Russell Investments Group Ltd. trimmed its holdings in Stellantis N.V. (NYSE:STLA - Free Report) by 47.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,975 shares of the company's stock after selling 266,664 shares during the period. Russell Investments Group Ltd.'s holdings in Stellantis were worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Deutsche Bank AG bought a new position in Stellantis in the 1st quarter valued at $368,520,000. Jupiter Asset Management Ltd. bought a new position in Stellantis in the 1st quarter valued at $1,755,000. LPL Financial LLC boosted its holdings in Stellantis by 32.6% in the 1st quarter. LPL Financial LLC now owns 244,428 shares of the company's stock valued at $2,740,000 after purchasing an additional 60,097 shares during the period. Swiss National Bank boosted its holdings in Stellantis by 0.8% in the 1st quarter. Swiss National Bank now owns 5,817,223 shares of the company's stock valued at $64,526,000 after purchasing an additional 45,181 shares during the period. Finally, Michels Family Financial LLC bought a new position in Stellantis in the 4th quarter valued at $375,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
STLA has been the subject of several analyst reports. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and raised their price target for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. Bank of America downgraded shares of Stellantis from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $16.50 to $11.75 in a report on Monday, July 7th. Zacks Research downgraded shares of Stellantis from a "hold" rating to a "strong sell" rating in a report on Monday. Finally, Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $12.74.
Read Our Latest Stock Analysis on Stellantis
Stellantis Trading Up 1.2%
Stellantis stock traded up $0.12 during mid-day trading on Thursday, hitting $9.64. The company's stock had a trading volume of 8,185,084 shares, compared to its average volume of 17,402,521. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The stock has a market cap of $29.13 billion, a price-to-earnings ratio of 2.83, a price-to-earnings-growth ratio of 0.58 and a beta of 1.45. The business has a 50 day moving average price of $9.67 and a 200-day moving average price of $10.52. Stellantis N.V. has a 12 month low of $8.39 and a 12 month high of $16.91.
About Stellantis
(
Free Report)
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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