Forsta AP Fonden Acquires 97,706 Shares of Stellantis N.V. (NYSE:STLA)

Key Points

• Forsta AP Fonden has significantly increased its stake in Stellantis N.V. by 68.7%, acquiring an additional 97,706 shares, bringing its total holdings to 239,996 shares worth approximately $2.69 million.
• Institutional investors own 59.48% of Stellantis' shares, indicating strong institutional interest in the company as other firms also made substantial changes to their positions.
• Recent analyst actions include downgrades from multiple firms, with Bank of America reducing its price target for Stellantis from $16.50 to $11.75, reflecting a cautious outlook on the stock.

Forsta AP Fonden lifted its holdings in Stellantis N.V. (NYSE:STLA - Free Report) by 68.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,996 shares of the company's stock after buying an additional 97,706 shares during the period. Forsta AP Fonden's holdings in Stellantis were worth $2,690,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis in the 4th quarter worth about $29,000. GAMMA Investing LLC increased its holdings in shares of Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after buying an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after buying an additional 1,167 shares during the last quarter. Harbour Investments Inc. grew its holdings in Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after purchasing an additional 2,200 shares during the last quarter. Finally, WealthCollab LLC grew its holdings in Stellantis by 96.5% during the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock valued at $60,000 after purchasing an additional 2,256 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Shares of STLA stock opened at $9.36 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The company has a market capitalization of $28.28 billion, a P/E ratio of 2.74, a P/E/G ratio of 0.56 and a beta of 1.45. The company's 50-day simple moving average is $9.70 and its two-hundred day simple moving average is $10.77. Stellantis N.V. has a one year low of $8.39 and a one year high of $16.92.

Analysts Set New Price Targets

Several equities analysts recently commented on STLA shares. Bank of America downgraded shares of Stellantis from a "buy" rating to a "neutral" rating and cut their price target for the company from $16.50 to $11.75 in a report on Monday, July 7th. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Finally, Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. 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 stock. Based on data from MarketBeat.com, the stock currently 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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