swisspartners Advisors Ltd increased its stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700,520 shares of the company's stock after purchasing an additional 40,200 shares during the quarter. Stellantis makes up 7.3% of swisspartners Advisors Ltd's holdings, making the stock its 6th largest position. swisspartners Advisors Ltd's holdings in Stellantis were worth $7,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in STLA. Mpwm Advisory Solutions LLC purchased a new position in Stellantis in the fourth quarter worth $29,000. GAMMA Investing LLC boosted its position in shares of Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC grew its stake in 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 buying an additional 1,167 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Stellantis during the 4th quarter valued at about $47,000. Finally, WealthCollab LLC raised its stake in Stellantis by 96.5% in the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock valued at $60,000 after buying an additional 2,256 shares during the last quarter. Institutional investors own 59.48% of the company's stock.
Stellantis Trading Up 0.7%
Shares of Stellantis stock opened at $9.93 on Friday. The stock has a market cap of $30.02 billion, a PE ratio of 2.91 and a beta of 1.47. The firm has a fifty day moving average price of $9.89 and a 200 day moving average price of $11.55. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $21.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81.
Stellantis Dividend Announcement
The business also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%.
Analyst Ratings Changes
Several brokerages have weighed in on STLA. TD Cowen began coverage on Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target for the company. Cowen started coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and upped their price target for the company from $10.25 to $13.20 in a research note on Wednesday. Finally, UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.68.
Get Our Latest Stock Report on STLA
Stellantis Profile
(
Free Report)
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.
Further Reading
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