Fisher Funds Management LTD Buys Shares of 612,088 Stellantis (NYSE:STLA)

Fisher Funds Management LTD purchased a new stake in Stellantis (NYSE:STLA) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 612,088 shares of the company’s stock, valued at approximately $7,994,000.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in shares of Stellantis in the fourth quarter valued at about $26,000. Cromwell Holdings LLC lifted its holdings in shares of Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after purchasing an additional 1,036 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Stellantis in the third quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after purchasing an additional 1,211 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI started coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.34.

Stellantis Trading Down 1.2 %

STLA opened at $13.95 on Friday. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $13.13 and its 200 day simple moving average is $13.91.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.