OMERS ADMINISTRATION Corp Acquires Shares of 5,973 Ferrari N.V. $RACE

OMERS ADMINISTRATION Corp bought a new position in shares of Ferrari N.V. (NYSE:RACE) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,973 shares of the company’s stock, valued at approximately $1,989,000.

A number of other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Ferrari during the fourth quarter worth $779,894,000. Ninety One UK Ltd acquired a new stake in shares of Ferrari during the fourth quarter worth $338,785,000. Morgan Stanley lifted its position in shares of Ferrari by 43.4% in the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock worth $941,109,000 after buying an additional 771,039 shares during the last quarter. Viking Global Investors LP boosted its holdings 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 buying an additional 585,872 shares during the period. Finally, Credit Agricole S A bought a new stake in shares of Ferrari during the 3rd quarter valued at about $279,003,000.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Pre-earnings optimism: Analysts remain constructive on Ferrari’s premium product mix and resilient demand. The company has maintained its 2026 guidance and reported an order book extending toward the end of 2027, supporting confidence in upcoming results. The median recent analyst price target of $447 is above the stock’s reported trading level. Ferrari Shares Rise Ahead of Earnings on Analyst Optimism
• Positive Sentiment: Share buyback continues: Ferrari is executing the second €250 million tranche of its broader approximately €3.5 billion multi-year repurchase program, expected to run through 2030. Continued buybacks can support earnings per share and signal management’s confidence in the company’s valuation and cash generation. Ferrari N.V. Periodic Report on the Buyback Program
• Positive Sentiment: Brand engagement remains high: Ferrari’s Corse Clienti track event at Road Atlanta highlights continued customer and enthusiast engagement, supporting the brand’s luxury positioning, though the direct financial impact is likely limited. Ferrari Corse Clienti Ignites Road Atlanta with Exclusive Track Spectacle
• Neutral Sentiment: Reports that an influencer sold two Ferraris to purchase Bitcoin are anecdotal and unlikely to materially affect Ferrari N.V.’s revenue or investment outlook. Influencer sells 2 Ferraris to buy Bitcoin dip
• Negative Sentiment: Ferrari’s Formula 1 team reportedly missed a podium opportunity in Hungary. The result may weigh modestly on racing-related sentiment, but it is unlikely to change the company’s near-term financial outlook. Ferrari meltdown in Hungary

Wall Street Analyst Weigh In

RACE has been the topic of a number of recent research reports. Wolfe Research began coverage on shares of Ferrari in a report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ferrari in a research note on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a research report on Wednesday, July 8th. Finally, Morgan Stanley raised shares of Ferrari from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $388.00 to $438.00 in a report on Monday, June 15th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $471.97.

Ferrari Trading Up 2.7%

Shares of NYSE RACE opened at $390.30 on Wednesday. Ferrari N.V. has a 12 month low of $312.51 and a 12 month high of $509.82. The company has a market cap of $91.31 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 3.26 and a beta of 0.92. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $362.32 and a 200-day simple moving average of $352.47.

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.