Generali Asset Management SPA SGR Makes New Investment in Stellantis (NYSE:STLA)

Generali Asset Management SPA SGR acquired a new stake in Stellantis (NYSE:STLA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,276,400 shares of the company's stock, valued at approximately $53,858,000. Stellantis accounts for about 1.4% of Generali Asset Management SPA SGR's investment portfolio, making the stock its 11th largest holding. Generali Asset Management SPA SGR owned about 0.14% of Stellantis as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd lifted its holdings in shares of Stellantis by 34.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock valued at $159,495,000 after acquiring an additional 3,121,462 shares in the last quarter. Conifer Management L.L.C. increased its position in shares of Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company's stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock worth $102,340,000 after purchasing an additional 3,252,492 shares during the last quarter. Banco Santander S.A. grew its position in shares of Stellantis by 282.2% during the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock valued at $94,717,000 after buying an additional 5,359,190 shares during the last quarter. Finally, Quadrature Capital Ltd grew its position in shares of Stellantis by 30.4% during the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company's stock valued at $47,752,000 after buying an additional 802,497 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

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Stellantis Stock Performance

Shares of NYSE:STLA traded down $0.11 on Friday, hitting $12.07. The company had a trading volume of 14,536,810 shares, compared to its average volume of 8,805,705. Stellantis has a 1-year low of $11.40 and a 1-year high of $29.51. The stock has a market cap of $36.47 billion, a price-to-earnings ratio of 3.54 and a beta of 1.64. The stock has a 50 day moving average price of $13.01 and a 200 day moving average price of $13.44. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

Several research firms have commented on STLA. Cowen started coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and cut their target price for the company from $23.00 to $13.00 in a research note on Thursday. Finally, TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target for the company. Ten investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Stellantis currently has a consensus 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.