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

Exane Asset Management boosted its position in Stellantis N.V. (NYSE:STLA - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of STLA. Orion Portfolio Solutions LLC lifted its stake in Stellantis by 7.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after acquiring an additional 1,149 shares during the period. Farther Finance Advisors LLC lifted its stake in Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after acquiring an additional 1,167 shares during the period. Glenorchy Capital Ltd lifted its stake in Stellantis by 4.9% in the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after acquiring an additional 1,340 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Stellantis by 10.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock worth $212,000 after acquiring an additional 1,481 shares during the period. Finally, Vise Technologies Inc. lifted its stake in Stellantis by 5.0% in the fourth quarter. Vise Technologies Inc. now owns 41,395 shares of the company's stock worth $540,000 after acquiring an additional 1,965 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

Analysts Set New Price Targets

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

Stellantis Stock Down 3.4%

Shares of Stellantis stock traded down $0.36 during trading on Friday, hitting $10.02. The company's stock had a trading volume of 15,492,304 shares, compared to its average volume of 12,798,047. The company has a market capitalization of $30.28 billion, a PE ratio of 2.94, a P/E/G ratio of 0.40 and a beta of 1.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.09. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $21.05. The company has a fifty day simple moving average of $10.06 and a two-hundred day simple moving average of $11.33.

Stellantis Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%.

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.