Integrated Wealth Concepts LLC Sells 99,589 Shares of Stellantis N.V. $STLA

Integrated Wealth Concepts LLC reduced its stake in Stellantis N.V. (NYSE:STLA - Free Report) by 26.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,179 shares of the company's stock after selling 99,589 shares during the period. Integrated Wealth Concepts LLC's holdings in Stellantis were worth $3,085,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Stellantis by 208.0% in the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock worth $1,069,067,000 after acquiring an additional 64,406,866 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Stellantis by 3.3% in the first quarter. Vanguard Group Inc. now owns 87,342,145 shares of the company's stock worth $979,629,000 after acquiring an additional 2,791,016 shares during the period. Amundi boosted its holdings in shares of Stellantis by 6.4% in the first quarter. Amundi now owns 78,473,374 shares of the company's stock worth $801,213,000 after acquiring an additional 4,708,200 shares during the period. Deutsche Bank AG bought a new position in shares of Stellantis in the first quarter worth $368,520,000. Finally, Canada Pension Plan Investment Board boosted its stake in Stellantis by 6.2% during the first quarter. Canada Pension Plan Investment Board now owns 15,131,049 shares of the company's stock valued at $168,031,000 after buying an additional 885,749 shares during the period. 59.48% of the stock is owned by institutional investors.

Stellantis Trading Down 1.5%

Shares of STLA stock opened at $8.95 on Tuesday. 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 business has a 50-day moving average price of $9.61 and a two-hundred day moving average price of $10.23. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $16.29. The firm has a market cap of $27.05 billion, a P/E ratio of 2.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.46.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STLA. Zacks Research lowered Stellantis from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $16.50 to $11.75 in a research note on Monday, July 7th. BNP Paribas Exane began coverage on Stellantis in a research note on Monday. They set a "neutral" rating and a $10.10 price objective for the company. Finally, Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and lifted their price objective for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $12.21.

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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