Stellantis N.V. (NYSE:STLA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,349 shares of the company's stock after selling 82,378 shares during the period. Allspring Global Investments Holdings LLC's holdings in Stellantis were worth $914,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of STLA. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis in the 4th quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after buying an additional 2,538 shares during the period. Farther Finance Advisors LLC raised its stake in Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after buying 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 $47,000. Finally, WealthCollab LLC lifted its holdings 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 buying an additional 2,256 shares during the period. Institutional investors own 59.48% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Redburn Atlantic downgraded Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and reduced their target price for the company from $16.50 to $11.75 in a research report on Monday, July 7th. Finally, Piper Sandler downgraded Stellantis from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Stellantis currently has an average rating of "Hold" and an average target price of $12.74.

Stellantis Stock Performance

Shares of Stellantis stock traded down $0.31 during trading on Friday, hitting $10.06. 27,161,239 shares of the company's stock were exchanged, compared to its average volume of 12,857,541. Stellantis N.V. has a 52-week low of $8.39 and a 52-week high of $21.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market capitalization of $30.41 billion, a price-to-earnings ratio of 2.95, a PEG ratio of 0.40 and a beta of 1.44. The business has a 50-day simple moving average of $10.07 and a 200-day simple moving average of $11.31.

Stellantis Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were paid a $0.5032 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 6.07%.

About Stellantis

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.