M&G Plc Has $73.03 Million Position in Stellantis (NYSE:STLA)

M&G Plc lowered its holdings in shares of Stellantis (NYSE:STLA) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,786,294 shares of the company’s stock after selling 782,216 shares during the quarter. M&G Plc’s holdings in Stellantis were worth $73,027,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of Stellantis by 11.5% during the fourth quarter. Cerity Partners LLC now owns 45,062 shares of the company’s stock worth $1,051,000 after buying an additional 4,636 shares in the last quarter. SVB Wealth LLC grew its holdings in shares of Stellantis by 6.2% during the fourth quarter. SVB Wealth LLC now owns 13,480 shares of the company’s stock worth $314,000 after buying an additional 786 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of Stellantis by 5.1% during the fourth quarter. DGS Capital Management LLC now owns 77,076 shares of the company’s stock worth $1,797,000 after buying an additional 3,734 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Stellantis by 13.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,335,524 shares of the company’s stock worth $31,202,000 after buying an additional 162,388 shares in the last quarter. Finally, Sfmg LLC grew its holdings in shares of Stellantis by 1.4% during the fourth quarter. Sfmg LLC now owns 236,773 shares of the company’s stock worth $5,522,000 after buying an additional 3,370 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STLA shares. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Sanford C. Bernstein initiated coverage on Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 price target for the company. Finally, Barclays upgraded Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Stellantis currently has an average rating of “Moderate Buy” and a consensus target price of $27.34.

Stellantis Stock Performance

Shares of STLA traded up $0.22 during mid-day trading on Tuesday, reaching $15.42. The company’s stock had a trading volume of 9,173,386 shares, compared to its average volume of 6,317,351. Stellantis has a 1-year low of $15.11 and a 1-year high of $29.51. The stock has a market cap of $48.29 billion, a P/E ratio of 2.99, a PEG ratio of 0.24 and a beta of 1.63. The business has a 50-day simple moving average of $19.40 and a two-hundred day simple moving average of $23.04. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26.

Insider Activity

In other news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the acquisition, the insider now owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.02% of the company’s stock.

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.