Assenagon Asset Management S.A. Cuts Stock Position in Stellantis (NYSE:STLA)

Assenagon Asset Management S.A. decreased its position in Stellantis (NYSE:STLA - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,961 shares of the company's stock after selling 59,536 shares during the period. Assenagon Asset Management S.A.'s holdings in Stellantis were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STLA. Cromwell Holdings LLC raised its stake in Stellantis by 52.9% in the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company's stock valued at $42,000 after purchasing an additional 1,036 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of 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. ORG Partners LLC raised its position in shares of Stellantis by 112.1% in the third quarter. ORG Partners LLC now owns 4,030 shares of the company's stock valued at $57,000 after buying an additional 2,130 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Stellantis in the third quarter worth about $33,000. Finally, CHICAGO TRUST Co NA lifted its stake in shares of Stellantis by 15.7% in the third quarter. CHICAGO TRUST Co NA now owns 17,424 shares of the company's stock worth $245,000 after buying an additional 2,361 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on STLA shares. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They issued an "inline" rating for the company. Finally, Barclays downgraded Stellantis from an "overweight" rating to an "equal weight" rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Stellantis has a consensus rating of "Hold" and a consensus price target of $27.34.

Stellantis Stock Up 1.1 %

STLA stock traded up $0.15 during midday trading on Friday, hitting $13.39. 8,338,507 shares of the company's stock were exchanged, compared to its average volume of 6,708,939. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The business has a 50-day simple moving average of $13.02 and a two-hundred day simple moving average of $14.64.

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.