Stellantis N.V. (NYSE:STLA) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Stellantis N.V. (NYSE:STLA - Free Report) by 436.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 54,717 shares of the company's stock after purchasing an additional 44,513 shares during the period. SG Americas Securities LLC's holdings in Stellantis were worth $613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Stellantis during the fourth quarter worth $29,000. GAMMA Investing LLC boosted its holdings in Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after acquiring an additional 2,538 shares during the period. Farther Finance Advisors LLC grew its position in Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after acquiring an additional 1,167 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Stellantis during the fourth quarter worth about $47,000. Finally, WealthCollab LLC increased its stake in Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after purchasing an additional 2,256 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STLA. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Cowen assumed coverage on Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating on the stock. Finally, TD Cowen initiated coverage on Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $15.68.

Stellantis Stock Up 2.8%

Shares of Stellantis stock traded up $0.27 during trading on Wednesday, hitting $9.86. 27,752,879 shares of the stock were exchanged, compared to its average volume of 11,973,066. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81. The firm's 50-day moving average price is $9.87 and its 200 day moving average price is $11.59. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of 2.89 and a beta of 1.47. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $21.05.

Stellantis Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were issued a dividend of $0.5032 per share. This represents a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd.

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.