AustralianSuper Pty Ltd Purchases 3,121,462 Shares of Stellantis (NYSE:STLA)

AustralianSuper Pty Ltd boosted its holdings in Stellantis (NYSE:STLA - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,210,877 shares of the company's stock after purchasing an additional 3,121,462 shares during the quarter. AustralianSuper Pty Ltd owned about 0.40% of Stellantis worth $159,495,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Life Planning Partners Inc acquired a new stake in Stellantis in the 4th quarter valued at $85,000. Howard Bailey Securities LLC acquired a new stake in Stellantis in the 4th quarter valued at $133,000. Strengthening Families & Communities LLC grew its position in Stellantis by 38.3% in the 4th quarter. Strengthening Families & Communities LLC now owns 42,338 shares of the company's stock valued at $552,000 after purchasing an additional 11,734 shares during the period. swisspartners Advisors Ltd grew its position in Stellantis by 6.1% in the 4th quarter. swisspartners Advisors Ltd now owns 660,320 shares of the company's stock valued at $8,617,000 after purchasing an additional 38,220 shares during the period. Finally, Four Tree Island Advisory LLC bought a new position in Stellantis during the 4th quarter valued at $2,019,000. Institutional investors and hedge funds own 59.48% of the company's stock.

Analysts Set New Price Targets

Separately, Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They set an "inline" rating on the stock. Seven research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.34.

Stellantis Stock Performance

NYSE:STLA traded up $0.17 during trading hours on Tuesday, hitting $14.22. 7,415,197 shares of the company traded hands, compared to its average volume of 10,222,049. Stellantis has a one year low of $12.12 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 firm's 50-day simple moving average is $13.12 and its 200-day simple moving average is $13.93.

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.