Capital International Investors Grows Position in Stellantis (NYSE:STLA)

Capital International Investors raised its holdings in shares of Stellantis (NYSE:STLA) by 329.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,503,781 shares of the company’s stock after purchasing an additional 17,261,955 shares during the quarter. Capital International Investors owned approximately 0.72% of Stellantis worth $639,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Stellantis by 4.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock worth $253,000 after buying an additional 430 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Stellantis by 3.5% in the first quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock worth $387,000 after buying an additional 463 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Stellantis by 5.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after buying an additional 562 shares in the last quarter. Five Oceans Advisors lifted its holdings in shares of Stellantis by 5.0% in the fourth quarter. Five Oceans Advisors now owns 12,410 shares of the company’s stock worth $289,000 after buying an additional 593 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in shares of Stellantis by 2.4% in the first quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock worth $805,000 after buying an additional 660 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Down 2.3 %

Stellantis stock traded down $0.42 on Friday, hitting $17.67. 12,014,053 shares of the stock traded hands, compared to its average volume of 6,012,990. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. The business’s fifty day simple moving average is $20.76 and its 200 day simple moving average is $23.47. Stellantis has a 1 year low of $17.42 and a 1 year high of $29.51.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Stellantis in a research report on Friday, June 28th. They issued a “market perform” rating and a $23.50 price objective on the stock. 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 company an “overweight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Stellantis has a consensus rating of “Moderate Buy” and a consensus price target of $29.55.

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.