Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 800,657 Ferrari N.V. $RACE

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Ferrari N.V. (NYSE:RACE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 800,657 shares of the company’s stock, valued at approximately $298,077,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.34% of Ferrari at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RACE. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ferrari in the 4th quarter worth about $29,000. Entrust Financial LLC acquired a new position in Ferrari during the 4th quarter valued at about $33,000. Bamco Inc. NY boosted its stake in Ferrari by 790.9% during 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. Bellevue Asset Management LLC acquired a new position in Ferrari during the 1st quarter valued at about $34,000. Finally, Horizon Investments LLC increased its holdings in Ferrari by 33.3% during the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after purchasing an additional 26 shares in the last quarter.

Ferrari Stock Performance

NYSE RACE opened at $417.17 on Tuesday. Ferrari N.V. has a 52-week low of $312.51 and a 52-week high of $504.49. The company has a 50-day simple moving average of $379.15 and a 200 day simple moving average of $357.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.70 and a current ratio of 4.85. The company has a market capitalization of $97.60 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 3.57 and a beta of 0.91.

Ferrari (NYSE:RACE) last announced its quarterly earnings data on Friday, July 31st. The company reported $2.99 EPS for the quarter, topping the consensus estimate of $2.83 by $0.16. Ferrari had a net margin of 22.29% and a return on equity of 42.83%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm posted $2.38 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, research analysts predict that Ferrari N.V. will post 11.18 EPS for the current year.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Record Ferrari auction prices reinforce brand strength. Broad Arrow’s inaugural Quail Auction generated $97.4 million in sales, with 85% of lots sold. A 2003 Ferrari Enzo sold for $10.675 million, while several modern Ferraris—including the 550 Barchetta Pininfarina, 488 Pista Spider, 812 Superfast and 550 Maranello—achieved model auction records. The results suggest sustained collector demand and support Ferrari’s pricing power and exclusivity. Broad Arrow Auctions Reports $97.4 Million in Sales at Inaugural The Quail Auction
• Positive Sentiment: Jefferies reiterated its Buy rating. The broker maintained a €400 price target for Ferrari’s Milan-listed shares and a $435 target for the U.S.-listed stock, citing strong Monterey auction results as evidence of continued strength in the luxury auto market. Ferrari gets Jefferies backing as classic car auction prices surge
• Positive Sentiment: Ferrari’s first EV generated exceptional attention. A bespoke version of the Luce, Ferrari’s first fully electric vehicle, sold for $40 million at an RM Sotheby’s charity auction—the highest reported price for a new car at auction. Proceeds will support education initiatives through the Ferrari Foundation. The sale may help validate Ferrari’s EV desirability and preserve its premium image, though it was a one-off charity transaction. Ferrari’s bespoke Luce EV one-off fetches $40 million at charity auction
• Neutral Sentiment: Performance-car coverage remains favorable but has limited financial impact. Media comparisons featuring the Ferrari 296 GTB and SF90 highlight the company’s performance credentials, but drag-race and enthusiast content is unlikely to directly affect near-term revenue or earnings.

Analysts Set New Price Targets

RACE has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating on shares of Ferrari in a report on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating and set a $442.00 price target on shares of Ferrari in a report on Friday, July 31st. Needham & Company LLC raised Ferrari to a “neutral” rating in a research report on Friday, July 31st. Wolfe Research initiated coverage on Ferrari in a research report on Tuesday, July 7th. They issued an “outperform” rating for the company. Finally, Sanford C. Bernstein raised their price objective on Ferrari from $402.00 to $460.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $477.15.

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.