Vident Advisory LLC Has $2.12 Million Holdings in Stellantis N.V. $STLA

Key Points

• Vident Advisory LLC has increased its holdings in Stellantis N.V. by 42% during the first quarter, owning 190,289 shares worth approximately $2.12 million after purchasing an additional 56,253 shares.
• Several institutional investors have significantly increased their stakes in Stellantis, with Goldman Sachs Group Inc. raising its stake by 208% and HSBC Holdings PLC increasing its position by 318.6% in the same quarter.
• Equities analysts have given mixed ratings on Stellantis, with Jefferies upgrading the stock to a "buy" while Zacks downgraded it to "strong sell," reflecting a variety of outlooks on the company's performance.

Vident Advisory LLC increased its position in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 42.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,289 shares of the company's stock after purchasing an additional 56,253 shares during the quarter. Vident Advisory LLC's holdings in Stellantis were worth $2,118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new stake in shares of Stellantis during the first quarter worth approximately $2,764,000. Canada Pension Plan Investment Board increased its stake in shares of Stellantis by 6.2% in the first quarter. Canada Pension Plan Investment Board now owns 15,131,049 shares of the company's stock valued at $168,031,000 after buying an additional 885,749 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its holdings in Stellantis by 11.8% during the 1st quarter. Te Ahumairangi Investment Management Ltd now owns 525,879 shares of the company's stock worth $5,830,000 after acquiring an additional 55,379 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its position in Stellantis by 19.5% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 149,482 shares of the company's stock valued at $1,660,000 after acquiring an additional 24,404 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Stellantis in the first quarter worth about $4,775,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on STLA. Bank of America cut shares of Stellantis from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Zacks Research lowered shares of Stellantis from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Finally, Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Stellantis has a consensus rating of "Reduce" and a consensus target price of $12.74.

Stellantis Trading Down 0.7%

STLA stock traded down $0.07 during midday trading on Thursday, hitting $9.08. 16,370,115 shares of the company's stock were exchanged, compared to its average volume of 11,037,626. Stellantis N.V. has a one year low of $8.39 and a one year high of $16.29. The stock's fifty day moving average price is $9.65 and its 200-day moving average price is $10.36. The company has a market cap of $27.44 billion, a PE ratio of 2.66, a price-to-earnings-growth ratio of 0.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

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.