Stellantis N.V. $STLA Holdings Boosted by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Stellantis N.V. by 32.6% during Q1, holding a total of 244,428 shares valued at $2,740,000.
• Several institutional investors also enhanced their positions in Stellantis, with Capital Research Global Investors growing its stake by 306.9% during the fourth quarter.
• Analysts have mixed views on the stock, with one recent report changing its rating from "hold" to "buy," while others have issued various downgrade ratings affecting the consensus to a "hold" with an average target price of $12.74.

LPL Financial LLC boosted its holdings in Stellantis N.V. (NYSE:STLA - Free Report) by 32.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,428 shares of the company's stock after acquiring an additional 60,097 shares during the period. LPL Financial LLC's holdings in Stellantis were worth $2,740,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Stellantis during the fourth quarter valued at approximately $93,779,000. Capital Research Global Investors grew its position in Stellantis by 306.9% in the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company's stock worth $90,636,000 after buying an additional 5,208,889 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Stellantis during the 4th quarter worth approximately $62,769,000. Balyasny Asset Management L.P. purchased a new position in Stellantis during the 4th quarter worth approximately $31,183,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Stellantis by 118.4% during the 1st quarter. Vontobel Holding Ltd. now owns 2,351,670 shares of the company's stock valued at $26,115,000 after buying an additional 1,274,708 shares during the period. Institutional investors own 59.48% of the company's stock.

Wall Street Analyst Weigh In

STLA has been the subject of a number of research reports. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and lifted their target price for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Finally, Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $16.50 to $11.75 in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.74.

Stellantis Stock Performance

Shares of STLA opened at $9.81 on Monday. The company has a market capitalization of $29.66 billion, a PE ratio of 2.88, a price-to-earnings-growth ratio of 0.58 and a beta of 1.45. Stellantis N.V. has a one year low of $8.39 and a one year high of $16.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The company's fifty day moving average price is $9.69 and its 200 day moving average price is $10.67.

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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