Stellantis N.V. $STLA Stake Reduced by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in Stellantis N.V. (NYSE:STLA) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,978,909 shares of the company’s stock after selling 215,574 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Stellantis were worth $172,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of STLA. GAMMA Investing LLC grew its stake in shares of Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Stellantis in the first quarter worth $35,000. Farther Finance Advisors LLC grew its stake in shares of Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock worth $37,000 after purchasing an additional 1,167 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Stellantis by 136.5% in the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Plancorp LLC bought a new position in shares of Stellantis in the second quarter worth $100,000. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

STLA has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on Stellantis in a research note on Monday, September 8th. They issued a “neutral” rating and a $10.10 price target for the company. Berenberg Bank raised Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target for the company in a research note on Friday, September 19th. Wolfe Research cut Stellantis from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, July 2nd. Jefferies Financial Group raised Stellantis from a “hold” rating to a “buy” rating and raised their target price for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, BNP Paribas raised Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Stellantis currently has an average rating of “Hold” and a consensus price target of $12.04.

Stellantis Trading Up 1.2%

Shares of STLA stock opened at $10.69 on Tuesday. The stock has a 50-day simple moving average of $9.78 and a 200 day simple moving average of $9.75. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $14.28. The stock has a market capitalization of $32.32 billion, a P/E ratio of 3.13, a P/E/G ratio of 0.73 and a beta of 1.52. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

Stellantis 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.