Stellantis N.V. (NYSE:STLA) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its stake in Stellantis N.V. (NYSE:STLA - Free Report) by 39.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,011 shares of the company's stock after selling 27,780 shares during the period. Signaturefd LLC's holdings in Stellantis were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of STLA. Norges Bank purchased a new position in shares of Stellantis in the 4th quarter worth about $609,076,000. Marshall Wace LLP increased its holdings in shares of Stellantis by 72,446.0% in the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after acquiring an additional 17,376,176 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Stellantis during the 4th quarter valued at approximately $93,779,000. Capital Research Global Investors boosted its position in Stellantis by 306.9% during the 4th quarter. Capital Research Global Investors now owns 6,905,990 shares of the company's stock worth $90,636,000 after acquiring an additional 5,208,889 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in Stellantis during the 4th quarter worth $62,769,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Down 0.1%

STLA opened at $9.41 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $21.05. The business's fifty day simple moving average is $10.07 and its 200 day simple moving average is $11.21. The stock has a market cap of $28.45 billion, a PE ratio of 2.76, a P/E/G ratio of 0.43 and a beta of 1.44.

Analysts Set New Price Targets

STLA has been the topic of a number of recent analyst reports. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Bank of America cut Stellantis from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Finally, Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.

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