Amundi Sells 23,871,988 Shares of Stellantis (NYSE:STLA)

Amundi lowered its stake in shares of Stellantis (NYSE:STLA - Free Report) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,765,174 shares of the company's stock after selling 23,871,988 shares during the quarter. Amundi owned about 2.44% of Stellantis worth $941,981,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Prospera Financial Services Inc grew its position in Stellantis by 9.5% during the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company's stock worth $192,000 after buying an additional 1,192 shares in the last quarter. Spire Wealth Management lifted its stake in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after purchasing an additional 1,211 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. Caprock Group LLC lifted its stake in Stellantis by 6.9% during the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company's stock worth $317,000 after purchasing an additional 1,558 shares during the last quarter. Finally, Addison Advisors LLC lifted its stake in Stellantis by 29.0% during the fourth quarter. Addison Advisors LLC now owns 7,170 shares of the company's stock worth $94,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

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Stellantis Trading Down 0.0 %

Stellantis stock traded down $0.01 during trading hours on Friday, reaching $12.75. 19,773,323 shares of the company's stock were exchanged, compared to its average volume of 12,642,335. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm's 50 day simple moving average is $13.11 and its 200 day simple moving average is $13.70. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51. The firm has a market capitalization of $38.53 billion, a PE ratio of 3.74 and a beta of 1.64.

Wall Street Analyst Weigh In

STLA has been the subject of several recent analyst reports. Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They set an "inline" rating for the company. TD Cowen assumed coverage on Stellantis in a research note on Friday. They issued a "hold" rating and a $13.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.47.

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.