Monaco Asset Management SAM Raises Stake in Stellantis N.V. $STLA

Monaco Asset Management SAM increased its position in Stellantis N.V. (NYSE:STLA) by 162.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 591,132 shares of the company’s stock after buying an additional 366,132 shares during the period. Stellantis comprises 0.3% of Monaco Asset Management SAM’s portfolio, making the stock its 19th largest holding. Monaco Asset Management SAM’s holdings in Stellantis were worth $5,455,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Stellantis in the 2nd quarter worth approximately $28,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Stellantis during the second quarter worth $37,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Stellantis by 137.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock worth $52,000 after purchasing an additional 3,202 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 2,448 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Stellantis in the second quarter valued at $74,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Up 3.0%

Shares of STLA stock opened at $7.74 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a fifty-two week low of $7.03 and a fifty-two week high of $14.28. The firm’s 50 day moving average price is $9.91 and its two-hundred day moving average price is $10.06.

Wall Street Analysts Forecast Growth

Several research firms have commented on STLA. Wall Street Zen cut Stellantis from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Morgan Stanley lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price target for the company. in a research report on Tuesday, February 3rd. HSBC reaffirmed a “hold” rating on shares of Stellantis in a research note on Tuesday, January 13th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $9.90 price objective on shares of Stellantis in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.67.

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.