Stellantis N.V. $STLA Shares Purchased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC increased its holdings in shares of Stellantis N.V. (NYSE:STLA) by 42.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,697 shares of the company’s stock after acquiring an additional 18,659 shares during the period. Strengthening Families & Communities LLC’s holdings in Stellantis were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of STLA. GAMMA Investing LLC grew its position in shares of Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock valued at $35,000 after acquiring an additional 2,538 shares during the period. SVB Wealth LLC purchased a new position in Stellantis in the 1st quarter valued at about $35,000. Farther Finance Advisors LLC lifted its stake in Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock valued at $37,000 after buying an additional 1,167 shares in the last quarter. Harbour Investments Inc. lifted its stake in Stellantis by 136.5% in the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after buying an additional 2,200 shares in the last quarter. Finally, Plancorp LLC purchased a new position in Stellantis in the 2nd quarter valued at about $100,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STLA shares. BNP Paribas Exane started coverage on shares of Stellantis in a research note on Monday, September 8th. They issued a “neutral” rating and a $10.10 price target on the stock. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Bank of America lowered shares of Stellantis from a “buy” rating to a “neutral” rating and decreased their price target for the company from $16.50 to $11.75 in a research note on Monday, July 7th. BNP Paribas raised shares of Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Finally, Wolfe Research lowered shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus price target of $12.04.

Stellantis Trading Down 7.2%

STLA opened at $9.83 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The company’s 50 day simple moving average is $9.64 and its two-hundred day simple moving average is $9.80. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $14.28. The firm has a market capitalization of $29.72 billion, a price-to-earnings ratio of 2.88, a price-to-earnings-growth ratio of 0.67 and a beta of 1.52.

Stellantis Company Profile

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.