Stellantis N.V. $STLA Position Increased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC significantly increased its stake in Stellantis N.V. by 318.6%, owning over 11.8 million shares valued at approximately $130.9 million.
• A mix of hedge funds and institutional investors have also boosted their positions in Stellantis, contributing to institutional ownership of 59.48%.
• Stellantis shares are currently trading around $9.95, with analysts mostly rating the stock as a "Hold" with an average price target of $12.74.

Hsbc Holdings PLC raised its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 318.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,808,556 shares of the company's stock after buying an additional 8,987,548 shares during the period. Hsbc Holdings PLC owned about 0.39% of Stellantis worth $130,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in Stellantis in the 4th quarter worth approximately $29,000. GAMMA Investing LLC boosted its stake in Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after purchasing an additional 2,538 shares during the period. Farther Finance Advisors LLC boosted its stake in Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after purchasing an additional 1,167 shares during the period. Harbour Investments Inc. boosted its stake in Stellantis by 136.5% in the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock worth $43,000 after purchasing an additional 2,200 shares during the period. Finally, WealthCollab LLC boosted its stake in Stellantis by 96.5% in the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after purchasing an additional 2,256 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Trading Up 2.7%

Shares of NYSE:STLA opened at $9.9450 on Wednesday. The firm has a fifty day moving average of $9.68 and a two-hundred day moving average of $10.64. The firm has a market capitalization of $30.07 billion, a P/E ratio of 2.92, a price-to-earnings-growth ratio of 0.58 and a beta of 1.45. Stellantis N.V. has a 12-month low of $8.39 and a 12-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.

Wall Street Analyst Weigh In

A number of research firms recently commented on STLA. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Bank of America lowered shares of 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. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" 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 lifted their target price for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Stellantis currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.