Global Endowment Management LP Sells 26,220 Shares of Stellantis N.V. (NYSE:STLA)

Key Points

• Global Endowment Management LP has decreased its stake in Stellantis N.V. by 54.1%, selling 26,220 shares and now holding 22,233 shares worth $249,000.
• Several institutional investors have recently altered their positions in Stellantis, with changes including MPWM Advisory Solutions purchasing new shares and GAMMA Investing LLC significantly increasing its position by 422.3%.
• Analyst ratings for Stellantis are mixed; Wolfe Research downgraded the stock to "underperform," while Jefferies upgraded it to "buy" with a target price increase to $13.20.

Global Endowment Management LP reduced its position in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 54.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,233 shares of the company's stock after selling 26,220 shares during the period. Global Endowment Management LP's holdings in Stellantis were worth $249,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

STLA has been the subject of a number of research analyst reports. Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and raised their price objective for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Finally, Bank of America downgraded shares of Stellantis from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $16.50 to $11.75 in a report on Monday, July 7th. 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. According to MarketBeat.com, Stellantis presently has a consensus rating of "Hold" and a consensus price target of $12.74.

Stellantis Price Performance

Shares of NYSE:STLA opened at $9.81 on Friday. The company has a 50 day moving average of $9.69 and a 200 day moving average of $10.70. The stock has a market cap of $29.66 billion, a P/E ratio of 2.88, a P/E/G ratio of 0.58 and a beta of 1.45. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $16.92. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37.

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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