Banco Santander S.A. Has $108.91 Million Holdings in Stellantis N.V. (NYSE:STLA)

Key Points

• Banco Santander S.A. increased its stake in Stellantis N.V. by 33.9% in the first quarter, now holding 9,715,593 shares worth approximately $108.9 million.
• Institutional investors now own 59.48% of Stellantis' stock, with multiple funds significantly increasing their holdings recently.
• Stellantis shares have been subject to various analyst ratings, with Jefferies upgrading to a "buy" and Bank of America lowering to "neutral", indicating mixed sentiment in the market.

Banco Santander S.A. grew its holdings in Stellantis N.V. (NYSE:STLA - Free Report) by 33.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,715,593 shares of the company's stock after purchasing an additional 2,457,568 shares during the quarter. Stellantis makes up approximately 1.2% of Banco Santander S.A.'s holdings, making the stock its 14th biggest holding. Banco Santander S.A. owned about 0.32% of Stellantis worth $108,912,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of STLA. Mpwm Advisory Solutions LLC bought a new position in shares of Stellantis during the 4th quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in shares of Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after acquiring an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after acquiring an additional 1,167 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Stellantis during the 4th quarter worth approximately $47,000. Finally, Harbour Investments Inc. grew its stake in shares of Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock worth $43,000 after acquiring an additional 2,200 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Performance

Shares of STLA traded down $0.10 during midday trading on Friday, reaching $8.79. 14,670,349 shares of the stock were exchanged, compared to its average volume of 30,602,460. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $16.92. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The company has a market cap of $26.57 billion, a P/E ratio of 2.58, a PEG ratio of 0.45 and a beta of 1.45. The stock's 50 day simple moving average is $9.83 and its 200 day simple moving average is $10.94.

Analyst Upgrades and Downgrades

STLA has been the subject of several research reports. Bank of America cut shares of Stellantis from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Redburn Atlantic cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and raised their target price for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.74.

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.