By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Ferrari’s (NYSE:RACE) Periodic Report on its Stock Buyback Program
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Sports > Formula One > Ferrari’s (NYSE:RACE) Periodic Report on its Stock Buyback Program
Ferrari

Ferrari’s (NYSE:RACE) Periodic Report on its Stock Buyback Program

Paul Ebeling
Last updated: November 17, 2021 7:36 am
Paul Ebeling
Share
6 Min Read
SHARE

#Ferrari

$RACE

FLASH: RACE at 263.46 +5.57 (+2.16%) Pre-Market: 07:33a EST

Maranello, Italy, November 15, 2021 – Ferrari NV (NYSE:RACE) informs that the Company has purchased, under the 5th tranche of the common share buyback program announced on October 4, 2021, additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange (MTA) as follows:



Trading
Date
(dd/mm/yyyy)


Stock Exchange


Number of common shares purchased


Average price per share
excluding fees
(€)


Consideration excluding fees
(€)
08/11/2021MTA4,355226.7537987,512.50
09/11/2021MTA11,110223.65162,484,769.80
10/11/2021MTA6,127221.01871,354,181.80
11/11/2021MTA3,289222.0721730,395.00
12/11/2021MTA660226.1494149,258.60


Total


–
25,541223.41015,706,117.70

Since the announcement of the Fifth Tranche of the buyback program dated October 4, 2021 till November 12, 2021, the total invested consideration has been:

  • Euro 28,998,527.00 for No. 148,566 common shares purchased on the MTA.

As of November 12, 2021, the Company held in treasury No. 9,921,469 common shares equal to 3.86% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.

Since January 1, 2019 until November 12, 2021, the Company has purchased a total of 4,736,143 own common shares on MTA and NYSE for a total consideration of Euro 682,420,229.24.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (http://corporate.ferrari.com/en/investors/stock-and-shareholder-corner/buyback-programs).

Attachment

  • FNV BB PR 15.11.2021 ENG

Ferrari is The Aristocrat of the automotive sector.

Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos

Our overall technical outlook is still Bullish, all Key indicators are Bullish long-term. Ferrari reported strong earnings for Q-3 on 3 November and did the same for Q-4 and F-Y 2020 as reported on 2 February.

Ferrari finished Monday at 257.89, -0.96 within its 52 wk range of 127.73 – 266.67 in NY just shy of its all time high.

Key technical indicators have turned Very Bullish across the board. The candlestick pattern indicated the confirmation of the break out at 196.01 on 3 November and confirmed.

The Key resistance is at 266.22, the Key support is at 257.12. All of our Key technical indicators are all Very Bullish in here.

Societe Generale places a Street high price target of $290 on RACE as compared to the average sell-side price target at 195.93. Most Street analysts still do not know how to view Ferrari.

Morgan Stanley called out $RACE a “sleeper” EV play as the firm can justify more than 100% of the company’s value with its ICE business. MS’s new price target of $350 reps more than 35% Northside potential for shares and is above the average analyst 1 yr target is at 200.79.

MS automotive analyst says, “Longer term, we see scope for Ferrari to offer a range of EV products at potentially higher prices than the average selling price of today’s Ferrari, while leveraging economies of scale on higher volumes.“

Note: At the beginning of Y 2020 I called RACE at 230 by year’s end, the stock was trading at 165.22 on 1 January 2020, on 29 December 2020 it marked 233.66 intraday, an all time high

The Maranello Outfit’s shares were raised to Buy from Hold at HSBC, and Buys at Morgan Stanley and Bank of America.

UBS is now calling the stock at 365. I have not seen any other Street downgrades.

Ferrari will continue to create value in the long term as it becomes the world’s 1st Super Luxury brand.

Ferrari is a quality 1st long term luxury products investment, BAML raised its call to 270 long term.

I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.

Ferrari has an average rating of Buy and a consensus target price at 186.31.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top call on the Street, and adjusting it to 250/share short term.

A number of large investors have recently bought shares of RACE, and there have been very few instances of insider selling over the past yr that we have seen. And Ferrari continues to buy back its stock in here.

The stock is considered defensive in the sector.

There is F1 racing ahead, click here for the official schedule.

Have a prosperous day, Keep the Faith!

You Might Also Like

Qatar’s Venture Capital Surge

The U.S. Dollar: Trump Cannot Save It—Buy Gold and Bitcoin

How to Protect Your Portfolio Against Global De-Dollarization

Scammers Are Ruining the World: A Growing Global Crisis

China’s Trade Pivot to Asia Amid U.S. Tariffs $BABA $PDD $LI $BIDU

TAGGED:ArisstocratBullishbuybackF1FerrariItalianMaranelloracestocksuperSupercarvalue

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   
Previous Article Optimism: This Bull Market is Set Up for its Next Leg North
Next Article Crypto and Equities Outlook in This Bull Cycle


Latest News

Catholics and Muslims in Israel: A Call for Greater Political Voice
Catholic Headline News Opinion Politics Shayne Heffernan May 11, 2025
Quo Vadis: A Defining Moment in Church History
Catholic Featured Headline News Opinion Shayne Heffernan May 7, 2025
The Papal Tiara: A Crown of Earth and Heaven
Catholic Featured Headline News Opinion Shayne Heffernan May 6, 2025
Founders Pitching and Power Networking with SEA Region Decision Markers
Featured Headline News KXCO Guide May 6, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?