Chou Associates Management Inc. Acquires 940,000 Shares of Stellantis N.V. $STLA

Key Points

• Chou Associates Management Inc. significantly increased its holdings in Stellantis N.V. by 206.0%, now owning 1,396,388 shares, which constitutes 8.5% of its portfolio.
• Other institutional investors, including Goldman Sachs and HSBC Holdings, also increased their stakes in Stellantis, reflecting a growing confidence in the company.
• Stellantis has experienced recent downgrades in analyst ratings, with Wolfe Research and Zacks lowering their assessments, while Jefferies Financial Group upgraded its rating.

Chou Associates Management Inc. increased its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 206.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,396,388 shares of the company's stock after acquiring an additional 940,000 shares during the period. Stellantis makes up approximately 8.5% of Chou Associates Management Inc.'s portfolio, making the stock its 3rd biggest holding. Chou Associates Management Inc.'s holdings in Stellantis were worth $15,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STLA. Goldman Sachs Group Inc. grew its holdings in Stellantis by 208.0% during the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock worth $1,069,067,000 after acquiring an additional 64,406,866 shares during the period. Deutsche Bank AG acquired a new position in Stellantis during the first quarter worth $368,520,000. Hsbc Holdings PLC grew its holdings in Stellantis by 318.6% during the first quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company's stock worth $130,893,000 after acquiring an additional 8,987,548 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Stellantis during the fourth quarter worth $93,779,000. Finally, Groupe la Francaise acquired a new position in Stellantis during the first quarter worth $62,123,000. Institutional investors and hedge funds own 59.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Zacks Research downgraded Stellantis from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and boosted their target price for the stock from $10.25 to $13.20 in a research report on Wednesday, June 25th. Finally, Bank of America downgraded Stellantis from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Stellantis has a consensus rating of "Reduce" and a consensus price target of $12.74.

Stellantis Stock Down 2.9%

Shares of NYSE:STLA opened at $9.14 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a 52-week low of $8.39 and a 52-week high of $16.29. The stock's fifty day simple moving average is $9.67 and its 200-day simple moving average is $10.39. The company has a market capitalization of $27.62 billion, a P/E ratio of 2.68, a P/E/G ratio of 0.57 and a beta of 1.46.

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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