Exane Asset Management Has $14.40 Million Position in Stellantis N.V. (NYSE:STLA)

Exane Asset Management boosted its stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 22.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,297,771 shares of the company's stock after buying an additional 241,642 shares during the quarter. Stellantis makes up approximately 8.2% of Exane Asset Management's portfolio, making the stock its 5th biggest position. Exane Asset Management's holdings in Stellantis were worth $14,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Stellantis during the 4th quarter worth approximately $609,076,000. Marshall Wace LLP raised its stake in Stellantis by 72,446.0% during the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock worth $226,899,000 after buying an additional 17,376,176 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Stellantis during the 4th quarter worth approximately $93,779,000. Capital Research Global Investors raised its stake in Stellantis by 306.9% during the 4th quarter. Capital Research Global Investors now owns 6,905,990 shares of the company's stock worth $90,636,000 after buying an additional 5,208,889 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in Stellantis during the 4th quarter worth approximately $62,769,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STLA has been the subject of a number of recent research reports. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. One equities 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.74.

Stellantis Stock Performance

Shares of STLA stock traded up $0.16 during trading on Wednesday, hitting $10.27. The company's stock had a trading volume of 22,737,142 shares, compared to its average volume of 12,687,000. The company has a market cap of $31.05 billion, a PE ratio of 3.01, a P/E/G ratio of 0.45 and a beta of 1.44. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $10.04 and a 200-day moving average of $11.35. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $21.05.

Stellantis Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were issued a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date was Wednesday, April 23rd.

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.