SG Americas Securities LLC Sells 278,501 Shares of Stellantis (NYSE:STLA)

SG Americas Securities LLC cut its holdings in shares of Stellantis (NYSE:STLA - Free Report) by 96.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,204 shares of the company's stock after selling 278,501 shares during the quarter. SG Americas Securities LLC's holdings in Stellantis were worth $133,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Waldron Private Wealth LLC acquired a new position in shares of Stellantis in the third quarter valued at $33,000. Cromwell Holdings LLC raised its stake in shares of Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company's stock valued at $42,000 after purchasing an additional 1,036 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Stellantis in the third quarter valued at $47,000. MassMutual Private Wealth & Trust FSB raised its stake in Stellantis by 67.0% during the fourth 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. Finally, ORG Partners LLC raised its stake in Stellantis by 112.1% during the third quarter. ORG Partners LLC now owns 4,030 shares of the company's stock worth $57,000 after acquiring an additional 2,130 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They set an "inline" rating for the company. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $27.34.

Stellantis Stock Performance

Shares of STLA stock traded up $0.51 during trading hours on Friday, hitting $14.04. 12,554,226 shares of the company's stock were exchanged, compared to its average volume of 9,264,148. The stock's 50-day moving average is $13.11 and its 200-day moving average is $13.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51.

Stellantis 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.