XTX Topco Ltd Raises Holdings in Stellantis N.V. (NYSE:STLA)

Key Points

• XTX Topco Ltd significantly increased its holdings in Stellantis N.V. by 317.5%, acquiring a total of 132,543 shares worth approximately $1.49 million.
• Notable institutional activity includes GAMMA Investing LLC and WealthCollab LLC increasing their positions by 422.3% and 96.5% respectively during the first quarter.
• Stellantis stock has seen rating adjustments, with Wolfe Research downgrading it to "underperform" while Jefferies Financial Group upgraded it to "buy" with a new price target of $13.20.

XTX Topco Ltd lifted its position in Stellantis N.V. (NYSE:STLA - Free Report) by 317.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,543 shares of the company's stock after buying an additional 100,797 shares during the period. XTX Topco Ltd's holdings in Stellantis were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in Stellantis in the fourth quarter worth about $29,000. GAMMA Investing LLC increased its position in shares of Stellantis by 422.3% during the first 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 holdings in shares of Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after buying an additional 1,167 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Stellantis in the fourth quarter worth about $47,000. Finally, WealthCollab LLC boosted 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 acquiring an additional 2,256 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Price Performance

NYSE STLA opened at $8.89 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $10.99. The company has a market cap of $26.86 billion, a P/E ratio of 2.61, a P/E/G ratio of 0.41 and a beta of 1.44. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $16.92.

Analysts Set New Price Targets

STLA has been the subject of a number of recent research reports. Wolfe Research downgraded shares of Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and raised their price objective for the company from $10.25 to $13.20 in a report on Wednesday, June 25th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.

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