Dynamic Technology Lab Private Ltd Purchases New Position in Stellantis N.V. $STLA

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Stellantis N.V., purchasing 31,275 shares valued at approximately $351,000 during the first quarter.
• Stellantis shares have seen mixed analyst ratings, with one analyst rating it as a "Buy" while eleven rated it a "Hold" and two as a "Sell", resulting in an average target price of $12.21.
• As of Friday, Stellantis shares opened at $9.35, reflecting a 2.3% decrease and a year-to-date low of $8.39 compared to a high of $16.29.

Dynamic Technology Lab Private Ltd acquired a new stake in Stellantis N.V. (NYSE:STLA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,275 shares of the company's stock, valued at approximately $351,000.

A number of other institutional investors also recently bought and sold shares of STLA. Cetera Investment Advisers raised its holdings in Stellantis by 11.7% during the fourth quarter. Cetera Investment Advisers now owns 56,182 shares of the company's stock worth $734,000 after purchasing an additional 5,894 shares in the last quarter. Focus Partners Wealth purchased a new position in Stellantis in the fourth quarter valued at about $145,000. Nuveen Asset Management LLC grew its position in shares of Stellantis by 7.0% in the fourth quarter. Nuveen Asset Management LLC now owns 4,315,844 shares of the company's stock valued at $56,265,000 after purchasing an additional 280,842 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Stellantis in the fourth quarter valued at approximately $111,000. Finally, Seven Six Capital Management LLC acquired a new stake in shares of Stellantis in the fourth quarter valued at approximately $5,212,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STLA has been the topic of several research reports. BNP Paribas upgraded shares of Stellantis to a "hold" rating in a research report on Tuesday. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. Zacks Research lowered shares of Stellantis from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. BNP Paribas Exane initiated coverage on shares of Stellantis in a research report on Monday, September 8th. They issued a "neutral" rating and a $10.10 price target on the stock. Finally, Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and increased their price target for the company from $10.25 to $13.20 in a research report on Wednesday, June 25th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Stellantis currently has an average rating of "Reduce" and an average target price of $12.21.

Stellantis Stock Down 2.3%

Shares of NYSE STLA opened at $9.35 on Friday. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $16.29. The firm's 50 day moving average price is $9.52 and its 200 day moving average price is $10.15. The firm has a market cap of $28.27 billion, a P/E ratio of 2.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

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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