Compagnie Lombard Odier SCmA Purchases 35,746 Shares of Stellantis (NYSE:STLA)

Compagnie Lombard Odier SCmA lifted its position in shares of Stellantis (NYSE:STLA) by 16.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,621 shares of the company’s stock after purchasing an additional 35,746 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Stellantis were worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its holdings in shares of Stellantis by 3.5% during the first quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock worth $387,000 after purchasing an additional 463 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Stellantis by 5.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after purchasing an additional 562 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Stellantis by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after acquiring an additional 636 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Stellantis by 6.0% in the first quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock worth $326,000 after acquiring an additional 656 shares during the period. Finally, Janiczek Wealth Management LLC lifted its stake 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 acquiring an additional 660 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Stellantis stock traded down $0.29 during trading on Friday, hitting $13.01. 14,645,679 shares of the company were exchanged, compared to its average volume of 6,861,761. The business’s 50 day moving average is $15.31 and its 200 day moving average is $19.80. Stellantis has a 52 week low of $12.74 and a 52 week high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

A number of equities analysts recently commented on STLA shares. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Sanford C. Bernstein started coverage on Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $16.44 price target (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and a consensus price target of $27.34.

Insider Buying and Selling at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis acquired 2,982,089 shares of Stellantis stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the purchase, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.02% of the company’s stock.

Stellantis Company 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.