Nuveen LLC Acquires Shares of 5,083,300 Stellantis N.V. (NYSE:STLA)

Key Points

• Nuveen LLC has acquired 5,083,300 shares of Stellantis N.V., valued at approximately $56.3 million, representing about 0.17% ownership in the company.
• A significant portion of Stellantis shares, approximately 59.48%, are owned by hedge funds and other institutional investors, indicating strong institutional interest.
• Stellantis has a current market capitalization of $29.43 billion with a P/E ratio of 2.85, and has recently seen mixed analyst ratings, averaging a "Hold" with a consensus target price of $12.74.

Nuveen LLC acquired a new stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,083,300 shares of the company's stock, valued at approximately $56,349,000. Nuveen LLC owned approximately 0.17% of Stellantis at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake 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 buying an additional 1,167 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Stellantis by 8.0% in the first quarter. Ballentine Partners LLC now owns 17,792 shares of the company's stock worth $199,000 after purchasing an additional 1,317 shares in the last quarter. Glenorchy Capital Ltd lifted its position in shares of Stellantis by 4.9% in the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after purchasing an additional 1,340 shares in the last quarter. Strengthening Families & Communities LLC lifted its position in shares of Stellantis by 4.0% in the first quarter. Strengthening Families & Communities LLC now owns 44,038 shares of the company's stock worth $494,000 after purchasing an additional 1,700 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Stellantis by 10.3% in the first quarter. National Bank of Canada FI now owns 19,132 shares of the company's stock worth $214,000 after purchasing an additional 1,786 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Down 0.1%

NYSE:STLA opened at $9.74 on Friday. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $16.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The stock's 50 day moving average price is $9.70 and its 200 day moving average price is $10.73. The company has a market capitalization of $29.43 billion, a P/E ratio of 2.85, a P/E/G ratio of 0.58 and a beta of 1.45.

Wall Street Analyst Weigh In

STLA has been the subject of a number of research analyst reports. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Finally, Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and increased their price objective for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. One investment 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 company currently has an average rating of "Hold" and a consensus 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.

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