OneDigital Investment Advisors LLC Sells 27,773 Shares of Stellantis N.V. (NYSE:STLA)

OneDigital Investment Advisors LLC lessened its position in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 12.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,275 shares of the company's stock after selling 27,773 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Stellantis were worth $2,200,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of STLA. Norges Bank purchased a new position in Stellantis during the 4th quarter worth $609,076,000. Marshall Wace LLP lifted its holdings in shares of Stellantis by 72,446.0% in the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after buying an additional 17,376,176 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Stellantis in the 4th quarter worth about $93,779,000. Capital Research Global Investors raised its holdings in shares of Stellantis by 306.9% during the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company's stock valued at $90,636,000 after acquiring an additional 5,208,889 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Stellantis in the fourth quarter valued at approximately $62,769,000. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Up 3.1%

Shares of STLA traded up $0.30 during mid-day trading on Tuesday, reaching $10.10. The company's stock had a trading volume of 38,374,487 shares, compared to its average volume of 12,596,011. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $21.05. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The company has a market cap of $30.53 billion, a price-to-earnings ratio of 2.96 and a beta of 1.44. The business has a fifty day moving average of $10.01 and a 200 day moving average of $11.37.

Stellantis Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were paid a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date was Wednesday, April 23rd.

Analysts Set New Price Targets

STLA has been the subject of several research analyst reports. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Bank of America downgraded Stellantis from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $16.50 to $11.75 in a report on Monday. Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and raised their price target for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Stellantis has a consensus rating of "Hold" and a consensus price target of $12.74.

About Stellantis

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.