Biglari Sardar Purchases 7,600 Shares of Ferrari N.V. $RACE

Biglari Sardar grew its position in Ferrari N.V. (NYSE:RACE) by 29.8% during the 4th quarter, Holdings Channel reports. The firm owned 33,100 shares of the company’s stock after purchasing an additional 7,600 shares during the quarter. Ferrari makes up about 25.3% of Biglari Sardar’s investment portfolio, making the stock its biggest position. Biglari Sardar’s holdings in Ferrari were worth $12,232,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RACE. Norges Bank acquired a new stake in shares of Ferrari in the 4th quarter valued at $779,894,000. Groupama Asset Managment boosted its stake in shares of Ferrari by 5.7% in the 3rd quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock valued at $8,244,189,000 after purchasing an additional 916,821 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of Ferrari in the 4th quarter valued at $338,785,000. Morgan Stanley boosted its stake in shares of Ferrari by 43.4% in the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock valued at $941,109,000 after purchasing an additional 771,039 shares in the last quarter. Finally, Viking Global Investors LP boosted its stake in shares of Ferrari by 432.7% in the 2nd quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock valued at $353,526,000 after purchasing an additional 585,872 shares in the last quarter.

Ferrari Stock Down 3.3%

Shares of NYSE RACE opened at $354.15 on Thursday. The firm’s 50-day simple moving average is $347.01 and its 200 day simple moving average is $353.53. The company has a market cap of $82.85 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 3.49 and a beta of 0.93. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. Ferrari N.V. has a 12-month low of $312.51 and a 12-month high of $519.10.

Analyst Ratings Changes

RACE has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Ferrari from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $388.00 to $438.00 in a research note on Monday. Sanford C. Bernstein restated an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on shares of Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. UBS Group reduced their price target on shares of Ferrari from $555.00 to $483.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ferrari in a research report on Friday, April 10th. Three 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. According to data from MarketBeat.com, Ferrari presently has an average rating of “Moderate Buy” and a consensus target price of $470.70.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari’s motorsport profile got a lift after Lewis Hamilton scored his first Formula 1 win for Ferrari, a headline that reinforces the company’s premium performance image and global visibility. Recap and reaction as Hamilton wins first grand prix for Ferrari
• Positive Sentiment: Another article argued that Hamilton’s Ferrari victory may help reset the F1 title race narrative, adding to the positive publicity around Ferrari’s racing program. Hamilton’s first Ferrari win has turned Barcelona into a title-race reset
• Positive Sentiment: Analysts maintained a “Moderate Buy” view on Ferrari, suggesting Wall Street sentiment remains constructive despite recent volatility. Ferrari N.V. (NYSE:RACE) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Coverage of Ferrari’s 499P finishing fifth at Le Mans emphasized a clean race but also noted a pace deficit, which is more of a motorsport update than a direct financial catalyst. Ferrari Satisfied With P5, Clean Race Amid 499P Pace Deficit
• Neutral Sentiment: Several drag-race and racing commentary pieces kept Ferrari in the automotive spotlight, but these are largely brand-content headlines with limited direct impact on earnings or guidance. Ferrari 458 Speciale faces Lamborghini Urus in drag race
• Negative Sentiment: One market note said the recent stock sell-off tied to “Luce” concerns may have gone too far, but the fact that the issue was raised suggests investors are still focused on valuation and risk around the name. Ferrari: Why this bank says the Luce-fueled stock sell-off has gone too far

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.