quarter. Horizon Investments LLC now owns 104 shares of the company’s stock valued at $50,000 after buying an additional 26 shares during the period. Evergreen Capital Management LLC increased its holdings in Ferrari by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 1,928 shares of the company’s stock valued at $946,000 after buying an additional 26 shares during the last quarter. Finally, Enhancing Capital LLC increased its holdings in Ferrari by 1.6% during the third quarter. Enhancing Capital LLC now owns 1,808 shares of the company’s stock valued at $877,000 after buying an additional 28 shares during the last quarter.

Analysts Set New Price Targets

RACE has been the topic of several analyst reports. Morgan Stanley upgraded shares of Ferrari from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $388.00 to $438.00 in a research note on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ferrari in a report on Friday, April 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ferrari in a research report on Tuesday, June 2nd. Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Finally, UBS Group reduced their price target on Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $470.70.

Ferrari Stock Down 0.1%

RACE opened at $368.15 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.08 and a current ratio of 5.20. Ferrari N.V. has a fifty-two week low of $312.51 and a fifty-two week high of $519.10. The firm’s fifty day moving average is $347.78 and its 200 day moving average is $351.80. The stock has a market cap of $86.13 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 3.51 and a beta of 0.93.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari said it continued repurchasing shares in late June under its multi-year buyback plan, part of a larger roughly €3.5 billion program through 2030. Ongoing buybacks can support earnings per share and signal management confidence. Article Title
• Positive Sentiment: Ferrari and BMW are joining the industry shift toward lighter, cheaper aluminum wiring in new models. If the change lowers vehicle costs and weight without hurting performance, it could be a modest margin and efficiency tailwind. Article Title
• Neutral Sentiment: Ferrari-related features and retrospective Formula 1 coverage kept the brand in the headlines, but these stories are unlikely to materially affect the stock on their own.
• Negative Sentiment: Multiple reports from the Austrian Grand Prix described Ferrari’s race strategy and pace as disappointing, with Lewis Hamilton calling the strategy “suboptimum” and noting a “reality check.” Weak F1 performance can pressure sentiment because Ferrari’s racing success is closely tied to brand strength and fan engagement. Article Title
• Negative Sentiment: Other race recaps said Ferrari suffered a setback in Austria, with Charles Leclerc’s drop from P2 to P8 highlighting fragile race pace. That kind of on-track underperformance may weigh on near-term sentiment toward the Ferrari brand. Article Title

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.