Stellantis N.V. (NYSE:STLA) Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lessened its position in Stellantis N.V. (NYSE:STLA - Free Report) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,646,573 shares of the company's stock after selling 1,564,304 shares during the quarter. AustralianSuper Pty Ltd owned 0.35% of Stellantis worth $118,484,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in Stellantis during the 4th quarter valued at $29,000. GAMMA Investing LLC grew its position in shares of Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after buying an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Stellantis by 54.5% in the 1st 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 last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Stellantis in the 4th quarter worth approximately $47,000. Finally, WealthCollab LLC grew its position in shares of Stellantis by 96.5% in the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after buying an additional 2,256 shares during the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Down 2.2%

NYSE:STLA traded down $0.21 during mid-day trading on Friday, hitting $9.20. The stock had a trading volume of 21,179,926 shares, compared to its average volume of 13,353,281. The stock has a 50-day simple moving average of $10.06 and a two-hundred day simple moving average of $11.18. The company has a market capitalization of $27.81 billion, a PE ratio of 2.70, a PEG ratio of 0.42 and a beta of 1.44. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $20.72. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and lifted their price objective for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Wolfe Research cut shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Finally, Redburn Atlantic cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Stellantis currently has an average rating of "Hold" and an average price target of $12.74.

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.