Stellantis (NYSE:STLA) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Stellantis (NYSE:STLA - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,368,661 shares of the company's stock after selling 78,743 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Stellantis were worth $17,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cerity Partners LLC grew its holdings in Stellantis by 59.7% during the 3rd quarter. Cerity Partners LLC now owns 79,737 shares of the company's stock worth $1,120,000 after acquiring an additional 29,797 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Stellantis by 33.4% in the third quarter. Bank of Montreal Can now owns 1,704,996 shares of the company's stock valued at $23,955,000 after purchasing an additional 426,445 shares during the period. FMR LLC raised its position in Stellantis by 4.9% during the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company's stock worth $44,083,000 after buying an additional 145,583 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Stellantis by 464.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company's stock valued at $45,618,000 after purchasing an additional 2,671,500 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Stellantis by 10.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,980,732 shares of the company's stock valued at $27,429,000 after acquiring an additional 193,653 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

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Stellantis Trading Down 1.2 %

Shares of Stellantis stock traded down $0.13 during trading hours on Monday, reaching $11.20. 15,534,546 shares of the company's stock were exchanged, compared to its average volume of 9,304,212. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $33.85 billion, a price-to-earnings ratio of 3.29 and a beta of 1.64. The company has a fifty day moving average of $12.95 and a 200-day moving average of $13.28. Stellantis has a 52-week low of $10.91 and a 52-week high of $28.49.

Wall Street Analyst Weigh In

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

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.