Zurcher Kantonalbank Zurich Cantonalbank Trims Position in Stellantis N.V. (NYSE:STLA)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,696,711 shares of the company's stock after selling 50,896 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Stellantis worth $18,808,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Stellantis in the 4th quarter worth $29,000. GAMMA Investing LLC raised its position in shares of Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after buying an additional 2,538 shares during the period. Farther Finance Advisors LLC raised its position in shares of Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after buying an additional 1,167 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Stellantis in the 4th quarter worth $47,000. Finally, WealthCollab LLC raised its position in shares of Stellantis by 96.5% in the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after buying an additional 2,256 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Stock Down 4.2%

Shares of Stellantis stock opened at $9.70 on Tuesday. The business has a 50-day moving average of $9.94 and a 200-day moving average of $11.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $29.32 billion, a PE ratio of 2.84, a P/E/G ratio of 0.46 and a beta of 1.44. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $17.01.

Analyst Ratings Changes

STLA has been the topic of several research reports. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Bank of America cut 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Stellantis currently has a consensus rating of "Hold" and an average target price of $12.74.

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.

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