UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Stock Holdings in Stellantis N.V. $STLA

Key Points

• UBS Asset Management increased its stake in Stellantis N.V. by 8.7%, owning approximately 2,500,483 shares worth about $28 million after acquiring an additional 200,260 shares.
• Several institutional investors have modified their positions in Stellantis, with CETERA Investment Advisers increasing its stake by 11.7% in the last quarter.
• Stellantis shares have faced downgrades from multiple analysts, with Bank of America lowering its price target from $16.50 to $11.75, reflecting a more cautious outlook on the stock.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Stellantis N.V. (NYSE:STLA - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,500,483 shares of the company's stock after acquiring an additional 200,260 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.08% of Stellantis worth $28,030,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis during the fourth quarter worth approximately $29,000. SVB Wealth LLC acquired a new position in shares of Stellantis in the first quarter valued at approximately $35,000. GAMMA Investing LLC boosted its holdings in shares of Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after buying an additional 2,538 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after buying an additional 1,167 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Stellantis by 136.5% during the first 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 last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Trading Down 1.3%

NYSE STLA traded down $0.13 during trading hours on Friday, reaching $9.85. The company's stock had a trading volume of 20,907,321 shares, compared to its average volume of 13,302,064. The firm has a fifty day simple moving average of $9.48 and a 200-day simple moving average of $10.06. The stock has a market cap of $29.78 billion, a P/E ratio of 2.89, a P/E/G ratio of 0.59 and a beta of 1.46. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $16.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and increased their price objective for the company from $10.25 to $13.20 in a research report on Wednesday, June 25th. Zacks Research downgraded shares of Stellantis from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. BNP Paribas upgraded shares of Stellantis to a "hold" rating in a research note on Tuesday, September 9th. Bank of America downgraded shares of Stellantis from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Finally, BNP Paribas Exane started coverage on shares of Stellantis in a research note on Monday, September 8th. They set a "neutral" rating and a $10.10 price objective on the stock. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.04.

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.