Generali Investments CEE investicni spolecnost a.s. Purchases Shares of 95,200 Stellantis (NYSE:STLA)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Stellantis (NYSE:STLA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 95,200 shares of the company's stock, valued at approximately $1,241,000.

Several other large investors have also modified their holdings of STLA. AustralianSuper Pty Ltd lifted its holdings in shares of Stellantis by 34.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock valued at $159,495,000 after purchasing an additional 3,121,462 shares during the last quarter. 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 buying an additional 1,880,000 shares in the last quarter. Franklin Resources Inc. lifted 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 valued at $102,340,000 after buying an additional 3,252,492 shares in the last quarter. Banco Santander S.A. boosted its holdings in shares of Stellantis by 282.2% in the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock worth $94,717,000 after buying an additional 5,359,190 shares during the period. Finally, Quadrature Capital Ltd increased its position in shares of Stellantis by 30.4% in the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company's stock worth $47,752,000 after acquiring an additional 802,497 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Performance

Shares of STLA stock opened at $12.75 on Friday. Stellantis has a fifty-two week low of $11.40 and a fifty-two week high of $29.51. The stock's 50-day moving average is $13.11 and its two-hundred day moving average is $13.72. 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 firm has a market cap of $38.53 billion, a P/E ratio of 3.74 and a beta of 1.64.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They issued an "inline" rating for the company. TD Cowen initiated coverage on Stellantis in a report on Friday. They issued a "hold" rating and a $13.00 target price for the company. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.47.

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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.

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