EverSource Wealth Advisors LLC Sells 1,155 Shares of Stellantis (NYSE:STLA)

EverSource Wealth Advisors LLC trimmed its stake in shares of Stellantis (NYSE:STLA) by 20.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,413 shares of the company’s stock after selling 1,155 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Stellantis were worth $58,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in shares of Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after buying an additional 1,481 shares during the last quarter. Ruffer LLP lifted its stake in shares of Stellantis by 64.7% in the 4th quarter. Ruffer LLP now owns 1,479,686 shares of the company’s stock valued at $19,285,000 after purchasing an additional 581,386 shares during the period. Blankinship & Foster LLC purchased a new position in Stellantis during the fourth quarter valued at $135,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Stellantis during the fourth quarter valued at $1,241,000. Finally, Banco Santander S.A. raised its stake in Stellantis by 282.2% during the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock valued at $94,717,000 after buying an additional 5,359,190 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STLA has been the subject of several recent analyst reports. TD Cowen initiated coverage on Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating for the company. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.84.

Stellantis Stock Performance

NYSE:STLA opened at $12.68 on Thursday. The stock has a 50-day simple moving average of $13.04 and a two-hundred day simple moving average of $13.48. Stellantis has a 52-week low of $11.40 and a 52-week high of $29.51. The firm has a market capitalization of $38.32 billion, a PE ratio of 3.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

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.