Edmond DE Rothschild Holding S.A. Sells 100,560 Shares of Stellantis (NASDAQ:STLA)

Edmond DE Rothschild Holding S.A. decreased its holdings in shares of Stellantis (NASDAQ:STLA) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,348,711 shares of the company’s stock after selling 100,560 shares during the quarter. Stellantis accounts for approximately 2.0% of Edmond DE Rothschild Holding S.A.’s investment portfolio, making the stock its 6th largest position. Edmond DE Rothschild Holding S.A. owned 0.21% of Stellantis worth $85,486,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Stellantis by 6.2% during the second quarter. BlackRock Inc. now owns 1,166,766 shares of the company’s stock worth $22,997,000 after buying an additional 68,107 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Stellantis by 10.5% during the 2nd quarter. Deutsche Bank AG now owns 13,370,113 shares of the company’s stock valued at $263,525,000 after acquiring an additional 1,268,767 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Stellantis during the 2nd quarter worth $1,514,000. Westpac Banking Corp acquired a new position in Stellantis in the 2nd quarter worth about $11,727,000. Finally, Thornburg Investment Management Inc. increased its holdings in Stellantis by 13.9% in the 2nd quarter. Thornburg Investment Management Inc. now owns 106,808 shares of the company’s stock worth $2,105,000 after purchasing an additional 13,056 shares in the last quarter. 42.82% of the stock is owned by hedge funds and other institutional investors.

STLA stock opened at $18.86 on Tuesday. The stock’s 50 day simple moving average is $19.90 and its 200 day simple moving average is $19.07. The company has a market cap of $38.18 billion, a P/E ratio of 125.88, a price-to-earnings-growth ratio of 0.28 and a beta of 1.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.92 and a current ratio of 1.12. Stellantis has a fifty-two week low of $11.56 and a fifty-two week high of $21.99.

Several analysts have recently weighed in on the company. Societe Generale restated a “buy” rating on shares of Stellantis in a report on Wednesday, August 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Stellantis in a research note on Wednesday, July 7th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Stellantis in a report on Wednesday, August 4th. Zacks Investment Research upgraded Stellantis from a “sell” rating to a “hold” rating in a research report on Thursday, September 2nd. Finally, Erste Group started coverage on shares of Stellantis in a report on Friday, August 20th. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Stellantis has a consensus rating of “Buy” and a consensus price target 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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