94,235 Shares in Stellantis (NYSE:STLA) Purchased by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in shares of Stellantis (NYSE:STLA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 94,235 shares of the company's stock, valued at approximately $1,324,000.

Several other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in Stellantis by 26.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 49,099 shares of the company's stock worth $974,000 after buying an additional 10,336 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Stellantis by 8.1% during the second quarter. Assenagon Asset Management S.A. now owns 153,775 shares of the company's stock valued at $3,044,000 after purchasing an additional 11,581 shares in the last quarter. Blue Trust Inc. boosted its holdings in Stellantis by 275.5% during the second quarter. Blue Trust Inc. now owns 15,167 shares of the company's stock worth $301,000 after purchasing an additional 11,128 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Stellantis by 26.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 58,019 shares of the company's stock worth $1,152,000 after purchasing an additional 12,090 shares during the last quarter. Finally, Legacy Capital Group California Inc. grew its position in Stellantis by 7.0% in the 2nd quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company's stock worth $214,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Price Performance

NYSE STLA traded down $0.77 during trading hours on Monday, hitting $13.18. The company had a trading volume of 13,845,813 shares, compared to its average volume of 7,229,074. The firm has a 50 day simple moving average of $13.30 and a 200 day simple moving average of $16.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51. The firm has a market capitalization of $41.29 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 0.45 and a beta of 1.60.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI started coverage on Stellantis in a research note on Monday, November 11th. They issued an "inline" rating on the stock. Barclays downgraded shares of Stellantis from an "overweight" rating to an "equal weight" rating in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Stellantis in a report on Friday, October 4th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Stellantis in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.34.

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.