Allianz Asset Management GmbH trimmed its position in shares of Stellantis (NYSE:STLA - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,231,319 shares of the company's stock after selling 3,010,945 shares during the period. Allianz Asset Management GmbH owned approximately 0.24% of Stellantis worth $94,369,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in STLA. Geneos Wealth Management Inc. acquired a new stake in Stellantis during the fourth quarter worth about $26,000. Waldron Private Wealth LLC acquired a new position in shares of Stellantis in the 3rd quarter valued at about $33,000. Cromwell Holdings LLC grew its holdings in shares of Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company's stock worth $42,000 after purchasing an additional 1,036 shares during the period. Darwin Wealth Management LLC acquired a new stake in Stellantis during the 3rd quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after buying an additional 1,489 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.
Stellantis Price Performance
NYSE:STLA traded down $0.17 during trading hours on Friday, hitting $13.95. The stock had a trading volume of 8,185,504 shares, compared to its average volume of 10,763,956. The business has a 50 day simple moving average of $13.13 and a two-hundred day simple moving average of $13.90. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.
Analyst Ratings Changes
Separately, Evercore ISI began coverage on shares of Stellantis in a research note on Monday, November 11th. They set an "inline" rating for the company. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.34.
Read Our Latest Analysis on Stellantis
About Stellantis
(
Free Report)
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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