Exane Asset Management Sells 699,546 Shares of Stellantis N.V. $STLA

Key Points

• Exane Asset Management sold 699,546 shares of Stellantis N.V., cutting its holdings by 53.9% to own 598,225 shares, valued at approximately $5.97 million.
• Stellantis received mixed ratings from analysts, with consensus being a "Hold" and a target price averaging $12.04, following changes in several ratings from different banks recently.
• Institutional investors control 59.48% of Stellantis's stock, indicating significant ownership and influence over the stock's performance.

Exane Asset Management trimmed its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 53.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,225 shares of the company's stock after selling 699,546 shares during the period. Stellantis accounts for approximately 2.5% of Exane Asset Management's holdings, making the stock its 11th largest holding. Exane Asset Management's holdings in Stellantis were worth $5,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Camelot Portfolios LLC increased its stake in shares of Stellantis by 4.4% in the second quarter. Camelot Portfolios LLC now owns 132,789 shares of the company's stock valued at $1,332,000 after buying an additional 5,572 shares in the last quarter. Signaturefd LLC grew its holdings in Stellantis by 6.8% during the 2nd quarter. Signaturefd LLC now owns 44,873 shares of the company's stock worth $450,000 after acquiring an additional 2,862 shares during the last quarter. Plancorp LLC acquired a new stake in Stellantis in the 2nd quarter valued at about $100,000. Ballentine Partners LLC raised its stake in shares of Stellantis by 79.7% in the second quarter. Ballentine Partners LLC now owns 31,981 shares of the company's stock worth $321,000 after acquiring an additional 14,189 shares during the last quarter. Finally, Accurate Wealth Management LLC lifted its position in shares of Stellantis by 39.2% during the second quarter. Accurate Wealth Management LLC now owns 64,483 shares of the company's stock worth $669,000 after purchasing an additional 18,161 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Analysts Set New Price Targets

STLA has been the subject of a number of research reports. Berenberg Bank raised shares of Stellantis from a "hold" rating to a "buy" rating and set a $11.20 price target for the company in a report on Friday, September 19th. Bank of America downgraded Stellantis from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. BNP Paribas upgraded Stellantis to a "hold" rating in a report on Tuesday, September 9th. Zacks Research lowered Stellantis from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Finally, Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and upped their target price for the company from $10.25 to $13.20 in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Stellantis currently has a consensus rating of "Hold" and a consensus target price of $12.04.

Stellantis Trading Down 1.0%

NYSE STLA opened at $9.22 on Monday. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $16.29. The stock has a 50-day simple moving average of $9.49 and a 200 day simple moving average of $9.92. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $27.87 billion, a PE ratio of 2.70, a P/E/G ratio of 0.58 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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