Stellantis (NYSE:STLA) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Stellantis (NYSE:STLA - Free Report) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,343,644 shares of the company's stock after selling 264,448 shares during the quarter. Swiss National Bank owned about 0.20% of Stellantis worth $87,929,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capital International Investors lifted its holdings in shares of Stellantis by 329.3% during the 1st quarter. Capital International Investors now owns 22,503,781 shares of the company's stock valued at $639,609,000 after acquiring an additional 17,261,955 shares in the last quarter. Capital World Investors grew its stake in shares of Stellantis by 63.4% in the first quarter. Capital World Investors now owns 13,756,552 shares of the company's stock valued at $390,811,000 after buying an additional 5,336,868 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Stellantis by 0.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company's stock valued at $194,755,000 after buying an additional 43,159 shares during the period. AustralianSuper Pty Ltd lifted its position in Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company's stock worth $125,597,000 after acquiring an additional 1,894,146 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Stellantis by 19.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company's stock worth $177,163,000 after acquiring an additional 1,425,814 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Down 2.2 %

Shares of STLA traded down $0.30 during midday trading on Tuesday, hitting $13.09. 7,179,431 shares of the stock traded hands, compared to its average volume of 6,925,630. Stellantis has a 1-year low of $12.74 and a 1-year high of $29.51. 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 business's 50 day moving average price is $13.94 and its two-hundred day moving average price is $17.47.

Analysts Set New Price Targets

STLA has been the topic of a number of recent research reports. Royal Bank of Canada reissued a "sector perform" rating on shares of Stellantis in a research report on Friday, October 4th. Wolfe Research reiterated a "peer perform" rating on shares of Stellantis in a research note on Thursday, September 5th. Nomura Securities upgraded Stellantis from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 31st. Nomura upgraded Stellantis from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 31st. Finally, Barclays cut shares of Stellantis from an "overweight" rating to an "equal weight" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Stellantis presently has a consensus rating of "Hold" and an average price target of $27.34.

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.