Interval Partners LP Cuts Position in Ferrari N.V. $RACE

Interval Partners LP lessened its position in shares of Ferrari N.V. (NYSE:RACE) by 36.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,912 shares of the company’s stock after selling 48,561 shares during the quarter. Interval Partners LP’s holdings in Ferrari were worth $31,011,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Ferrari in the 4th quarter valued at approximately $29,000. Community Bank N.A. bought a new stake in shares of Ferrari in the 3rd quarter valued at approximately $33,000. Entrust Financial LLC bought a new stake in shares of Ferrari in the 4th quarter valued at approximately $33,000. Bamco Inc. NY lifted its stake in shares of Ferrari by 790.9% in the 4th quarter. Bamco Inc. NY now owns 98 shares of the company’s stock valued at $36,000 after purchasing an additional 87 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in shares of Ferrari by 70.0% in the 4th quarter. CoreCap Advisors LLC now owns 102 shares of the company’s stock valued at $38,000 after purchasing an additional 42 shares during the last quarter.

Key Stories Impacting Ferrari

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised Ferrari from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $388.00 to $438.00 in a research note on Monday. UBS Group lowered their price objective on Ferrari from $555.00 to $483.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price objective on Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $470.70.

Ferrari Trading Down 3.3%

RACE opened at $354.15 on Thursday. The stock’s fifty day moving average is $347.01 and its two-hundred day moving average is $353.53. The company has a market capitalization of $82.85 billion, a P/E ratio of 33.98, a PEG ratio of 3.49 and a beta of 0.93. Ferrari N.V. has a 52 week low of $312.51 and a 52 week high of $519.10. 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 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.