Farther Finance Advisors LLC Trims Holdings in Stellantis (NYSE:STLA)

Farther Finance Advisors LLC lessened its position in Stellantis (NYSE:STLA - Free Report) by 94.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,142 shares of the company's stock after selling 38,697 shares during the quarter. Farther Finance Advisors LLC's holdings in Stellantis were worth $28,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of STLA. Geneos Wealth Management Inc. purchased a new position in Stellantis in the 4th quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after purchasing an additional 1,489 shares during the period. Spire Wealth Management grew its position in shares of Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after acquiring an additional 1,211 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in Stellantis by 160.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock valued at $85,000 after purchasing an additional 4,000 shares during the period. Finally, Life Planning Partners Inc purchased a new stake in shares of Stellantis in the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Price Performance

Stellantis stock traded down $0.48 during trading hours on Friday, hitting $11.34. The stock had a trading volume of 15,804,898 shares, compared to its average volume of 9,264,435. Stellantis has a 1-year low of $11.28 and a 1-year high of $28.76. 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 stock's fifty day moving average is $12.98 and its two-hundred day moving average is $13.34. The stock has a market capitalization of $34.27 billion, a price-to-earnings ratio of 3.32 and a beta of 1.64.

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Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and dropped their price target 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 note on Thursday, March 6th. They set a "hold" rating for the company. Finally, TD Cowen started coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Stellantis has an average rating of "Hold" and an average target price of $19.27.

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.