Jefferies Financial Group Inc. Sells 281,466 Shares of Stellantis N.V. (NYSE:STLA)

Key Points

• Jefferies Financial Group Inc. has significantly reduced its holdings in Stellantis N.V. by 54.3%, now owning 236,878 shares valued at approximately $2.635 million.
• Several other institutional investors have adjusted their positions in Stellantis, with Harbour Investments Inc. increasing its stake by 136.5% during the same period.
• Wall Street analysts have been cautious about Stellantis, with multiple downgrades leading to an average rating of "Hold" and a revised consensus target price of $12.74.

Jefferies Financial Group Inc. reduced its stake in Stellantis N.V. (NYSE:STLA - Free Report) by 54.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,878 shares of the company's stock after selling 281,466 shares during the period. Jefferies Financial Group Inc.'s holdings in Stellantis were worth $2,635,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bridgewater Associates LP bought a new position in Stellantis in the fourth quarter worth about $999,000. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Stellantis by 3.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,529,083 shares of the company's stock valued at $59,045,000 after purchasing an additional 162,201 shares in the last quarter. Michels Family Financial LLC bought a new position in shares of Stellantis during the fourth quarter valued at approximately $375,000. Kedalion Capital Management LLP bought a new position in shares of Stellantis during the first quarter valued at approximately $5,553,000. Finally, Northern Trust Corp increased its stake in shares of Stellantis by 61.9% during the fourth quarter. Northern Trust Corp now owns 1,461,793 shares of the company's stock valued at $19,076,000 after purchasing an additional 558,758 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Price Performance

Shares of Stellantis stock traded down $0.03 during trading hours on Tuesday, reaching $8.72. The company's stock had a trading volume of 1,359,154 shares, compared to its average volume of 18,007,273. The firm has a 50 day moving average price of $9.81 and a 200-day moving average price of $10.91. Stellantis N.V. has a one year low of $8.39 and a one year high of $16.92. 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 stock has a market cap of $26.35 billion, a P/E ratio of 2.56, a P/E/G ratio of 0.45 and a beta of 1.45.

Analyst Ratings Changes

A number of equities research analysts have recently commented on STLA shares. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and increased their price target for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. Bank of America cut shares of Stellantis from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.74.

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.