Stellantis N.V. $STLA Stock Holdings Trimmed by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has reduced its holdings in Stellantis N.V. by 28.6%, resulting in ownership of 95,689 shares valued at approximately $1,073,000.
• Multiple hedge funds are actively investing in Stellantis, with Banco Santander S.A. increasing its stake by 33.9%, bringing its total holdings to 9,715,593 shares worth around $108.9 million.
• Analysts have mixed views on Stellantis, with Bank of America downgrading the stock from "buy" to "neutral," while Jefferies Financial Group upgraded it from "hold" to "buy," reflecting varying confidence in the company's performance.

Charles Schwab Investment Management Inc. reduced its position in Stellantis N.V. (NYSE:STLA - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,689 shares of the company's stock after selling 38,398 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Stellantis were worth $1,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new position in Stellantis in the first quarter valued at approximately $1,755,000. LPL Financial LLC boosted its stake in Stellantis by 32.6% in the first quarter. LPL Financial LLC now owns 244,428 shares of the company's stock valued at $2,740,000 after acquiring an additional 60,097 shares during the period. Michels Family Financial LLC acquired a new position in Stellantis in the fourth quarter valued at approximately $375,000. Kedalion Capital Management LLP acquired a new position in Stellantis in the first quarter valued at approximately $5,553,000. Finally, Banco Santander S.A. boosted its stake in Stellantis by 33.9% in the first quarter. Banco Santander S.A. now owns 9,715,593 shares of the company's stock valued at $108,912,000 after acquiring an additional 2,457,568 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Performance

Shares of NYSE STLA opened at $9.64 on Tuesday. 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 50 day simple moving average of $9.69 and a 200-day simple moving average of $10.41. The company has a market cap of $29.13 billion, a PE ratio of 2.83, a P/E/G ratio of 0.57 and a beta of 1.46. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $16.91.

Analyst Ratings Changes

A number of brokerages have commented on STLA. Bank of America downgraded Stellantis from a "buy" rating to a "neutral" rating and decreased their target price for the company from $16.50 to $11.75 in a research note on Monday, July 7th. Jefferies Financial Group upgraded 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. Zacks Research downgraded Stellantis from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Finally, Wolfe Research downgraded Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $12.74.

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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