Vanguard Group Inc. Purchases 2,002,880 Shares of Stellantis N.V. $STLA

Vanguard Group Inc. boosted its position in Stellantis N.V. (NYSE:STLA) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,143,705 shares of the company’s stock after acquiring an additional 2,002,880 shares during the quarter. Vanguard Group Inc.’s holdings in Stellantis were worth $883,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp bought a new position in shares of Stellantis in the 2nd quarter valued at $37,000. MassMutual Private Wealth & Trust FSB boosted its stake in Stellantis by 137.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock valued at $52,000 after buying an additional 3,202 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after buying an additional 2,448 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Stellantis in the second quarter valued at about $101,000. Finally, Olympiad Research LP acquired a new position in Stellantis during the third quarter worth about $104,000. 59.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on STLA shares. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Sanford C. Bernstein reissued a “market perform” rating and issued a $9.90 price objective on shares of Stellantis in a research note on Wednesday, January 14th. Piper Sandler set a $15.00 target price on shares of Stellantis and gave the stock an “overweight” rating in a research note on Thursday, January 8th. BNP Paribas Exane downgraded shares of Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Finally, TD Cowen reissued a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.67.

Stellantis Stock Up 3.0%

STLA opened at $7.74 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. Stellantis N.V. has a fifty-two week low of $7.03 and a fifty-two week high of $14.28. The company’s 50 day moving average price is $9.91 and its two-hundred day moving average price is $10.07.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.