Goldman Sachs Group Inc. Has $1.07 Billion Stake in Stellantis N.V. (NYSE:STLA)

Key Points

• Goldman Sachs Group Inc. increased its stake in Stellantis N.V. by 208.0%, acquiring over 64 million shares and owning approximately 3.15% of the company valued at over $1 billion.
• Other institutional investors significantly raised their holdings and collectively own 59.48% of Stellantis, indicating strong interest from the investment community.
• Analyst ratings on Stellantis vary, with a current consensus of "Hold" and mixed price target adjustments, reflecting differing outlooks on the company's performance.

Goldman Sachs Group Inc. raised its position in Stellantis N.V. (NYSE:STLA - Free Report) by 208.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,367,261 shares of the company's stock after purchasing an additional 64,406,866 shares during the quarter. Goldman Sachs Group Inc. owned 3.15% of Stellantis worth $1,069,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Stellantis in the 4th quarter valued at about $29,000. GAMMA Investing LLC boosted its stake in shares of Stellantis by 422.3% during 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 boosted its stake in shares of Stellantis by 54.5% during 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. boosted its stake in shares of Stellantis by 136.5% during the 1st 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 boosted its stake in shares of Stellantis by 96.5% during the 4th 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. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Stock Performance

Shares of NYSE STLA traded up $0.20 during mid-day trading on Friday, reaching $9.42. 12,906,952 shares of the company were exchanged, compared to its average volume of 27,282,780. The company's 50-day simple moving average is $9.71 and its 200-day simple moving average is $10.83. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $28.48 billion, a P/E ratio of 2.76, a P/E/G ratio of 0.55 and a beta of 1.45. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $16.92.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Jefferies Financial Group upgraded shares of 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 research note on Wednesday, June 25th. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. One 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. According to MarketBeat.com, Stellantis currently has a consensus rating of "Hold" and a consensus target price 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.