Life Planning Partners Inc Makes New Investment in Stellantis (NYSE:STLA)

Life Planning Partners Inc acquired a new position in Stellantis (NYSE:STLA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,525 shares of the company’s stock, valued at approximately $85,000.

A number of other large investors have also added to or reduced their stakes in STLA. KMG Fiduciary Partners LLC boosted its holdings in shares of Stellantis by 8.8% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 82,083 shares of the company’s stock worth $1,153,000 after purchasing an additional 6,632 shares during the period. Blue Trust Inc. boosted its holdings in shares of Stellantis by 114.0% in the 3rd quarter. Blue Trust Inc. now owns 32,454 shares of the company’s stock worth $456,000 after purchasing an additional 17,287 shares during the period. Glenorchy Capital Ltd boosted its holdings in shares of Stellantis by 29.6% in the 3rd quarter. Glenorchy Capital Ltd now owns 27,361 shares of the company’s stock worth $384,000 after purchasing an additional 6,247 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Stellantis by 3,662.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 184,666 shares of the company’s stock worth $2,557,000 after purchasing an additional 179,758 shares during the period. Finally, Waldron Private Wealth LLC purchased a new position in shares of Stellantis in the 3rd quarter worth approximately $33,000. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Stellantis has an average rating of “Hold” and an average target price of $27.34.

Stellantis Trading Up 3.7 %

Shares of NYSE:STLA opened at $14.04 on Friday. The business’s 50-day moving average is $13.11 and its 200 day moving average is $14.00. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51. The firm has a market capitalization of $42.43 billion, a P/E ratio of 4.23, a P/E/G ratio of 0.38 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

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.