Jupiter Asset Management Ltd. Takes Position in Stellantis N.V. (NYSE:STLA)

Key Points

• Jupiter Asset Management Ltd. has acquired a new stake in Stellantis N.V., purchasing 158,354 shares valued at approximately $1,755,000 in the first quarter.
• Stellantis' stock has shown fluctuations, recently trading at $8.81, with a market capitalization of $26.63 billion and various analyst ratings reflecting a generally "hold" sentiment.
• Significant increases in ownership by hedge funds were noted, with Marshall Wace LLP boosting their holdings by 72,446.0% during the fourth quarter.

Jupiter Asset Management Ltd. acquired a new position in Stellantis N.V. (NYSE:STLA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 158,354 shares of the company's stock, valued at approximately $1,755,000.

A number of other institutional investors have also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in Stellantis during the fourth quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after purchasing an additional 2,538 shares during the period. Farther Finance Advisors LLC grew its stake in 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 purchasing an additional 1,167 shares during the period. Harbour Investments Inc. grew its stake 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 period. Finally, WealthCollab LLC grew its stake in Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after purchasing an additional 2,256 shares during the period. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Up 1.8%

STLA traded up $0.16 during trading on Wednesday, reaching $8.98. The stock had a trading volume of 12,452,026 shares, compared to its average volume of 28,217,716. The stock's 50 day moving average is $9.77 and its two-hundred day moving average is $10.90. 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 N.V. has a one year low of $8.39 and a one year high of $16.92.

Analysts Set New Price Targets

A number of equities research analysts have commented on STLA shares. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Bank of America downgraded Stellantis from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $16.50 to $11.75 in a research note on Monday, July 7th. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and boosted their price objective for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Stellantis presently has an average rating of "Hold" and a consensus price target of $12.74.

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.