Accurate Wealth Management LLC Has $571,000 Holdings in Stellantis (NYSE:STLA)

Accurate Wealth Management LLC increased its position in Stellantis (NYSE:STLA - Free Report) by 158.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,577 shares of the company's stock after acquiring an additional 27,962 shares during the quarter. Accurate Wealth Management LLC's holdings in Stellantis were worth $571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STLA. FMR LLC boosted its position in shares of Stellantis by 4.9% in the third quarter. FMR LLC now owns 3,137,594 shares of the company's stock valued at $44,083,000 after acquiring an additional 145,583 shares during the period. Mediolanum International Funds Ltd raised its stake in Stellantis by 17.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company's stock valued at $9,426,000 after purchasing an additional 99,388 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Stellantis by 47.1% in the 3rd quarter. Sound Income Strategies LLC now owns 280,010 shares of the company's stock valued at $3,934,000 after purchasing an additional 89,594 shares during the period. World Investment Advisors LLC acquired a new stake in Stellantis in the 3rd quarter worth $1,324,000. Finally, Te Ahumairangi Investment Management Ltd increased its holdings in shares of Stellantis by 28.3% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock worth $7,408,000 after purchasing an additional 118,635 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Price Performance

Shares of Stellantis stock traded down $0.22 during midday trading on Thursday, hitting $12.54. 5,872,594 shares of the company were exchanged, compared to its average volume of 8,478,758. The firm has a 50 day simple moving average of $13.08 and a 200-day simple moving average of $14.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on STLA shares. Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an "inline" rating for the company. Barclays cut Stellantis from an "overweight" rating to an "equal weight" rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of Stellantis in a report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $27.34.

About Stellantis

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.