Natixis Advisors LLC Decreases Stock Position in Stellantis (NYSE:STLA)

Natixis Advisors LLC trimmed its stake in shares of Stellantis (NYSE:STLA - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,380 shares of the company's stock after selling 20,665 shares during the period. Natixis Advisors LLC's holdings in Stellantis were worth $1,336,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of STLA. Rakuten Securities Inc. raised its holdings in shares of Stellantis by 792.6% in the fourth quarter. Rakuten Securities Inc. now owns 9,488 shares of the company's stock worth $124,000 after acquiring an additional 8,425 shares during the last quarter. Great Lakes Advisors LLC raised its stake in Stellantis by 8.6% in the 4th quarter. Great Lakes Advisors LLC now owns 144,809 shares of the company's stock valued at $1,890,000 after purchasing an additional 11,465 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock valued at $212,000 after purchasing an additional 1,481 shares in the last quarter. Ruffer LLP boosted its stake in shares of Stellantis by 64.7% during the 4th quarter. Ruffer LLP now owns 1,479,686 shares of the company's stock worth $19,285,000 after purchasing an additional 581,386 shares during the last quarter. Finally, Blankinship & Foster LLC purchased a new stake in shares of Stellantis during the fourth quarter worth about $135,000. Hedge funds and other institutional investors own 59.48% of the company's stock.

Analyst Ratings Changes

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

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Stellantis Trading Down 4.0 %

STLA traded down $0.48 during trading on Friday, hitting $11.34. 15,804,898 shares of the company's stock were exchanged, compared to its average volume of 9,276,533. Stellantis has a 1 year low of $11.29 and a 1 year high of $28.49. The stock has a 50 day moving average price of $12.95 and a 200 day moving average price of $13.30. The firm has a market cap of $34.27 billion, a P/E ratio of 3.32 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

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.