Public Sector Pension Investment Board Increases Stock Holdings in Ferrari N.V. $RACE

Public Sector Pension Investment Board grew its stake in shares of Ferrari N.V. (NYSE:RACE) by 11.1% during the third quarter, Holdings Channel reports. The firm owned 75,839 shares of the company’s stock after purchasing an additional 7,587 shares during the period. Public Sector Pension Investment Board’s holdings in Ferrari were worth $36,678,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RACE. Groupama Asset Managment grew its position in shares of Ferrari by 24,598.5% in the 2nd quarter. Groupama Asset Managment now owns 16,073,800 shares of the company’s stock valued at $7,888,057,000 after buying an additional 16,008,720 shares during the last quarter. Norges Bank acquired a new position in Ferrari in the second quarter valued at $885,051,000. Bank of New York Mellon Corp grew its holdings in shares of Ferrari by 63.7% during the third quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock worth $1,295,907,000 after purchasing an additional 1,039,234 shares during the last quarter. Viking Global Investors LP increased its position in shares of Ferrari by 432.7% during 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 in the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of Ferrari in the 2nd quarter valued at about $109,526,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays set a $420.00 price target on Ferrari and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Loop Capital set a $481.67 price objective on Ferrari in a report on Thursday, December 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a report on Wednesday. Evercore reduced their price target on shares of Ferrari from $580.00 to $475.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ferrari in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Ferrari presently has a consensus rating of “Moderate Buy” and a consensus price target of $482.17.

Ferrari Trading Up 2.1%

NYSE:RACE opened at $391.00 on Friday. The firm has a market cap of $94.77 billion, a P/E ratio of 38.67, a PEG ratio of 3.92 and a beta of 0.99. The company has a current ratio of 4.90, a quick ratio of 3.78 and a debt-to-equity ratio of 0.76. The stock’s 50 day simple moving average is $360.62 and its 200-day simple moving average is $412.87. Ferrari N.V. has a 12-month low of $328.00 and a 12-month high of $519.10.

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Company reported growth on its recent earnings call and management gave an overall constructive outlook despite FX headwinds — supports revenue momentum and investor confidence. Ferrari NV Earnings Call: Growth Despite FX Drag
• Positive Sentiment: Market commentary highlights an upbeat outlook and strong luxury demand driving a stock bump — direct support for near-term sentiment and valuation resilience. Ferrari stock pops on upbeat outlook as luxury demand remains strong
• Positive Sentiment: Analysis notes Ferrari’s pricing power has helped absorb tariff-related pressures — implies margin durability and pricing leverage in key markets. Ferrari’s pricing power absorbs tariff turbulance
• Positive Sentiment: On-track: Ferrari posted the quickest time in Bahrain pre-season testing and rivals (Red Bull, Mercedes) faced issues — a strong F1 car can boost brand halo, marketing value and long-term demand for road cars. Ferrari fastest; Red Bull, Mercedes in trouble as Bahrain F1 test day two begins
• Positive Sentiment: Live testing reports confirm Mercedes engine trouble while Ferrari topped the timesheets — near-term competitive advantage on the track supports sentiment. F1 testing live: Mercedes encounter engine issue with Ferrari quickest
• Neutral Sentiment: Reporting notes Ferrari has not finalized a new race engineer for one of its drivers yet — an operational/people update that is noteworthy but not immediately financial. Lewis Hamilton’s new Ferrari race engineer yet to be finalized, under a month before new F1 season
• Negative Sentiment: Multiple outlets carry critical comments from Lewis Hamilton and others about an in-season change of a race engineer, calling it “detrimental” — raises risk of on-track performance disruption and potential negative publicity. Lewis Hamilton: Ferrari driver says in-season change of his race engineer will be ‘detrimental’ to performance Lewis Hamilton responds to Ferrari’s ‘detrimental’ decision that could scupper Formula 1 season Lewis Hamilton reveals ‘detrimental’ Ferrari F1 race engineer plan Lewis Hamilton slams major Ferrari change ahead of new F1 season after sweary outburst in race

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.