AM Squared Ltd Invests $641,000 in Stellantis (NYSE:STLA)

AM Squared Ltd bought a new stake in Stellantis (NYSE:STLA - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 45,600 shares of the company's stock, valued at approximately $641,000. Stellantis comprises approximately 1.4% of AM Squared Ltd's investment portfolio, making the stock its 6th biggest position.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Stellantis by 1.2% in the first quarter. Vanguard Group Inc. now owns 83,818,351 shares of the company's stock worth $2,372,059,000 after acquiring an additional 972,232 shares during the period. Capital International Investors raised its stake in Stellantis by 329.3% during the first quarter. Capital International Investors now owns 22,503,781 shares of the company's stock worth $639,609,000 after buying an additional 17,261,955 shares during the last quarter. Capital World Investors lifted its holdings in Stellantis by 63.4% in the first quarter. Capital World Investors now owns 13,756,552 shares of the company's stock valued at $390,811,000 after buying an additional 5,336,868 shares during the period. Canada Pension Plan Investment Board boosted its position in Stellantis by 0.4% during the second quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company's stock valued at $194,755,000 after acquiring an additional 43,159 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company's stock worth $125,597,000 after acquiring an additional 1,894,146 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Jefferies Financial Group reaffirmed a "hold" rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Evercore ISI initiated coverage on shares of Stellantis in a research report on Monday, November 11th. They set an "inline" rating on the stock. Nomura upgraded shares of Stellantis from a "neutral" rating to a "buy" rating in a report on Wednesday, July 31st. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Stellantis in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.34.

Stellantis Price Performance

STLA traded down $0.03 during midday trading on Friday, hitting $13.34. The stock had a trading volume of 5,883,443 shares, compared to its average volume of 7,758,914. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 1 year low of $12.74 and a 1 year high of $29.51. The business has a fifty day moving average of $13.98 and a 200 day moving average of $17.52.

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.