Allspring Global Investments Holdings LLC lessened its stake in shares of Stellantis (NYSE:STLA - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 164,727 shares of the company's stock after selling 19,939 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Stellantis were worth $2,147,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. AustralianSuper Pty Ltd lifted its holdings in shares of Stellantis by 26.3% during the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company's stock worth $125,597,000 after purchasing an additional 1,894,146 shares during the period. Conifer Management L.L.C. lifted 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 period. Franklin Resources Inc. lifted 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 period. Quadrature Capital Ltd lifted its holdings in shares of Stellantis by 30.4% during the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company's stock worth $47,752,000 after purchasing an additional 802,497 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of 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 worth $45,618,000 after purchasing an additional 2,671,500 shares during the period. Institutional investors own 59.48% of the company's stock.
Wall Street Analyst Weigh In
Separately, Evercore ISI assumed coverage on shares of Stellantis in a report on Monday, November 11th. They set an "inline" rating on the stock. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $27.34.
Check Out Our Latest Research Report on Stellantis
Stellantis Price Performance
STLA stock traded down $0.17 during midday trading on Friday, hitting $13.95. The stock had a trading volume of 8,185,504 shares, compared to its average volume of 10,763,956. 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 1-year low of $12.12 and a 1-year high of $29.51. The business has a fifty day moving average price of $13.13 and a two-hundred day moving average price of $13.90.
About Stellantis
(
Free Report)
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.
Featured Stories
Before you consider Stellantis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stellantis wasn't on the list.
While Stellantis currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
