Swiss National Bank Trims Holdings in Stellantis N.V. $STLA

Key Points

• Swiss National Bank cut its stake in Stellantis by 4.6% in Q3, selling 282,861 shares and leaving it with 5,830,757 shares (about 0.19%) valued at roughly $53.8 million.
• Analyst sentiment is mixed but averages to a Hold rating with an average target price of $11.12 (1 Strong Buy, 4 Buy, 11 Hold, 3 Sell among recent ratings).
• STLA is trading near its 52-week low (opened $6.90, 52‑week low $6.85) with 50‑ and 200‑day moving averages at $8.92 and $9.87, and institutional investors hold about 59.48% of the stock as several funds adjusted positions in Q3.

Swiss National Bank lowered its position in Stellantis N.V. (NYSE:STLA - Free Report) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,830,757 shares of the company's stock after selling 282,861 shares during the period. Swiss National Bank owned approximately 0.19% of Stellantis worth $53,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in Stellantis by 21.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 375,676 shares of the company's stock worth $3,480,000 after buying an additional 65,218 shares during the last quarter. Natixis Advisors LLC lifted its stake in Stellantis by 11.8% during the 3rd quarter. Natixis Advisors LLC now owns 45,508 shares of the company's stock valued at $425,000 after acquiring an additional 4,807 shares during the period. Korea Investment CORP boosted its holdings in shares of Stellantis by 2.1% in the 3rd quarter. Korea Investment CORP now owns 1,290,098 shares of the company's stock valued at $11,921,000 after acquiring an additional 26,102 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Stellantis by 3.1% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,710,721 shares of the company's stock worth $43,528,000 after acquiring an additional 142,405 shares during the period. Finally, Gabelli Funds LLC increased its stake in shares of Stellantis by 33.3% in the third quarter. Gabelli Funds LLC now owns 20,000 shares of the company's stock worth $187,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on STLA shares. Loop Capital set a $8.00 target price on shares of Stellantis in a research report on Monday, March 2nd. Zacks Research downgraded Stellantis from a "hold" rating to a "strong sell" rating in a research report on Tuesday. BNP Paribas Exane lowered Stellantis from a "hold" rating to a "strong sell" rating in a research note on Thursday, December 11th. Wolfe Research raised Stellantis from an "underperform" rating to a "peer perform" rating in a report on Monday, February 9th. Finally, TD Cowen restated a "hold" rating on shares of Stellantis in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.12.

Stellantis Stock Down 0.1%

STLA stock opened at $6.90 on Thursday. The company's 50-day simple moving average is $8.92 and its 200-day simple moving average is $9.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 0.74. Stellantis N.V. has a 52-week low of $6.85 and a 52-week high of $12.74.

Stellantis Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.

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