Twin Tree Management LP Has $6.42 Million Stock Holdings in Stellantis N.V. $STLA

Key Points

• Twin Tree Management LP significantly increased its holdings in Stellantis N.V. by 321.5% in the first quarter, acquiring an additional 436,637 shares, bringing its total to 572,436 shares valued at approximately $6.4 million.
• Various institutional investors also enhanced their stakes in Stellantis, with significant increases from Farther Finance Advisors LLC (54.5%) and National Bank of Canada FI (10.3%).
• Wall Street analysts have had mixed views on Stellantis, with ratings ranging from a downgrade to "underperform" by Wolfe Research to an upgrade to "buy" by Jefferies Financial Group, illustrating a wide range of market perspectives on the stock's future performance.

Twin Tree Management LP boosted its holdings in Stellantis N.V. (NYSE:STLA - Free Report) by 321.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 572,436 shares of the company's stock after acquiring an additional 436,637 shares during the quarter. Twin Tree Management LP's holdings in Stellantis were worth $6,417,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in shares of Stellantis by 208.0% in the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company's stock valued at $1,069,067,000 after acquiring an additional 64,406,866 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stellantis by 3.3% in the first quarter. Vanguard Group Inc. now owns 87,342,145 shares of the company's stock valued at $979,629,000 after buying an additional 2,791,016 shares during the period. Deutsche Bank AG bought a new position in Stellantis during the first quarter valued at about $368,520,000. Canada Pension Plan Investment Board grew its holdings in Stellantis by 6.2% during the first quarter. Canada Pension Plan Investment Board now owns 15,131,049 shares of the company's stock worth $168,031,000 after acquiring an additional 885,749 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Stellantis by 318.6% during the first quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company's stock worth $130,893,000 after acquiring an additional 8,987,548 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on STLA shares. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and boosted their target price for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Zacks Research cut Stellantis from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Bank of America lowered 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, Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. One 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 stock. According to MarketBeat, Stellantis currently has a consensus rating of "Reduce" and an average target price of $12.74.

Stellantis Stock Down 2.2%

Shares of Stellantis stock traded down $0.22 during midday trading on Tuesday, hitting $9.42. The company's stock had a trading volume of 11,863,139 shares, compared to its average volume of 10,959,216. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $16.38. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $28.46 billion, a P/E ratio of 2.76, a PEG ratio of 0.57 and a beta of 1.46. The stock has a 50-day simple moving average of $9.68 and a 200-day simple moving average of $10.40.

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.