Prospera Financial Services Inc Buys 1,192 Shares of Stellantis (NYSE:STLA)

Prospera Financial Services Inc lifted its stake in shares of Stellantis (NYSE:STLA) by 9.5% in the 3rd quarter, Holdings Channel reports. The fund owned 13,681 shares of the company’s stock after acquiring an additional 1,192 shares during the quarter. Prospera Financial Services Inc’s holdings in Stellantis were worth $192,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Caprock Group LLC bought a new position in Stellantis in the third quarter valued at $318,000. Strengthening Families & Communities LLC grew its position in Stellantis by 19.7% in the third quarter. Strengthening Families & Communities LLC now owns 30,604 shares of the company’s stock valued at $430,000 after purchasing an additional 5,031 shares in the last quarter. AM Squared Ltd bought a new position in Stellantis in the third quarter valued at $641,000. Altrius Capital Management Inc grew its position in Stellantis by 38.2% in the third quarter. Altrius Capital Management Inc now owns 495,123 shares of the company’s stock valued at $6,956,000 after purchasing an additional 136,965 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Stellantis by 12.5% in the third quarter. Empowered Funds LLC now owns 44,194 shares of the company’s stock valued at $621,000 after purchasing an additional 4,925 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

NYSE STLA opened at $13.37 on Tuesday. The firm has a 50-day moving average of $13.73 and a 200-day moving average of $17.16. 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 has a 52-week low of $12.68 and a 52-week high of $29.51.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STLA. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 target price (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Company 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.