LGT Fund Management Co Ltd. Grows Stake in Stellantis N.V. (NYSE:STLA)

Key Points

• LGT Fund Management Co Ltd. increased its stake in Stellantis N.V. by 12.6% during the 1st quarter, now holding 355,041 shares valued at approximately $3.98 million.
• Several institutional investors, including GAMMA Investing LLC and Harbour Investments Inc., made significant increases in their holdings of Stellantis stock, highlighting growing institutional interest.
• Stellantis has faced mixed analyst ratings, with a consensus rating of "Hold" and a price target reduction from $16.50 to $11.75 by Bank of America.

LGT Fund Management Co Ltd. grew its position in Stellantis N.V. (NYSE:STLA - Free Report) by 12.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 355,041 shares of the company's stock after purchasing an additional 39,777 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Stellantis were worth $3,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Stellantis in the fourth quarter worth about $29,000. GAMMA Investing LLC grew its stake in Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after acquiring an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after acquiring an additional 1,167 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Stellantis by 136.5% in the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after buying an additional 2,200 shares during the period. Finally, WealthCollab LLC grew its stake in shares of Stellantis by 96.5% in the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock valued at $60,000 after buying an additional 2,256 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STLA has been the topic of a number of research reports. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $16.50 to $11.75 in a report on Monday, July 7th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Finally, UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.74.

Stellantis Price Performance

Stellantis stock opened at $9.36 on Tuesday. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $16.92. The firm has a 50 day moving average price of $9.70 and a 200 day moving average price of $10.77. The company has a market cap of $28.28 billion, a price-to-earnings ratio of 2.74, a PEG ratio of 0.56 and a beta of 1.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

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.

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