Jupiter Asset Management Ltd. Acquires 186,207 Shares of Stellantis N.V. $STLA

Jupiter Asset Management Ltd. grew its stake in Stellantis N.V. (NYSE:STLA) by 117.6% in the 2nd quarter, Holdings Channel reports. The firm owned 344,561 shares of the company’s stock after purchasing an additional 186,207 shares during the period. Jupiter Asset Management Ltd.’s holdings in Stellantis were worth $3,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in shares of Stellantis in the 1st quarter worth approximately $368,520,000. Amundi boosted its holdings in shares of Stellantis by 6.4% in the first quarter. Amundi now owns 78,473,374 shares of the company’s stock worth $801,213,000 after buying an additional 4,708,200 shares during the last quarter. LPL Financial LLC raised its holdings in Stellantis by 32.6% in the 1st quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock worth $2,740,000 after purchasing an additional 60,097 shares during the period. Chou Associates Management Inc. lifted its position in Stellantis by 206.0% during the first quarter. Chou Associates Management Inc. now owns 1,396,388 shares of the company’s stock valued at $15,654,000 after purchasing an additional 940,000 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Stellantis by 0.8% during the first quarter. Swiss National Bank now owns 5,817,223 shares of the company’s stock valued at $64,526,000 after purchasing an additional 45,181 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Berenberg Bank upgraded shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, October 8th. BNP Paribas Exane initiated coverage on Stellantis in a report on Monday, September 8th. They set a “neutral” rating and a $10.10 price objective for the company. Finally, BNP Paribas raised shares of Stellantis to a “hold” rating in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.04.

Stellantis Price Performance

STLA stock opened at $10.62 on Friday. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $14.28. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $10.11 and a 200 day moving average of $9.91.

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.