Ontario Teachers Pension Plan Board Acquires New Position in Ferrari N.V. $RACE

Ontario Teachers Pension Plan Board bought a new stake in Ferrari N.V. (NYSE:RACE) in the second quarter, HoldingsChannel reports. The fund bought 147,354 shares of the company’s stock, valued at approximately $54,590,000. Ferrari accounts for 0.3% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 28th biggest position.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Ferrari by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock worth $1,937,388,000 after acquiring an additional 58,506 shares in the last quarter. Amundi lifted its position in Ferrari by 11.1% in the 4th quarter. Amundi now owns 3,303,264 shares of the company’s stock valued at $1,220,754,000 after purchasing an additional 330,896 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Ferrari by 8.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,808,855 shares of the company’s stock valued at $950,657,000 after acquiring an additional 218,830 shares in the last quarter. Morgan Stanley increased its stake in Ferrari by 43.4% during the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock valued at $941,109,000 after buying an additional 771,039 shares during the period. Finally, Norges Bank bought a new stake in shares of Ferrari during the 4th quarter worth about $779,894,000.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Record $40 million Luce EV auction supports Ferrari’s exclusivity. A bespoke version of Ferrari’s first fully electric vehicle sold for $40 million at a Monterey charity auction, setting a record for a new car sold at auction. Although the proceeds are going to educational initiatives rather than Ferrari, the result demonstrates strong collector interest and supports the company’s ability to command exceptional prices. Reuters article
• Positive Sentiment: Strong classic-Ferrari auction results reinforce brand demand. Broad Arrow’s inaugural Quail Auction generated $97.4 million in sales, with multiple Ferraris achieving model-record prices, including a 2003 Enzo at $10.675 million. The results are indirect for RACE’s financials but provide evidence of sustained demand for Ferrari’s products and heritage. Broad Arrow auction results
• Positive Sentiment: Jefferies maintained its Buy rating and price targets. The broker kept a €400 target for Ferrari’s Milan-listed shares and a $435 target for the U.S.-listed stock, citing strong Monterey auction results and Ferrari’s luxury positioning. This provides a supportive analyst signal, though the cited upside is modest relative to Ferrari’s premium valuation. Jefferies backing article
• Neutral Sentiment: Ferrari recorded another DTM victory. The motorsport win adds to brand visibility and prestige, but it is unlikely to materially affect near-term revenue or earnings. Ferrari DTM victory
• Negative Sentiment: Criticism of Ferrari and Lewis Hamilton’s 2026 title campaign weighs on racing sentiment. Commentary that the team and driver have underperformed in the championship could undermine perceptions of Ferrari’s Formula 1 competitiveness, although the financial impact is limited unless poor results persist. Formula 1 title-fight criticism

Ferrari Price Performance

Shares of NYSE:RACE opened at $412.67 on Wednesday. The company’s fifty day moving average is $380.25 and its two-hundred day moving average is $358.40. The company has a market cap of $96.54 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 3.57 and a beta of 0.91. Ferrari N.V. has a 12-month low of $312.51 and a 12-month high of $504.49. The company has a quick ratio of 3.70, a current ratio of 4.85 and a debt-to-equity ratio of 0.86.

Ferrari (NYSE:RACE) last issued its earnings results on Friday, July 31st. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.83 by $0.16. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Ferrari had a return on equity of 42.83% and a net margin of 22.29%.Ferrari’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 earnings per share. Equities analysts expect that Ferrari N.V. will post 11.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on RACE. Morgan Stanley reiterated an “overweight” rating and set a $442.00 price objective on shares of Ferrari in a research note on Friday, July 31st. Citigroup reaffirmed a “neutral” rating on shares of Ferrari in a report on Monday, August 3rd. UBS Group dropped their price target on Ferrari from $497.00 to $490.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Evercore restated an “outperform” rating and set a $485.00 price objective on shares of Ferrari in a report on Friday, July 31st. Finally, Sanford C. Bernstein upped their price objective on shares of Ferrari from $402.00 to $460.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $477.15.

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.