Groupe la Francaise Sells 289,123 Shares of Stellantis N.V. $STLA

Key Points

• Groupe la Francaise reduced its Stellantis stake by 6.6%, selling 289,123 shares in the second quarter and retaining 4.10 million shares worth approximately $23.1 million.
• Stellantis shares opened at $5.56, near their 52-week low of $5.05 and well below the $12.22 high; institutional investors own 59.48% of the stock.
• Analyst sentiment is cautious, with a consensus rating of “Reduce” and an average price target of $8.66, despite quarterly revenue of $49.63 billion and earnings of $0.14 per share.

Groupe la Francaise lowered its stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,098,710 shares of the company's stock after selling 289,123 shares during the quarter. Groupe la Francaise owned 0.11% of Stellantis worth $23,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in STLA. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company's stock valued at $36,000 after acquiring an additional 1,755 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in Stellantis during the fourth quarter worth about $49,000. Sarver Vrooman Wealth Advisors bought a new stake in Stellantis during the fourth quarter worth about $52,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Stellantis by 63.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company's stock worth $63,000 after purchasing an additional 2,448 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Stellantis by 60.0% in the 4th quarter. Parallel Advisors LLC now owns 7,198 shares of the company's stock worth $78,000 after purchasing an additional 2,699 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Price Performance

Shares of Stellantis stock opened at $5.56 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The business's 50 day simple moving average is $5.57 and its two-hundred day simple moving average is $6.72. The stock has a market capitalization of $20.93 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 0.32 and a beta of 1.44. Stellantis N.V. has a one year low of $5.05 and a one year high of $12.22.

Stellantis (NYSE:STLA - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $49.63 billion for the quarter. Analysts forecast that Stellantis N.V. will post 0.61 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Citigroup reissued a "neutral" rating on shares of Stellantis in a report on Thursday, July 9th. HSBC lowered Stellantis from a "hold" rating to a "reduce" rating in a research note on Friday, July 3rd. Truist Financial set a $9.00 price target on shares of Stellantis in a research note on Friday, May 22nd. Piper Sandler lowered shares of Stellantis from an "overweight" rating to an "underweight" rating and set a $4.00 price objective for the company. in a report on Monday, July 27th. Finally, Evercore set a $7.50 price objective on shares of Stellantis in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $8.66.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.

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