Elgethun Capital Management Has $1.15 Million Stake in Stellantis (NYSE:STLA)

Elgethun Capital Management cut its stake in Stellantis (NYSE:STLA - Free Report) by 60.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,018 shares of the company's stock after selling 135,198 shares during the period. Elgethun Capital Management's holdings in Stellantis were worth $1,149,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in STLA. FMR LLC grew its position in shares of Stellantis by 4.9% during the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company's stock valued at $44,083,000 after buying an additional 145,583 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Stellantis by 3.0% during the third quarter. Royal London Asset Management Ltd. now owns 356,463 shares of the company's stock valued at $5,008,000 after purchasing an additional 10,257 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Stellantis during the 3rd quarter worth approximately $4,126,000. National Bank of Canada FI lifted its holdings in shares of Stellantis by 5.1% in the 3rd quarter. National Bank of Canada FI now owns 314,071 shares of the company's stock worth $4,409,000 after purchasing an additional 15,146 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Stellantis during the 3rd quarter valued at approximately $16,558,000. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STLA has been the subject of a number of recent analyst reports. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen assumed coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. Finally, TD Cowen started coverage on shares of Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price target on the stock. Nine 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.49.

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Stellantis Trading Down 0.4 %

Shares of Stellantis stock traded down $0.04 during trading on Friday, hitting $8.88. The stock had a trading volume of 21,457,045 shares, compared to its average volume of 10,213,629. The stock has a 50 day simple moving average of $12.14 and a 200 day simple moving average of $12.86. Stellantis has a 1 year low of $8.39 and a 1 year high of $27.04. 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 company has a market capitalization of $26.83 billion, a PE ratio of 2.60 and a beta of 1.44.

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.