Assetmark Inc. Has $5.78 Million Stock Holdings in Stellantis N.V. (NYSE:STLA)

Assetmark Inc. lessened its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 55.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 515,677 shares of the company's stock after selling 652,625 shares during the quarter. Assetmark Inc.'s holdings in Stellantis were worth $5,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Marshall Wace LLP lifted its position in shares of Stellantis by 72,446.0% in the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after buying an additional 17,376,176 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Stellantis during the 4th quarter valued at $93,779,000. Capital Research Global Investors lifted its holdings in Stellantis by 306.9% during the 4th quarter. Capital Research Global Investors now owns 6,905,990 shares of the company's stock valued at $90,636,000 after purchasing an additional 5,208,889 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Stellantis during the fourth quarter worth $62,769,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Stellantis by 24.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock valued at $185,626,000 after purchasing an additional 2,839,709 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Analyst Ratings Changes

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

Stellantis Price Performance

Shares of NYSE STLA traded down $0.19 during midday trading on Friday, reaching $8.70. The company's stock had a trading volume of 8,636,145 shares, compared to its average volume of 18,121,732. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.81 and a current ratio of 1.06. The company has a market cap of $26.29 billion, a P/E ratio of 2.55, a P/E/G ratio of 0.41 and a beta of 1.44. The business's 50 day moving average price is $9.85 and its two-hundred day moving average price is $10.99. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $16.92.

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.