Mediolanum International Funds Ltd boosted its position in Stellantis (NYSE:STLA - Free Report) by 43.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 961,657 shares of the company's stock after buying an additional 290,764 shares during the quarter. Mediolanum International Funds Ltd's holdings in Stellantis were worth $12,537,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of STLA. R Squared Ltd acquired a new stake in shares of Stellantis in the fourth quarter valued at about $86,000. Blue Trust Inc. boosted its stake in Stellantis by 17.2% during the 4th quarter. Blue Trust Inc. now owns 38,041 shares of the company's stock valued at $534,000 after purchasing an additional 5,587 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Stellantis in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC increased its position in Stellantis by 13.4% in the 4th quarter. Sound Income Strategies LLC now owns 317,637 shares of the company's stock worth $4,145,000 after buying an additional 37,627 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Stellantis during the fourth quarter worth approximately $527,000. Institutional investors own 59.48% of the company's stock.
Stellantis Stock Down 3.0 %
STLA stock opened at $13.12 on Friday. 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 has a 1-year low of $12.12 and a 1-year high of $29.51. The business's 50 day moving average is $13.06 and its 200-day moving average is $14.44.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They set an "inline" rating on the stock. Royal Bank of Canada restated a "sector perform" rating on shares of Stellantis in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.34.
View Our Latest Analysis on STLA
About Stellantis
(
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.
Further Reading
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