Alliancebernstein L.P. Grows Stock Holdings in Ferrari N.V. $RACE

Alliancebernstein L.P. boosted its stake in shares of Ferrari N.V. (NYSE:RACE) by 27.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,379,261 shares of the company’s stock after buying an additional 512,703 shares during the quarter. Alliancebernstein L.P. owned 0.98% of Ferrari worth $1,154,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of Ferrari in the 3rd quarter worth approximately $27,000. Westside Investment Management Inc. raised its holdings in Ferrari by 100.0% during the third quarter. Westside Investment Management Inc. now owns 56 shares of the company’s stock worth $27,000 after purchasing an additional 28 shares during the last quarter. Root Financial Partners LLC acquired a new position in Ferrari during the third quarter worth $28,000. Newbridge Financial Services Group Inc. purchased a new stake in Ferrari during the second quarter worth $30,000. Finally, Virtus Advisers LLC purchased a new stake in Ferrari during the second quarter worth $34,000.

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari will debut a rotating “Macarena” rear wing in China, showing aggressive aero innovation that could improve race pace if effective. Article Title
• Positive Sentiment: Multiple outlets report Ferrari experimenting with new winglets (including a halo winglet) in China — continued on-track development may provide performance upside later in the season. Article Title
• Positive Sentiment: F1 coverage includes lifestyle/brand pieces (a day in the life of a Ferrari racing driver, Leclerc features) that support Ferrari’s premium brand and fan engagement. Article Title
• Neutral Sentiment: Ferrari is sharing technical info with customer team Haas; this collaboration manages relationships but raises questions about competitive leverage. Article Title
• Neutral Sentiment: Debate continues in media and among drivers about the Ferrari vs Mercedes dynamic — mixed commentary from Hamilton and Russell frames uncertain competitive outlook. Article Title
• Negative Sentiment: High-profile criticism: Lewis Hamilton and others say Ferrari is losing significant time to Mercedes due to engine/power-unit disadvantage — a direct hit to race-winning prospects. Article Title
• Negative Sentiment: Calls from rivals and media for Ferrari to close the PU deficit increase pressure on technical and management teams; investors may worry about costly development needs or short-term underperformance. Article Title
• Negative Sentiment: Race execution questioned after Australian GP strategy reviews and comments that Ferrari’s calls “robbed” them of a better result — operational miscues can depress short-term results and sentiment. Article Title
• Negative Sentiment: Drivers and pundits accuse Ferrari of obstructing rule-change talks and failing to learn from rivals’ mistakes — governance/PR friction could weigh on brand and on-track cooperation. Article Title

Ferrari Stock Performance

Shares of NYSE:RACE opened at $332.56 on Friday. The business has a 50-day moving average of $355.52 and a two-hundred day moving average of $397.87. The firm has a market capitalization of $77.80 billion, a PE ratio of 32.89, a P/E/G ratio of 3.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.70 and a quick ratio of 4.38. Ferrari N.V. has a 12 month low of $328.00 and a 12 month high of $519.10.

Ferrari Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RACE shares. Morgan Stanley set a $420.00 price target on Ferrari in a research report on Monday, February 16th. Loop Capital set a $481.67 price objective on shares of Ferrari in a research note on Thursday, December 4th. The Goldman Sachs Group upgraded shares of Ferrari to a “strong-buy” rating in a report on Monday, November 24th. Zacks Research raised shares of Ferrari from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Oddo Bhf lowered shares of Ferrari to a “neutral” rating in a research report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $475.61.

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.