Janney Montgomery Scott LLC acquired a new stake in Stellantis (NYSE:STLA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 40,393 shares of the company's stock, valued at approximately $527,000.
Other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in Stellantis by 4.9% in the third quarter. FMR LLC now owns 3,137,594 shares of the company's stock valued at $44,083,000 after purchasing an additional 145,583 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in Stellantis by 17.4% in the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company's stock valued at $9,426,000 after purchasing an additional 99,388 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Stellantis by 47.1% in the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company's stock valued at $3,934,000 after purchasing an additional 89,594 shares during the last quarter. World Investment Advisors LLC purchased a new position in Stellantis in the third quarter valued at approximately $1,324,000. Finally, Te Ahumairangi Investment Management Ltd lifted its stake in Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock valued at $7,408,000 after purchasing an additional 118,635 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They issued an "inline" rating on the stock. Seven 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $27.34.
Get Our Latest Stock Report on STLA
Stellantis Stock Performance
Shares of Stellantis stock traded up $0.20 during trading on Wednesday, hitting $13.29. The stock had a trading volume of 14,088,562 shares, compared to its average volume of 9,729,154. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51. The business's 50-day moving average is $13.08 and its 200 day moving average is $14.03. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.
Stellantis Company Profile
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Free Report)
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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