Stellantis N.V. (NYSE:STLA) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE decreased its stake in Stellantis N.V. by 52.1%, owning 29,574 shares valued at $332,000 after selling 32,204 shares during the first quarter.
• Several other institutional investors, including GAMMA Investing LLC and Farther Finance Advisors LLC, significantly increased their holdings in Stellantis during the same period.
• Brokerage reports show mixed ratings for Stellantis, with Jefferies Financial Group upgrading it to "buy," while Bank of America downgraded it to "neutral," reflecting ongoing volatility in analyst evaluations.

US Bancorp DE decreased its stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 52.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,574 shares of the company's stock after selling 32,204 shares during the quarter. US Bancorp DE's holdings in Stellantis were worth $332,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Stellantis in the 4th quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in shares of Stellantis by 422.3% in 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 last quarter. Farther Finance Advisors LLC boosted its holdings in shares of 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 during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Stellantis by 136.5% in the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after acquiring an additional 2,200 shares during the last quarter. Finally, WealthCollab LLC boosted its holdings in shares of Stellantis by 96.5% in the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock valued at $60,000 after acquiring an additional 2,256 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Performance

NYSE:STLA opened at $9.74 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The company has a fifty day moving average of $9.69 and a two-hundred day moving average of $10.76. The stock has a market capitalization of $29.45 billion, a PE ratio of 2.86, a P/E/G ratio of 0.57 and a beta of 1.45. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $16.92.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STLA. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and increased their price target for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Bank of America downgraded shares of Stellantis from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $16.50 to $11.75 in a report on Monday, July 7th. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Finally, Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. 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's stock. According to MarketBeat, Stellantis presently has an average rating of "Hold" and an average price target of $12.74.

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.

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