Polianta Ltd Purchases New Stake in Stellantis N.V. $STLA

Key Points

• Polianta Ltd acquired 125,800 shares of Stellantis N.V. for about $1.26 million during the second quarter, according to the fund's filing with the SEC.
• Over 59% of Stellantis's stock is owned by hedge funds and institutional investors, with several firms, including Deutsche Bank and Amundi, recently adjusting their stakes.
• Stellantis has seen a range of analyst ratings recently, with price targets varying between $10.10 and $16.50, resulting in a consensus rating of "Reduce" with an average price target of $12.21.

Polianta Ltd bought a new position in shares of Stellantis N.V. (NYSE:STLA - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 125,800 shares of the company's stock, valued at approximately $1,261,000.

Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of Stellantis by 208.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock valued at $1,069,067,000 after acquiring an additional 64,406,866 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Stellantis during the first quarter worth $368,520,000. Hsbc Holdings PLC raised its stake in Stellantis by 318.6% during the 1st quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company's stock worth $130,893,000 after buying an additional 8,987,548 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Stellantis during the 4th quarter worth approximately $93,779,000. Finally, Groupe la Francaise purchased a new position in Stellantis in the 1st quarter worth approximately $62,123,000. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on STLA shares. Zacks Research lowered Stellantis from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $16.50 to $11.75 in a research note on Monday, July 7th. BNP Paribas Exane began coverage on shares of Stellantis in a report on Monday, September 8th. They issued a "neutral" rating and a $10.10 target price for the company. Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Finally, Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and lifted their target price for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.04.

Stellantis Trading Down 1.3%

Stellantis stock traded down $0.13 during mid-day trading on Friday, hitting $9.85. 20,907,321 shares of the stock were exchanged, compared to its average volume of 13,302,064. The stock has a market capitalization of $29.78 billion, a price-to-earnings ratio of 2.89, a PEG ratio of 0.59 and a beta of 1.46. The firm's fifty day simple moving average is $9.48 and its two-hundred day simple moving average is $10.04. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $16.29.

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.