Jones Financial Companies Lllp Acquires 38,087 Shares of Stellantis (NYSE:STLA)

Jones Financial Companies Lllp boosted its holdings in Stellantis (NYSE:STLA) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,974 shares of the company’s stock after buying an additional 38,087 shares during the quarter. Jones Financial Companies Lllp’s holdings in Stellantis were worth $1,357,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in Stellantis in the 4th quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new position in Stellantis during the 3rd quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB raised its holdings in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. Spire Wealth Management raised its holdings in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in Stellantis by 160.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

STLA has been the subject of several analyst reports. TD Cowen initiated coverage on shares of Stellantis in a report on Friday. They set a “hold” rating and a $13.00 price target for the company. Evercore ISI initiated coverage on shares of Stellantis in a report on Monday, November 11th. They set an “inline” rating for the company. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.47.

Stellantis Stock Performance

NYSE:STLA opened at $12.75 on Friday. The company has a fifty day moving average of $13.11 and a 200-day moving average of $13.76. The firm has a market capitalization of $38.53 billion, a P/E ratio of 3.74 and a beta of 1.64. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51.

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.