Stellantis (NYSE:STLA) Holdings Cut by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lessened its stake in Stellantis (NYSE:STLA - Free Report) by 61.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,961 shares of the company's stock after selling 158,660 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Stellantis were worth $1,277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. raised its stake in Stellantis by 74.7% during the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock worth $102,340,000 after acquiring an additional 3,252,492 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings 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 acquiring an additional 2,671,500 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Stellantis in the third quarter valued at approximately $26,679,000. AustralianSuper Pty Ltd boosted its holdings 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 acquiring an additional 1,894,146 shares in the last quarter. Finally, Conifer Management L.L.C. lifted its stake in Stellantis by 26.4% during 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. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Stock Up 1.2 %

Shares of NYSE:STLA traded up $0.17 during mid-day trading on Tuesday, hitting $14.22. The stock had a trading volume of 7,412,601 shares, compared to its average volume of 10,187,410. 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 12-month low of $12.12 and a 12-month high of $29.51. The company's 50 day moving average is $13.11 and its 200-day moving average is $13.95.

Analyst Ratings Changes

Separately, Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday, November 11th. They set an "inline" rating for the company. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $27.34.

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.