Atomi Financial Group Inc. Buys 2,474 Shares of Stellantis (NYSE:STLA)

Atomi Financial Group Inc. raised its stake in Stellantis (NYSE:STLA) by 22.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,394 shares of the company’s stock after acquiring an additional 2,474 shares during the quarter. Atomi Financial Group Inc.’s holdings in Stellantis were worth $379,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Susquehanna International Securities Ltd. raised its holdings in Stellantis by 89.0% in the 1st quarter. Susquehanna International Securities Ltd. now owns 896,850 shares of the company’s stock valued at $25,381,000 after acquiring an additional 422,203 shares during the period. ANTIPODES PARTNERS Ltd grew its position in shares of Stellantis by 184,881.3% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,089,187 shares of the company’s stock worth $87,424,000 after purchasing an additional 3,087,517 shares in the last quarter. JCIC Asset Management Inc. grew its position in shares of Stellantis by 1.0% during the 1st quarter. JCIC Asset Management Inc. now owns 181,563 shares of the company’s stock worth $5,138,000 after purchasing an additional 1,775 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Stellantis by 1.9% during the 1st quarter. SG Americas Securities LLC now owns 813,860 shares of the company’s stock worth $23,032,000 after purchasing an additional 15,437 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of Stellantis by 256.5% during the 1st quarter. Empowered Funds LLC now owns 33,756 shares of the company’s stock worth $955,000 after purchasing an additional 24,288 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STLA has been the topic of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of Stellantis in a research report on Friday, June 28th. They set a “market perform” rating and a $23.50 target price on the stock. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Finally, Morgan Stanley increased their price target on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.55.

Stellantis Price Performance

NYSE STLA traded up $0.05 during mid-day trading on Monday, reaching $20.36. 3,355,637 shares of the stock were exchanged, compared to its average volume of 5,806,668. Stellantis has a one year low of $17.57 and a one year high of $29.51. The stock has a 50 day simple moving average of $21.28 and a 200-day simple moving average of $23.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95.

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.