Caitong International Asset Management Co. Ltd Makes New $74,000 Investment in Stellantis N.V. $STLA

Caitong International Asset Management Co. Ltd acquired a new position in shares of Stellantis N.V. (NYSE:STLA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,328 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors have also recently bought and sold shares of STLA. FNY Investment Advisers LLC acquired a new position in Stellantis during the second quarter worth $28,000. GAMMA Investing LLC raised its holdings in Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after buying an additional 2,538 shares during the last quarter. SVB Wealth LLC acquired a new position in Stellantis during the first quarter worth $35,000. Harbour Investments Inc. raised its holdings in Stellantis by 136.5% during the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after buying an additional 2,200 shares during the last quarter. Finally, Plancorp LLC acquired a new position in Stellantis during the second quarter worth $100,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on STLA. BNP Paribas Exane started coverage on Stellantis in a research note on Monday, September 8th. They set a “neutral” rating and a $10.10 price objective on the stock. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a report on Friday, September 19th. Bank of America downgraded shares of Stellantis from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.50 to $11.75 in a report on Monday, July 7th. Wolfe Research downgraded shares of Stellantis from a “peer perform” rating to an “underperform” rating in a report on Wednesday, July 2nd. Finally, BNP Paribas raised shares of Stellantis to a “hold” rating in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.04.

Stellantis Trading Up 1.3%

Shares of Stellantis stock opened at $10.90 on Friday. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $14.28. The firm has a market cap of $32.94 billion, a PE ratio of 3.20, a P/E/G ratio of 0.74 and a beta of 1.52. The stock has a fifty day moving average price of $9.88 and a 200-day moving average price of $9.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.

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.