Magnetar Financial LLC Makes New Investment in Stellantis N.V. $STLA

Key Points

• Magnetar Financial LLC has acquired 246,551 shares of Stellantis N.V., representing a new investment worth approximately $2.76 million.
• Analyst ratings on Stellantis have varied, with Wolfe Research downgrading the stock to "underperform" while Jefferies Financial Group upgraded it to "buy," indicating mixed sentiment among analysts.
• As of the latest report, Stellantis shares have a market capitalization of $29.13 billion and have shown a 52-week low of $8.39 and a high of $16.91.

Magnetar Financial LLC purchased a new stake in Stellantis N.V. (NYSE:STLA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 246,551 shares of the company's stock, valued at approximately $2,764,000.

Other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in Stellantis in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC grew its holdings in shares of Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Stellantis during the 1st quarter worth $35,000. Farther Finance Advisors LLC boosted its stake in Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after buying an additional 1,167 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in Stellantis by 136.5% in the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Down 2.2%

Shares of Stellantis stock traded down $0.22 on Tuesday, reaching $9.42. The company's stock had a trading volume of 11,863,139 shares, compared to its average volume of 17,331,787. The company has a market capitalization of $28.46 billion, a price-to-earnings ratio of 2.76, a P/E/G ratio of 0.57 and a beta of 1.46. 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 firm's fifty day simple moving average is $9.69 and its two-hundred day simple moving average is $10.41. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $16.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Stellantis from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and boosted their target price for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $16.50 to $11.75 in a research note on Monday, July 7th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Stellantis currently 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.