Swiss National Bank raised its holdings in Stellantis N.V. (NYSE:STLA – Free Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,817,223 shares of the company’s stock after acquiring an additional 45,181 shares during the quarter. Swiss National Bank owned approximately 0.19% of Stellantis worth $64,526,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STLA. Farther Finance Advisors LLC increased its position in shares of Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock worth $37,000 after buying an additional 1,167 shares during the period. Ballentine Partners LLC increased its position in shares of Stellantis by 8.0% during the first quarter. Ballentine Partners LLC now owns 17,792 shares of the company’s stock worth $199,000 after buying an additional 1,317 shares during the period. Glenorchy Capital Ltd increased its position in shares of Stellantis by 4.9% during the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company’s stock worth $375,000 after buying an additional 1,340 shares during the period. Vise Technologies Inc. increased its position in shares of Stellantis by 5.0% during the fourth quarter. Vise Technologies Inc. now owns 41,395 shares of the company’s stock worth $540,000 after buying an additional 1,965 shares during the period. Finally, Harbour Investments Inc. increased its position in shares of 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 buying an additional 2,200 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently weighed in on STLA. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Bank of America lowered shares of Stellantis from a “buy” rating to a “neutral” rating and cut their target price for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Redburn Atlantic lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Wolfe Research lowered shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, July 2nd. Finally, Jefferies Financial Group raised shares of Stellantis from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and a consensus target price of $12.74.
Stellantis Stock Up 2.2%
Shares of NYSE STLA opened at $9.42 on Monday. The stock has a market capitalization of $28.48 billion, a P/E ratio of 2.76, a P/E/G ratio of 0.56 and a beta of 1.45. The company has a 50-day moving average price of $9.71 and a 200-day moving average price of $10.80. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $16.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.
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.
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