Envestnet Asset Management Inc. Buys 57,750 Shares of Stellantis N.V. (NYSE:STLA)

Key Points

• Envestnet Asset Management Inc. increased its stake in Stellantis N.V. by 117.9%, acquiring an additional 57,750 shares to own a total of 106,736 shares valued at approximately $1,194,000.
• Several institutional investors made significant adjustments to their holdings, including GAMMA Investing LLC, which raised its stake by 422.3%, acquiring a total of 3,139 shares.
• Analysts have mixed ratings on Stellantis, with one upgrade from a "strong sell" to "hold," and a consensus rating of "Hold" with a price target of $12.74.

Envestnet Asset Management Inc. raised its stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 117.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,736 shares of the company's stock after purchasing an additional 57,750 shares during the period. Envestnet Asset Management Inc.'s holdings in Stellantis were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Mpwm Advisory Solutions LLC purchased a new position in shares of Stellantis during the 4th quarter worth about $29,000. GAMMA Investing LLC lifted its stake in Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after purchasing an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 buying an additional 1,167 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Stellantis during the fourth quarter valued at approximately $47,000. Finally, WealthCollab LLC raised its holdings in shares of Stellantis by 96.5% in the fourth 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 period. 59.48% of the stock is owned by institutional investors.

Stellantis Price Performance

STLA opened at $8.79 on Friday. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 2.58, a PEG ratio of 0.40 and a beta of 1.45. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $16.92. The business's fifty day simple moving average is $9.83 and its 200-day simple moving average is $10.96.

Analysts Set New Price Targets

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

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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