Stellantis (NYSE:STLA) Shares Purchased by Korea Investment CORP

Korea Investment CORP boosted its holdings in Stellantis (NYSE:STLA - Free Report) by 32.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,305,558 shares of the company's stock after buying an additional 317,091 shares during the quarter. Korea Investment CORP's holdings in Stellantis were worth $17,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in shares of Stellantis during the 4th quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB raised its stake in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after acquiring an additional 1,489 shares in the last quarter. Spire Wealth Management lifted its position in Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after acquiring an additional 1,211 shares during the last quarter. Central Pacific Bank Trust Division boosted 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 acquiring an additional 4,000 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Stellantis during the fourth quarter worth about $85,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on STLA shares. Cowen started coverage on Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective for the company. Finally, Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.27.

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Stellantis Stock Performance

Shares of NYSE:STLA traded down $0.12 during trading on Tuesday, reaching $11.09. The company had a trading volume of 16,397,020 shares, compared to its average volume of 9,347,345. Stellantis has a fifty-two week low of $10.96 and a fifty-two week high of $28.49. 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 price is $12.92 and its 200 day moving average price is $13.26. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of 3.25 and a beta of 1.64.

Stellantis Company Profile

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.