Swiss National Bank Buys 45,181 Shares of Stellantis N.V. (NYSE:STLA)

Key Points

• The Swiss National Bank increased its holdings in Stellantis N.V. by 0.8%, now owning approximately $64.53 million worth, with a total of 5,817,223 shares.
• Several institutional investors have made significant adjustments to their positions in Stellantis, with the majority of the stock, about 59.48%, currently held by institutional investors and hedge funds.
• Analyst ratings for Stellantis have recently been mixed, with changes including downgrades from UBS Group and Bank of America, while Jefferies Financial Group upgraded the stock from a "hold" to a "buy" rating.

Swiss National Bank raised its stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,817,223 shares of the company's stock after purchasing an additional 45,181 shares during the period. Swiss National Bank owned 0.19% of Stellantis worth $64,526,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position 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 worth $37,000 after buying an additional 1,167 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Stellantis by 8.0% during the first quarter. Ballentine Partners LLC now owns 17,792 shares of the company's stock valued at $199,000 after buying an additional 1,317 shares during the last quarter. Glenorchy Capital Ltd grew its stake in shares of Stellantis by 4.9% during the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock valued at $375,000 after buying an additional 1,340 shares during the last quarter. Vise Technologies Inc. grew its stake in shares of Stellantis by 5.0% during the fourth quarter. Vise Technologies Inc. now owns 41,395 shares of the company's stock valued at $540,000 after buying an additional 1,965 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Stellantis by 136.5% during the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after buying an additional 2,200 shares during the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Up 3.2%

NYSE STLA traded up $0.30 during midday trading on Tuesday, hitting $9.65. 12,663,230 shares of the company traded hands, compared to its average volume of 25,616,586. 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 has a market cap of $29.17 billion, a PE ratio of 2.83, a price-to-earnings-growth ratio of 0.56 and a beta of 1.45. The company's 50-day simple moving average is $9.70 and its 200-day simple moving average is $10.76. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $16.92.

Wall Street Analyst Weigh In

STLA has been the topic of a number of analyst reports. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Bank of America cut Stellantis from a "buy" rating to a "neutral" rating and cut their target price for the company from $16.50 to $11.75 in a research note on Monday, July 7th. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Finally, Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.74.

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.