Stellantis N.V. (NYSE:STLA) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI trimmed its stake in Stellantis N.V. (NYSE:STLA) by 49.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,847 shares of the company’s stock after selling 16,394 shares during the quarter. Strategic Investment Advisors MI’s holdings in Stellantis were worth $189,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STLA. Norges Bank acquired a new position in shares of Stellantis in the 4th quarter worth $609,076,000. Marshall Wace LLP grew its holdings in shares of Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock valued at $226,899,000 after buying an additional 17,376,176 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Stellantis during the fourth quarter valued at $93,779,000. Banco Santander S.A. grew its holdings in shares of 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 in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Stellantis by 306.9% during the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company’s stock valued at $90,636,000 after buying an additional 5,208,889 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Redburn Atlantic downgraded Stellantis from a “buy” rating to a “neutral” rating in a report on Tuesday, April 22nd. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating on the stock. Finally, Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Eleven 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 stock. Based on data from MarketBeat, Stellantis has an average rating of “Hold” and a consensus price target of $15.68.

Stellantis Price Performance

STLA opened at $9.86 on Thursday. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of 2.89 and a beta of 1.47. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $21.05. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $9.88 and a 200 day moving average price of $11.57.

Stellantis Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were given a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%.

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.