5,365,212 Shares in Stellantis N.V. $STLA Bought by Groupe la Francaise

Key Points

• Groupe la Francaise acquired 5,365,212 shares of Stellantis N.V., valued at approximately $62 million, now making Stellantis 1.3% of its investment portfolio.
• Institutional investors collectively own 59.48% of Stellantis, with several hedge funds increasing their stakes significantly during recent quarters.
• Stellantis shares opened at $10.10 and the stock currently has a consensus rating of "Hold" with an average target price of $12.74.

Groupe la Francaise purchased a new position in Stellantis N.V. (NYSE:STLA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,365,212 shares of the company's stock, valued at approximately $62,123,000. Stellantis accounts for 1.3% of Groupe la Francaise's investment portfolio, making the stock its 20th largest position. Groupe la Francaise owned approximately 0.18% of Stellantis as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of Stellantis during the fourth quarter valued at about $29,000. GAMMA Investing LLC boosted its stake in shares of Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 valued at $37,000 after purchasing an additional 1,167 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Stellantis by 136.5% during the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after purchasing an additional 2,200 shares in the last quarter. Finally, WealthCollab LLC boosted its stake in shares of Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock valued at $60,000 after purchasing an additional 2,256 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on STLA shares. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.74.

Stellantis Trading Up 4.8%

Shares of STLA stock opened at $10.1050 on Friday. The company has a market cap of $30.55 billion, a P/E ratio of 2.96, a PEG ratio of 0.57 and a beta of 1.45. The stock has a 50 day simple moving average of $9.67 and a two-hundred day simple moving average of $10.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $16.92.

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.

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