Aviva PLC Sells 334,389 Shares of Stellantis (NYSE:STLA)

Aviva PLC lowered its stake in shares of Stellantis (NYSE:STLA - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,346,122 shares of the company's stock after selling 334,389 shares during the quarter. Aviva PLC's holdings in Stellantis were worth $17,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new position in shares of Stellantis in the 4th quarter worth approximately $26,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Stellantis during the fourth quarter valued at $47,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Stellantis by 67.0% during the 4th 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 in the last quarter. Spire Wealth Management increased its stake in shares of Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in Stellantis by 160.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock worth $85,000 after purchasing an additional 4,000 shares during the period. 59.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on STLA shares. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. Finally, TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Stellantis has a consensus rating of "Hold" and an average target price of $16.49.

Remove Ads

Stellantis Stock Performance

Shares of Stellantis stock traded down $0.04 during trading on Friday, hitting $8.88. 21,457,045 shares of the company's stock traded hands, compared to its average volume of 10,227,467. Stellantis has a 1 year low of $8.39 and a 1 year high of $27.04. The business has a 50-day simple moving average of $12.14 and a 200-day simple moving average of $12.84. The stock has a market capitalization of $26.83 billion, a P/E ratio of 2.60 and a beta of 1.44. 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 Profile

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.