Stellantis (NASDAQ:STLA) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC decreased its holdings in shares of Stellantis (NASDAQ:STLA) by 29.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,161 shares of the company’s stock after selling 20,519 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Stellantis were worth $949,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of STLA. Janney Montgomery Scott LLC acquired a new stake in Stellantis during the first quarter worth $189,000. US Bancorp DE acquired a new stake in shares of Stellantis in the first quarter valued at $372,000. IFP Advisors Inc acquired a new stake in shares of Stellantis in the first quarter valued at $33,000. Commonwealth Equity Services LLC acquired a new stake in shares of Stellantis in the first quarter valued at $304,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Stellantis in the first quarter valued at $855,000. 42.82% of the stock is owned by institutional investors.

Stellantis stock opened at $20.04 on Wednesday. Stellantis has a fifty-two week low of $11.56 and a fifty-two week high of $21.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.92 and a current ratio of 1.12. The company has a market capitalization of $40.57 billion, a P/E ratio of 133.61, a PEG ratio of 0.27 and a beta of 1.68. The stock has a 50-day simple moving average of $19.86 and a 200-day simple moving average of $18.97.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Stellantis from a “sell” rating to a “hold” rating in a research note on Thursday, September 2nd. Erste Group assumed coverage on Stellantis in a research note on Friday, August 20th. They issued a “buy” rating for the company. Societe Generale reaffirmed a “buy” rating on shares of Stellantis in a research note on Wednesday, August 4th. Morgan Stanley reissued an “overweight” rating on shares of Stellantis in a research note on Wednesday, July 7th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Stellantis in a research note on Wednesday, August 4th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Stellantis presently has an average rating of “Buy” and a consensus target price of $22.67.

About Stellantis

Stellantis NV is an automobile company, which engages in the manufacture of automobiles and provision of mobility solutions. It designs, engineers, manufactures, distributes, and sells vehicles under the brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Moper, Opel, Peugeot, Leasys, Free2move, Vauxhall, and Ram.

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Institutional Ownership by Quarter for Stellantis (NASDAQ:STLA)

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