Stellantis N.V. $STLA Stake Lessened by Seven Six Capital Management LLC

Seven Six Capital Management LLC decreased its position in shares of Stellantis N.V. (NYSE:STLA) by 27.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,700 shares of the company’s stock after selling 93,100 shares during the period. Stellantis accounts for about 2.3% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Seven Six Capital Management LLC’s holdings in Stellantis were worth $2,332,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of Italy boosted its position in shares of Stellantis by 11.6% during the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock valued at $338,212,000 after purchasing an additional 3,800,000 shares in the last quarter. Generali Asset Management SPA SGR boosted its position in Stellantis by 2.2% during the third quarter. Generali Asset Management SPA SGR now owns 4,743,160 shares of the company’s stock valued at $44,301,000 after purchasing an additional 102,328 shares during the last quarter. Elgethun Capital Management grew its stake in Stellantis by 8.2% in the second quarter. Elgethun Capital Management now owns 342,727 shares of the company’s stock valued at $3,438,000 after purchasing an additional 26,042 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Stellantis by 8.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,009,256 shares of the company’s stock worth $70,002,000 after purchasing an additional 562,789 shares in the last quarter. Finally, Exane Asset Management lifted its stake in Stellantis by 134.3% in the third quarter. Exane Asset Management now owns 1,401,411 shares of the company’s stock valued at $12,961,000 after acquiring an additional 803,186 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. HSBC reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, January 13th. Wolfe Research upgraded shares of Stellantis from an “underperform” rating to a “peer perform” rating in a research note on Monday, February 9th. Morgan Stanley lowered Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price target on the stock. in a research note on Tuesday, February 3rd. Loop Capital set a $8.00 price objective on Stellantis in a report on Monday, March 2nd. Finally, Wall Street Zen raised shares of Stellantis from a “sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.12.

Stellantis Trading Down 1.7%

Shares of Stellantis stock traded down $0.12 during trading on Friday, reaching $6.75. The stock had a trading volume of 1,668,762 shares, compared to its average volume of 17,272,326. Stellantis N.V. has a 52 week low of $6.63 and a 52 week high of $12.74. The stock has a fifty day moving average price of $8.84 and a two-hundred day moving average price of $9.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.02.

Stellantis 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.