Hsbc Holdings PLC Boosts Stake in Stellantis N.V. $STLA

Hsbc Holdings PLC increased its holdings in shares of Stellantis N.V. (NYSE:STLA) by 95.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,642 shares of the company’s stock after acquiring an additional 89,856 shares during the quarter. Hsbc Holdings PLC’s holdings in Stellantis were worth $1,290,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. United Community Bank acquired a new position in shares of Stellantis during the 4th quarter worth approximately $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Stellantis in the fourth quarter valued at approximately $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Stellantis by 113.6% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after buying an additional 1,755 shares in the last quarter. Cromwell Holdings LLC lifted its position in Stellantis by 1,402.0% during the fourth quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock worth $41,000 after buying an additional 3,477 shares in the last quarter. Finally, Intesa Sanpaolo Wealth Management acquired a new position in Stellantis during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 0.3%

Shares of STLA opened at $5.67 on Tuesday. The company’s 50-day moving average price is $6.48 and its 200 day moving average price is $7.53. Stellantis N.V. has a 12-month low of $5.25 and a 12-month high of $12.22. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a market cap of $21.36 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 0.29 and a beta of 1.46.

Stellantis (NYSE:STLA) last announced its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion for the quarter. On average, sell-side analysts forecast that Stellantis N.V. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

STLA has been the subject of several analyst reports. Citigroup restated a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Truist Financial set a $9.00 price target on shares of Stellantis in a research report on Friday, May 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a report on Friday, July 17th. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, Kepler Capital Markets cut shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.79.

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.