Stellantis (NYSE:STLA) Position Trimmed by Investment House LLC

Investment House LLC trimmed its stake in Stellantis (NYSE:STLA) by 68.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,025 shares of the company’s stock after selling 62,225 shares during the quarter. Investment House LLC’s holdings in Stellantis were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in Stellantis by 4.9% in the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after purchasing an additional 145,583 shares in the last quarter. Four Tree Island Advisory LLC acquired a new stake in shares of Stellantis during the 4th quarter valued at about $2,019,000. World Investment Advisors LLC bought a new stake in shares of Stellantis in the 3rd quarter valued at approximately $1,324,000. Sound Income Strategies LLC increased its holdings in Stellantis by 13.4% in the fourth quarter. Sound Income Strategies LLC now owns 317,637 shares of the company’s stock worth $4,145,000 after buying an additional 37,627 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd raised its position in Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after acquiring an additional 118,635 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Trading Up 0.4 %

Stellantis stock opened at $12.68 on Thursday. Stellantis has a 52 week low of $11.40 and a 52 week high of $29.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The firm has a market capitalization of $38.32 billion, a PE ratio of 3.72 and a beta of 1.64. The business’s 50-day simple moving average is $13.04 and its 200-day simple moving average is $13.48.

Analysts Set New Price Targets

Several analysts have commented on STLA shares. TD Cowen began coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a “hold” rating and a $13.00 target price for the company. Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.84.

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.