Fisher Funds Management LTD Purchases Shares of 612,088 Stellantis (NYSE:STLA)

Fisher Funds Management LTD purchased a new position in Stellantis (NYSE:STLA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 612,088 shares of the company's stock, valued at approximately $7,994,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STLA. Callan Capital LLC acquired a new stake in Stellantis during the 4th quarter worth about $285,000. Camelot Portfolios LLC raised its holdings in Stellantis by 39.1% during the 4th quarter. Camelot Portfolios LLC now owns 76,017 shares of the company's stock worth $992,000 after buying an additional 21,379 shares during the period. Cromwell Holdings LLC grew its stake in Stellantis by 126.7% during the 4th quarter. Cromwell Holdings LLC now owns 6,784 shares of the company's stock valued at $89,000 after acquiring an additional 3,791 shares in the last quarter. Ieq Capital LLC purchased a new position in Stellantis during the 4th quarter valued at about $163,000. Finally, Private Advisor Group LLC grew its stake in Stellantis by 46.7% during the 4th quarter. Private Advisor Group LLC now owns 17,965 shares of the company's stock valued at $234,000 after acquiring an additional 5,719 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They issued an "inline" rating for the company. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis presently has a consensus rating of "Hold" and a consensus price target of $27.34.

Stellantis Trading Down 1.2 %

Shares of STLA stock traded down $0.17 during trading hours on Friday, reaching $13.95. 8,185,504 shares of the company's stock were exchanged, compared to its average volume of 10,763,956. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51. The business has a fifty day moving average price of $13.13 and a 200-day moving average price of $13.91. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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.