Thornburg Investment Management Inc. Trims Stake in Ferrari N.V. $RACE

Thornburg Investment Management Inc. cut its holdings in Ferrari N.V. (NYSE:RACE) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,745 shares of the company’s stock after selling 16,297 shares during the period. Thornburg Investment Management Inc.’s holdings in Ferrari were worth $29,688,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. HighTower Advisors LLC increased its stake in shares of Ferrari by 94.4% in the fourth quarter. HighTower Advisors LLC now owns 25,068 shares of the company’s stock worth $9,284,000 after purchasing an additional 12,175 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Ferrari by 3.9% in the fourth quarter. Deutsche Bank AG now owns 973,583 shares of the company’s stock worth $359,797,000 after acquiring an additional 36,670 shares during the period. Biglari Sardar purchased a new stake in shares of Ferrari during the second quarter worth about $20,997,156. USS Investment Management Ltd grew its position in shares of Ferrari by 902.0% during the first quarter. USS Investment Management Ltd now owns 229,353 shares of the company’s stock worth $76,588,000 after purchasing an additional 206,463 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Ferrari by 15.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,539 shares of the company’s stock valued at $13,503,000 after purchasing an additional 4,868 shares during the period.

Ferrari Price Performance

Shares of RACE stock opened at $420.86 on Friday. The stock has a 50 day moving average price of $390.23 and a 200 day moving average price of $363.15. Ferrari N.V. has a 52-week low of $312.51 and a 52-week high of $504.49. 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 firm has a market capitalization of $98.46 billion, a P/E ratio of 39.07, a P/E/G ratio of 3.62 and a beta of 0.91.

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

More Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari is reportedly preparing to introduce its upgraded ADUO F1 power unit at the Italian Grand Prix in Monza. A successful upgrade could improve Ferrari’s competitiveness, generate valuable publicity and support the brand’s marketing platform. Ferrari makes crucial upgraded F1 engine decision for Italian GP Ferrari ready to fire up ADUO engine upgrade at Monza
• Positive Sentiment: Ferrari unveiled special Michael Schumacher-inspired race suits and a commemorative livery for its home race at Monza, with Lewis Hamilton expected to participate in the tribute. The initiative reinforces Ferrari’s heritage and fan engagement, potentially supporting its premium-brand appeal and merchandise exposure. Ferrari unveils Michael Schumacher race suits for F1 Italian GP
• Positive Sentiment: An American billionaire reportedly paid $40 million for Ferrari’s first Luce electric vehicle, far above its estimated $1.1 million presale price. Although the tax savings benefit the buyer rather than Ferrari directly, the transaction highlights exceptional pricing power, exclusivity and demand for Ferrari’s limited-production vehicles. American billionaire bought the first Ferrari Luce
• Neutral Sentiment: Ferrari’s Formula 1 leadership identified performance goals after reportedly strong pace at Zandvoort, while a new active-bodywork patent points to possible future hypercar innovation. These developments support the long-term brand narrative but have no confirmed near-term financial impact. Ferrari’s New Active Bodywork Patent
• Negative Sentiment: A high-value Ferrari race car was reportedly involved in a track-day crash. The incident appears isolated and is unlikely to materially affect Ferrari N.V.’s earnings, though it creates limited negative publicity.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RACE shares. Wolfe Research assumed coverage on Ferrari in a report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a research note on Wednesday, July 8th. Sanford C. Bernstein raised their price target on Ferrari from $402.00 to $460.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Evercore reaffirmed an “outperform” rating and issued a $485.00 price objective on shares of Ferrari in a research note on Friday, July 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $442.00 price objective on shares of Ferrari in a report on Friday, July 31st. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ferrari currently has an average rating of “Moderate Buy” and an average target price of $477.15.

About Ferrari

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.