Swiss National Bank Decreases Stock Position in Stellantis (NYSE:STLA)

Swiss National Bank trimmed its holdings in Stellantis (NYSE:STLA - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,772,042 shares of the company's stock after selling 571,602 shares during the quarter. Swiss National Bank owned approximately 0.19% of Stellantis worth $75,413,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Prospera Financial Services Inc increased its holdings in shares of Stellantis by 9.5% in the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company's stock valued at $192,000 after acquiring an additional 1,192 shares during the period. Spire Wealth Management grew its position in Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after buying an additional 1,211 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock valued at $212,000 after buying an additional 1,481 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after buying an additional 1,489 shares during the last quarter. Finally, Caprock Group LLC grew its position in Stellantis by 6.9% in the 4th quarter. Caprock Group LLC now owns 24,293 shares of the company's stock valued at $317,000 after buying an additional 1,558 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Stellantis Price Performance

Shares of NYSE STLA traded up $0.05 during trading on Wednesday, hitting $12.68. 6,514,468 shares of the company were exchanged, compared to its average volume of 13,312,187. The company has a market cap of $38.32 billion, a price-to-earnings ratio of 3.72 and a beta of 1.64. Stellantis has a 1 year low of $11.40 and a 1 year high of $29.51. The firm's fifty day moving average price is $13.04 and its 200 day moving average price is $13.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective on the stock. Cowen assumed coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating on the stock. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.84.

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.