Vident Advisory LLC Decreases Stock Position in Stellantis (NYSE:STLA)

Vident Advisory LLC lowered its stake in shares of Stellantis (NYSE:STLA - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,036 shares of the company's stock after selling 25,490 shares during the quarter. Vident Advisory LLC's holdings in Stellantis were worth $1,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new stake in Stellantis in the fourth quarter valued at approximately $26,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Stellantis in the fourth quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. WealthCollab LLC boosted its holdings 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 acquiring an additional 2,256 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Price Performance

STLA stock traded down $0.30 during midday trading on Wednesday, hitting $10.19. The company's stock had a trading volume of 7,291,430 shares, compared to its average volume of 11,240,828. Stellantis has a 12 month low of $8.39 and a 12 month high of $22.61. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $30.79 billion, a price-to-earnings ratio of 2.98 and a beta of 1.45. The company has a 50 day moving average of $10.09 and a two-hundred day moving average of $12.03.

Stellantis Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's dividend payout ratio is currently 20.82%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen started coverage on Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, TD Cowen assumed coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price for the company. Twelve research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Stellantis currently has a consensus rating of "Hold" and an average price target of $16.49.

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.