Kedalion Capital Management LLP Purchases New Stake in Stellantis N.V. (NYSE:STLA)

Kedalion Capital Management LLP acquired a new stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 500,000 shares of the company's stock, valued at approximately $5,553,000. Stellantis makes up approximately 0.2% of Kedalion Capital Management LLP's portfolio, making the stock its 3rd largest position.

Other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in Stellantis during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after purchasing an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after purchasing an additional 1,167 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Stellantis during the fourth quarter valued at approximately $47,000. Finally, WealthCollab LLC lifted its position in Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock valued at $60,000 after purchasing an additional 2,256 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Trading Up 1.7%

NYSE:STLA traded up $0.18 during midday trading on Thursday, reaching $10.46. 19,582,318 shares of the stock traded hands, compared to its average volume of 12,717,584. The company has a fifty day moving average of $10.04 and a 200 day moving average of $11.35. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $21.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market capitalization of $31.61 billion, a P/E ratio of 3.06, a PEG ratio of 0.45 and a beta of 1.44.

Stellantis Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were issued a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio is currently 22.58%.

Analysts Set New Price Targets

STLA has been the subject of several research analyst reports. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and dropped their target price for the company from $16.50 to $11.75 in a research report on Monday. 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 report on Wednesday, June 25th. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Finally, Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Stellantis has an average rating of "Hold" 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.