Stellantis (NYSE:STLA) Position Lifted by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in Stellantis (NYSE:STLA - Free Report) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,563,705 shares of the company's stock after acquiring an additional 1,958,142 shares during the period. Franklin Resources Inc. owned approximately 0.32% of Stellantis worth $124,309,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of STLA. Vanguard Group Inc. grew its holdings in shares of Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock worth $1,099,842,000 after purchasing an additional 2,102,528 shares during the period. Norges Bank acquired a new position in Stellantis during the fourth quarter valued at approximately $609,076,000. AustralianSuper Pty Ltd grew its stake in Stellantis by 34.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock worth $159,495,000 after buying an additional 3,121,462 shares during the period. Banco Santander S.A. increased its position in shares of Stellantis by 282.2% in the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock worth $94,717,000 after acquiring an additional 5,359,190 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Stellantis in the 4th quarter valued at $53,858,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STLA. Cowen began coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. TD Cowen started coverage on Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price for the company. Finally, Piper Sandler downgraded 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 report on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.27.

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Stellantis Stock Down 4.8 %

Shares of NYSE:STLA traded down $0.50 during trading on Friday, hitting $9.72. The company's stock had a trading volume of 32,355,225 shares, compared to its average volume of 9,616,576. Stellantis has a fifty-two week low of $9.36 and a fifty-two week high of $27.56. The stock's 50-day moving average price is $12.71 and its two-hundred day moving average price is $13.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company has a market capitalization of $29.37 billion, a PE ratio of 2.85 and a beta of 1.44.

Stellantis Company 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.