Edmond DE Rothschild Holding S.A. Purchases 674,832 Shares of Stellantis (NYSE:STLA)

Edmond DE Rothschild Holding S.A. boosted its position in Stellantis (NYSE:STLA) by 45.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,156,410 shares of the company’s stock after buying an additional 674,832 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Stellantis were worth $28,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its position in shares of Stellantis by 59.7% during the 3rd quarter. Cerity Partners LLC now owns 79,737 shares of the company’s stock worth $1,120,000 after purchasing an additional 29,797 shares in the last quarter. FMR LLC raised its holdings in Stellantis by 4.9% in the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after acquiring an additional 145,583 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Stellantis by 436.3% during the 3rd quarter. Verition Fund Management LLC now owns 281,765 shares of the company’s stock valued at $3,959,000 after acquiring an additional 229,229 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Stellantis by 23.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,822,960 shares of the company’s stock worth $39,125,000 after purchasing an additional 531,340 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in shares of Stellantis by 28.0% in the third quarter. Integrated Wealth Concepts LLC now owns 282,092 shares of the company’s stock worth $3,963,000 after purchasing an additional 61,738 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on STLA. Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Finally, TD Cowen started coverage on Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 target price for the company. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.27.

Stellantis Stock Down 4.0 %

Shares of NYSE STLA opened at $11.34 on Monday. The company has a 50 day simple moving average of $12.95 and a 200 day simple moving average of $13.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 1 year low of $10.91 and a 1 year high of $28.49. The firm has a market cap of $34.27 billion, a PE ratio of 3.32 and a beta of 1.64.

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.