Stellantis N.V. $STLA Shares Acquired by Elgethun Capital Management

Elgethun Capital Management increased its holdings in Stellantis N.V. (NYSE:STLA) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,727 shares of the company’s stock after purchasing an additional 26,042 shares during the period. Elgethun Capital Management’s holdings in Stellantis were worth $3,438,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in STLA. FNY Investment Advisers LLC purchased a new stake in Stellantis in the 2nd quarter valued at about $28,000. SVB Wealth LLC acquired a new stake in shares of Stellantis in the first quarter worth approximately $35,000. Atlantic Union Bankshares Corp purchased a new stake in Stellantis in the second quarter valued at approximately $37,000. Harbour Investments Inc. increased its position in Stellantis by 136.5% during the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Stellantis during the second quarter worth approximately $74,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Price Performance

Shares of NYSE STLA opened at $10.32 on Thursday. The stock has a fifty day moving average price of $10.24 and a 200 day moving average price of $9.94. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $14.28.

Stellantis (NYSE:STLA) last issued its earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.32). The firm had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. On average, analysts expect that Stellantis N.V. will post 2.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STLA. BNP Paribas raised shares of Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th. BNP Paribas Exane initiated coverage on Stellantis in a research note on Monday, September 8th. They set a “neutral” rating and a $10.10 price target for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Stellantis has an average rating of “Hold” and a consensus price target of $11.75.

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.