Investment House LLC Has $366,000 Stock Position in Stellantis (NYSE:STLA)

Investment House LLC reduced its stake in shares of Stellantis (NYSE:STLA - Free Report) by 68.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,025 shares of the company's stock after selling 62,225 shares during the quarter. Investment House LLC's holdings in Stellantis were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AustralianSuper Pty Ltd grew its position in Stellantis by 34.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock worth $159,495,000 after acquiring an additional 3,121,462 shares during the last quarter. Conifer Management L.L.C. grew its holdings in shares of Stellantis by 26.4% during the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company's stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Stellantis by 74.7% during the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock worth $102,340,000 after purchasing an additional 3,252,492 shares during the last quarter. Banco Santander S.A. grew its holdings in shares of Stellantis by 282.2% during the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock worth $94,717,000 after purchasing an additional 5,359,190 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Stellantis in the fourth quarter valued at $53,858,000. 59.48% of the stock is owned by institutional investors.

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Stellantis Trading Up 1.8 %

Shares of Stellantis stock traded up $0.22 on Monday, hitting $12.29. 12,709,785 shares of the company's stock traded hands, compared to its average volume of 8,842,885. Stellantis has a one year low of $11.40 and a one year high of $29.51. 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 has a market capitalization of $37.14 billion, a PE ratio of 3.60 and a beta of 1.64. The firm's 50-day moving average price is $13.01 and its two-hundred day moving average price is $13.41.

Wall Street Analyst Weigh In

A number of brokerages have commented on STLA. Cowen initiated coverage on shares of Stellantis in a report on Thursday, March 6th. They set a "hold" rating on the stock. TD Cowen initiated coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target for the company. Finally, Piper Sandler downgraded Stellantis from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $13.00 in a report on Thursday. Ten equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.