SkyView Investment Advisors LLC Sells 243,105 Shares of Stellantis N.V. $STLA

Key Points

• SkyView Investment Advisors cut its Stellantis stake by 85.9% in the second quarter, selling 243,105 shares and retaining 40,000 shares valued at approximately $230,000.
• Institutional activity was mixed: several funds increased their positions, while hedge funds and other institutional investors collectively owned 59.48% of Stellantis.
• Stellantis shares were trading near their 12-month low at $5.28, while analysts maintained an overall “Reduce” consensus rating with an average price target of $7.87.

SkyView Investment Advisors LLC lessened its position in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 85.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,000 shares of the company's stock after selling 243,105 shares during the quarter. SkyView Investment Advisors LLC's holdings in Stellantis were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in shares of Stellantis during the 2nd quarter valued at about $769,000. Engineers Gate Manager LP lifted its stake in shares of Stellantis by 439.1% in the 2nd quarter. Engineers Gate Manager LP now owns 333,091 shares of the company's stock worth $1,894,000 after purchasing an additional 271,303 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Stellantis by 21.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 53,102 shares of the company's stock worth $305,000 after purchasing an additional 9,465 shares during the period. IFP Advisors Inc boosted its holdings in shares of Stellantis by 1,534.8% in the second quarter. IFP Advisors Inc now owns 4,463 shares of the company's stock worth $26,000 after buying an additional 4,190 shares during the last quarter. Finally, Corient Private Wealth LP grew its position in Stellantis by 77.6% during the second quarter. Corient Private Wealth LP now owns 31,604 shares of the company's stock valued at $182,000 after buying an additional 13,811 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Down 2.3%

Stellantis stock opened at $5.28 on Tuesday. The firm has a 50 day moving average of $5.52 and a 200 day moving average of $6.63. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.31 and a beta of 1.44. Stellantis N.V. has a 12-month low of $5.05 and a 12-month high of $12.22. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59.

Stellantis (NYSE:STLA - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The firm had revenue of $49.63 billion for the quarter. As a group, research analysts predict that Stellantis N.V. will post 0.61 earnings per share for the current year.

Analyst Ratings Changes

STLA has been the subject of a number of research reports. Citigroup reaffirmed a "neutral" rating on shares of Stellantis in a report on Thursday, July 9th. Truist Financial set a $9.00 price target on shares of Stellantis in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Stellantis from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. TD Cowen restated a "hold" rating on shares of Stellantis in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Stellantis in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $7.87.

About Stellantis

Stellantis N.V. NYSE: STLA is a global automaker that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. The company serves customers across North America, Europe, South America, the Middle East, Africa and other international markets.

Stellantis' portfolio includes a broad range of vehicle brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.

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