Assenagon Asset Management S.A. Sells 3,950 Shares of Ferrari N.V. $RACE

Assenagon Asset Management S.A. trimmed its position in Ferrari N.V. (NYSE:RACE) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,202 shares of the company’s stock after selling 3,950 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ferrari were worth $3,438,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. raised its holdings in shares of Ferrari by 3.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 613 shares of the company’s stock worth $299,000 after acquiring an additional 22 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Ferrari by 2.2% in the second quarter. Valeo Financial Advisors LLC now owns 1,086 shares of the company’s stock valued at $532,000 after purchasing an additional 23 shares in the last quarter. Certuity LLC increased its position in Ferrari by 4.5% in the second quarter. Certuity LLC now owns 582 shares of the company’s stock worth $285,000 after purchasing an additional 25 shares during the last quarter. Wealth Alliance LLC increased its position in Ferrari by 2.0% in the third quarter. Wealth Alliance LLC now owns 1,251 shares of the company’s stock worth $607,000 after purchasing an additional 25 shares during the last quarter. Finally, Pacific Sun Financial Corp raised its stake in Ferrari by 2.5% during the third quarter. Pacific Sun Financial Corp now owns 1,008 shares of the company’s stock valued at $489,000 after purchasing an additional 25 shares in the last quarter.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Continued high‑net‑worth demand — Ferrari is flying bespoke supercars directly to Middle East buyers despite sea freight disruption, showing resilient demand in a key luxury market. Ferrari flies personalised supercars to super-rich Middle East buyers
• Positive Sentiment: Motorsport exposure and product halo — Ferrari is active in GT World Challenge events this weekend, supporting brand visibility and customer engagement among enthusiasts and buyers. Weekend preview: Ferrari set to compete in GT World Challenge America and Australia
• Positive Sentiment: Youth talent & PR — rising drivers (e.g., Ollie Bearman) publicly signalling readiness to drive for Ferrari help the brand narrative in F1 and media coverage. Ollie Bearman interview: I am ready to drive for Ferrari
• Neutral Sentiment: Technical scrutiny — independent technical reports detail SF‑26 development strategy and team dynamics; useful for assessing medium‑term F1 competitiveness but not an immediate earnings driver. F1-News.eu Releases Technical Report on Ferrari SF-26 Development Strategy and Team Dynamics
• Neutral Sentiment: Race‑tech choices explained — Ferrari opted not to run its latest F1 wing at Suzuka; technical decisions can swing short‑term results but are routine engineering calls. Why Ferrari isn’t using its ‘Macarena’ F1 wing at Japanese GP
• Neutral Sentiment: Consumer interest/engagement — viral comparisons (e.g., Corvette C8 Z06 vs Ferrari 458) keep brand in the conversation; PR value is tangible but hard to quantify for near‑term stock moves. Chevrolet Corvette C8 Z06 vs Ferrari 458 drag race
• Negative Sentiment: Geopolitical sell‑off — broader luxury‑stock weakness linked to the Iran war has hit Ferrari alongside peers, removing market multiple support and pressuring the share price. Iran war wipes out $100 billion from luxury stocks
• Negative Sentiment: Management admits F1 underperformance — chairman John Elkann’s shareholder letter concedes Ferrari’s 2025 F1 results fell short of ambitions, raising investor concern about execution and timelines for improvement. John Elkann opens up on Ferrari’s 2025 F1 struggles in candid shareholder letter
• Negative Sentiment: Negative market commentary — pundits (including Jim Cramer) note the stock “lost its mojo,” which can amplify selling in a fragile macro backdrop. Jim Cramer on Ferrari N.V.: “This Was a Very Hot Stock, and Somehow It Lost Its Mojo”

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Ferrari in a research note on Monday, December 29th. Loop Capital set a $481.67 target price on shares of Ferrari in a research report on Thursday, December 4th. Morgan Stanley set a $420.00 price target on shares of Ferrari in a report on Monday, February 16th. BNP Paribas Exane raised Ferrari to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $410.00 price objective on shares of Ferrari in a research report on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $475.61.

Ferrari Price Performance

RACE stock opened at $317.23 on Monday. The company has a current ratio of 5.70, a quick ratio of 4.38 and a debt-to-equity ratio of 0.74. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $519.10. The stock has a market cap of $74.22 billion, a PE ratio of 31.37, a P/E/G ratio of 3.10 and a beta of 0.97. The company has a 50-day moving average price of $347.43 and a 200 day moving average price of $386.18.

Ferrari Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 21st will be issued a $3.615 dividend. The ex-dividend date is Tuesday, April 21st. This is a positive change from Ferrari’s previous annual dividend of $3.13. This represents a dividend yield of 99.0%.

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.