Baader Bank Aktiengesellschaft Cuts Stock Position in Stellantis (NYSE:STLA)

Baader Bank Aktiengesellschaft reduced its stake in shares of Stellantis (NYSE:STLA - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the company's stock after selling 100,000 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Stellantis were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STLA. AustralianSuper Pty Ltd grew its position in shares of Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company's stock valued at $125,597,000 after purchasing an additional 1,894,146 shares during the last quarter. Conifer Management L.L.C. grew its position in shares of Stellantis by 26.4% in the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company's stock valued at $126,450,000 after purchasing an additional 1,880,000 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Stellantis by 74.7% in the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock valued at $102,340,000 after purchasing an additional 3,252,492 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of Stellantis by 30.4% in the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company's stock valued at $47,752,000 after purchasing an additional 802,497 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Stellantis by 464.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company's stock valued at $45,618,000 after purchasing an additional 2,671,500 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Price Performance

NYSE:STLA traded up $0.33 during trading hours on Thursday, reaching $13.69. 3,835,352 shares of the company were exchanged, compared to its average volume of 8,450,601. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The stock has a 50 day simple moving average of $13.05 and a 200 day simple moving average of $14.49.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore ISI assumed coverage on shares of Stellantis in a research report on Monday, November 11th. They issued an "inline" rating on the stock. Royal Bank of Canada reiterated a "sector perform" rating on shares of Stellantis in a research report on Friday, October 4th. Finally, Barclays lowered shares of 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $27.34.

Stellantis Company 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.