Vanguard Group Inc. Has $1.10 Billion Stock Holdings in Stellantis (NYSE:STLA)

Vanguard Group Inc. increased its position in shares of Stellantis (NYSE:STLA - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,551,129 shares of the company's stock after buying an additional 2,102,528 shares during the period. Vanguard Group Inc. owned 2.80% of Stellantis worth $1,099,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Stellantis by 59.7% during the third quarter. Cerity Partners LLC now owns 79,737 shares of the company's stock valued at $1,120,000 after acquiring an additional 29,797 shares during the period. Bank of Montreal Can boosted its stake in Stellantis by 33.4% during the 3rd quarter. Bank of Montreal Can now owns 1,704,996 shares of the company's stock valued at $23,955,000 after purchasing an additional 426,445 shares during the period. FMR LLC grew its holdings in Stellantis by 4.9% in the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company's stock valued at $44,083,000 after buying an additional 145,583 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Stellantis by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,980,732 shares of the company's stock worth $27,429,000 after buying an additional 193,653 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Stellantis by 18.1% during the third quarter. Public Sector Pension Investment Board now owns 1,099,313 shares of the company's stock worth $15,223,000 after buying an additional 168,520 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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Stellantis Price Performance

NYSE STLA traded down $0.10 on Monday, reaching $11.23. The company's stock had a trading volume of 19,999,155 shares, compared to its average volume of 9,319,253. Stellantis has a 52 week low of $10.91 and a 52 week high of $28.49. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a market cap of $33.96 billion, a PE ratio of 3.29 and a beta of 1.64. The business has a 50-day moving average price of $12.95 and a 200 day moving average price of $13.28.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on STLA shares. Cowen started coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating on the stock. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Stellantis presently has an average rating of "Hold" and a consensus price target of $19.27.

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.