20,341 Shares in Stellantis (NYSE:STLA) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in shares of Stellantis (NYSE:STLA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,341 shares of the company’s stock, valued at approximately $265,000.

Other institutional investors have also recently modified their holdings of the company. AustralianSuper Pty Ltd raised its holdings in Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock valued at $159,495,000 after acquiring an additional 3,121,462 shares during the last quarter. Conifer Management L.L.C. boosted its position in Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the period. Franklin Resources Inc. boosted its position in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after purchasing an additional 3,252,492 shares during the period. Quadrature Capital Ltd boosted its position in Stellantis by 30.4% during the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock worth $47,752,000 after purchasing an additional 802,497 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Stellantis by 464.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after purchasing an additional 2,671,500 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Stellantis Stock Performance

Shares of Stellantis stock opened at $12.91 on Thursday. The firm has a market cap of $39.01 billion, a PE ratio of 3.78 and a beta of 1.64. The firm’s 50-day simple moving average is $13.12 and its 200-day simple moving average is $13.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 1 year low of $11.40 and a 1 year high of $29.51.

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.