181,363 Shares in Stellantis N.V. $STLA Acquired by 111 Capital

Key Points

• 111 Capital has acquired a new position in Stellantis N.V., purchasing 181,363 shares valued at approximately $1.8 million during the second quarter.
• Several hedge funds, including Goldman Sachs and HSBC Holdings, significantly increased their holdings in Stellantis, indicating strong institutional interest in the stock.
• Equities research analysts have issued mixed ratings for Stellantis, with a consensus rating of "Reduce" and a target price of $12.04 after various upgrades and downgrades.

111 Capital purchased a new position in Stellantis N.V. (NYSE:STLA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 181,363 shares of the company's stock, valued at approximately $1,819,000.

A number of other hedge funds also recently modified their holdings of STLA. Goldman Sachs Group Inc. raised its holdings in shares of Stellantis by 208.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock worth $1,069,067,000 after purchasing an additional 64,406,866 shares during the period. Deutsche Bank AG bought a new stake in Stellantis during the 1st quarter valued at $368,520,000. Hsbc Holdings PLC raised its holdings in Stellantis by 318.6% during the 1st quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company's stock valued at $130,893,000 after acquiring an additional 8,987,548 shares during the period. Groupe la Francaise bought a new stake in Stellantis during the 1st quarter valued at $62,123,000. Finally, Nuveen LLC bought a new stake in Stellantis during the 1st quarter valued at $56,349,000. Institutional investors own 59.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and boosted their target price for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. BNP Paribas Exane assumed coverage on shares of Stellantis in a report on Monday, September 8th. They set a "neutral" rating and a $10.10 target price on the stock. Zacks Research cut shares of Stellantis from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. BNP Paribas raised shares of Stellantis to a "hold" rating in a report on Tuesday, September 9th. Finally, Wolfe Research cut shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Stellantis presently has a consensus rating of "Reduce" and a consensus price target of $12.04.

Stellantis Stock Up 3.2%

STLA opened at $10.73 on Friday. The company has a fifty day moving average price of $9.50 and a 200-day moving average price of $9.86. The firm has a market capitalization of $32.45 billion, a P/E ratio of 3.15, a price-to-earnings-growth ratio of 0.66 and a beta of 1.52. 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 $14.28.

About Stellantis

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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