Vanguard Group Inc. Buys 2,791,016 Shares of Stellantis N.V. (NYSE:STLA)

Key Points

• Vanguard Group Inc. increased its stake in Stellantis N.V. by 3.3%, bringing its total shares to approximately 87.34 million, valued at around $979.6 million.
• Other institutional investors, including Goldman Sachs and Marshall Wace LLP, significantly boosted their positions in Stellantis, highlighting growing interest in the company.
• Stellantis shares have experienced recent downgrades from analysts, with the stock currently holding an average rating of "Hold" and a consensus target price of $12.74.

Vanguard Group Inc. increased its position in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,342,145 shares of the company's stock after acquiring an additional 2,791,016 shares during the quarter. Vanguard Group Inc. owned 2.89% of Stellantis worth $979,629,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in Stellantis in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in shares of Stellantis by 422.3% during 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 during the last quarter. Farther Finance Advisors LLC increased its stake in shares of 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 purchasing an additional 1,167 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock worth $43,000 after purchasing an additional 2,200 shares during the last quarter. Finally, WealthCollab LLC increased its stake in shares of Stellantis by 96.5% during the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after purchasing an additional 2,256 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Stock Performance

Shares of NYSE STLA traded up $0.11 during trading hours on Wednesday, hitting $9.74. 14,416,501 shares of the stock were exchanged, compared to its average volume of 24,069,926. 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's 50 day moving average is $9.69 and its 200 day moving average is $10.76. The firm has a market capitalization of $29.45 billion, a P/E ratio of 2.86, a P/E/G ratio of 0.57 and a beta of 1.45. Stellantis N.V. has a one year low of $8.39 and a one year high of $16.92.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on STLA. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and increased their price target for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. Bank of America lowered shares of Stellantis from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Finally, Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.