Stellantis N.V. $STLA Shares Purchased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its stake in Stellantis N.V. by 4.7%, owning over 4.6 million shares, which represents approximately 1.1% of its total holdings.
• Stellantis shares have seen a 12-month high of $14.28 and a low of $8.39, currently trading around $9.91 with a market cap of $29.94 billion.
• Research analysts have mixed ratings for Stellantis, with consensus showing 2 Buy, 11 Hold, and 2 Sell ratings, and an average price target of $12.04.

Generali Asset Management SPA SGR increased its holdings in Stellantis N.V. (NYSE:STLA - Free Report) by 4.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,640,832 shares of the company's stock after acquiring an additional 209,595 shares during the period. Stellantis makes up about 1.1% of Generali Asset Management SPA SGR's holdings, making the stock its 20th largest holding. Generali Asset Management SPA SGR owned approximately 0.15% of Stellantis worth $46,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in shares of Stellantis by 54.5% during 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. Ballentine Partners LLC boosted its stake in Stellantis by 8.0% during the first quarter. Ballentine Partners LLC now owns 17,792 shares of the company's stock worth $199,000 after buying an additional 1,317 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Stellantis by 2.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company's stock valued at $834,000 after acquiring an additional 1,599 shares during the last quarter. Strengthening Families & Communities LLC increased its position in shares of Stellantis by 4.0% during the first quarter. Strengthening Families & Communities LLC now owns 44,038 shares of the company's stock valued at $494,000 after acquiring an additional 1,700 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Stellantis by 10.3% in the 1st quarter. National Bank of Canada FI now owns 19,132 shares of the company's stock valued at $214,000 after acquiring an additional 1,786 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Trading Down 2.6%

NYSE:STLA opened at $9.91 on Wednesday. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $14.28. The firm has a market cap of $29.94 billion, a PE ratio of 2.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.52. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $9.69 and a 200 day moving average price of $9.76.

Analysts Set New Price Targets

STLA has been the subject of several research reports. Berenberg Bank upgraded shares of Stellantis from a "hold" rating to a "buy" rating and set a $11.20 target price for the company in a report on Friday, September 19th. Bank of America cut Stellantis from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $16.50 to $11.75 in a research note on Monday, July 7th. Weiss Ratings reiterated a "sell (d)" rating on shares of Stellantis in a report on Wednesday, October 8th. BNP Paribas Exane began coverage on Stellantis in a report on Monday, September 8th. They set a "neutral" rating and a $10.10 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Stellantis in a research report on Monday. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.04.

Stellantis 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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