Jump Financial LLC Buys Shares of 425,979 Stellantis N.V. $STLA

Key Points

• Jump Financial LLC has acquired 425,979 shares of Stellantis N.V., valued at approximately $4.775 million, as per its recent SEC filing.
• Institutional ownership of Stellantis has reached 59.48%, with significant stakes bought by Deutsche Bank AG and Jupiter Asset Management Ltd. during the first quarter.
• The stock currently has a consensus rating of "Hold" with a price target of $12.74, reflecting various recent analyst ratings changes.

Jump Financial LLC acquired a new stake in Stellantis N.V. (NYSE:STLA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 425,979 shares of the company's stock, valued at approximately $4,775,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SVB Wealth LLC acquired a new stake in shares of Stellantis during the 1st quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. grew its stake in Stellantis by 15.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 57,612 shares of the company's stock worth $646,000 after acquiring an additional 7,498 shares during the period. Groupe la Francaise purchased a new stake in shares of Stellantis during the 1st quarter valued at $62,123,000. 1832 Asset Management L.P. grew its stake in shares of Stellantis by 13.3% during the 1st quarter. 1832 Asset Management L.P. now owns 267,758 shares of the company's stock valued at $3,002,000 after buying an additional 31,381 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Stellantis by 318.6% during the 1st quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company's stock valued at $130,893,000 after buying an additional 8,987,548 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Price Performance

NYSE:STLA traded up $0.13 during trading hours on Thursday, reaching $9.65. 10,596,639 shares of the company's stock were exchanged, compared to its average volume of 12,743,902. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $16.91. 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 company has a market capitalization of $29.16 billion, a P/E ratio of 2.83, a price-to-earnings-growth ratio of 0.57 and a beta of 1.45. The business's 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $10.50.

Analyst Ratings Changes

STLA has been the subject of a number of research reports. Bank of America cut shares of Stellantis from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and upped their target price for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, Zacks Research lowered shares of Stellantis from a "hold" rating to a "strong sell" rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Stellantis has a consensus rating of "Reduce" and an average target price of $12.74.

Stellantis Company 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.