Baader Bank Aktiengesellschaft Has $574,000 Stock Position in Stellantis (NYSE:STLA)

Baader Bank Aktiengesellschaft cut its holdings in Stellantis (NYSE:STLA) by 14.4% during the 4th quarter, HoldingsChannel reports. The fund owned 24,600 shares of the company’s stock after selling 4,130 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Stellantis were worth $574,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of STLA. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Stellantis in the 3rd quarter valued at approximately $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Stellantis during the fourth quarter worth $40,000. Solstein Capital LLC acquired a new position in shares of Stellantis during the fourth quarter worth $50,000. Smithfield Trust Co lifted its stake in shares of Stellantis by 23.0% in the 3rd quarter. Smithfield Trust Co now owns 3,589 shares of the company’s stock valued at $69,000 after acquiring an additional 670 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Stellantis during the 3rd quarter worth $88,000. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Performance

Shares of NYSE STLA traded down $0.23 during trading on Friday, hitting $22.60. 2,424,009 shares of the company traded hands, compared to its average volume of 5,710,792. The business’s fifty day moving average is $25.85 and its 200 day moving average is $23.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. Stellantis has a fifty-two week low of $15.07 and a fifty-two week high of $29.51.

Stellantis Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a $1.147 dividend. The ex-dividend date of this dividend was Monday, April 22nd. This represents a yield of 4.55%.

Analysts Set New Price Targets

Several research firms recently commented on STLA. Sanford C. Bernstein downgraded shares of Stellantis from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Wolfe Research started coverage on Stellantis in a report on Thursday, February 1st. They issued an “outperform” rating for the company. Redburn Atlantic started coverage on Stellantis in a report on Wednesday, January 24th. They set a “buy” rating on the stock. Piper Sandler assumed coverage on Stellantis in a research report on Friday, March 15th. They set an “overweight” rating and a $39.00 price objective for the company. Finally, Morgan Stanley increased their target price on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.28.

Insider Buying and Selling at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis purchased 750,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $5.19 per share, for a total transaction of $3,892,500.00. Following the purchase, the insider now owns 39,351,720 shares of the company’s stock, valued at approximately $204,235,426.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders bought 3,150,000 shares of company stock valued at $15,724,500. Company insiders own 0.02% of the company’s stock.

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.