XTX Topco Ltd Has $376,000 Holdings in Stellantis (NYSE:STLA)

XTX Topco Ltd lessened its holdings in Stellantis (NYSE:STLA - Free Report) by 68.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,763 shares of the company's stock after selling 59,064 shares during the quarter. XTX Topco Ltd's holdings in Stellantis were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STLA. Mediolanum International Funds Ltd boosted its holdings in shares of Stellantis by 17.4% during the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company's stock valued at $9,426,000 after acquiring an additional 99,388 shares during the period. FMR LLC boosted its holdings in shares of Stellantis by 4.9% during the third quarter. FMR LLC now owns 3,137,594 shares of the company's stock valued at $44,083,000 after acquiring an additional 145,583 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Stellantis by 47.1% during the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company's stock valued at $3,934,000 after acquiring an additional 89,594 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Stellantis by 10.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,980,732 shares of the company's stock valued at $27,429,000 after acquiring an additional 193,653 shares during the period. Finally, AM Squared Ltd acquired a new position in shares of Stellantis during the third quarter valued at $641,000. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Price Performance

Stellantis stock traded up $0.17 during midday trading on Tuesday, hitting $13.35. The company's stock had a trading volume of 10,264,761 shares, compared to its average volume of 7,241,632. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average price is $13.30 and its 200-day moving average price is $16.13. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51. The company has a market capitalization of $41.82 billion, a PE ratio of 4.38, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Wall Street Analyst Weigh In

STLA has been the subject of several analyst reports. Evercore ISI assumed coverage on shares of Stellantis in a report on Monday, November 11th. They set an "inline" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Stellantis in a research note on Thursday, September 5th. Barclays cut shares of Stellantis from an "overweight" rating to an "equal weight" rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada restated a "sector perform" rating on shares of Stellantis in a research note on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Stellantis has a consensus rating of "Hold" and a consensus price target of $27.34.

About Stellantis

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.