Capital World Investors grew its holdings in Stellantis (NYSE:STLA – Free Report) by 63.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,756,552 shares of the company’s stock after purchasing an additional 5,336,868 shares during the quarter. Capital World Investors owned about 0.44% of Stellantis worth $390,811,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in STLA. Nvwm LLC acquired a new stake in Stellantis during the fourth quarter worth about $885,000. Wells Fargo & Company MN grew its position in Stellantis by 12.5% during the fourth quarter. Wells Fargo & Company MN now owns 596,174 shares of the company’s stock worth $13,903,000 after buying an additional 66,427 shares in the last quarter. Cim LLC acquired a new stake in Stellantis during the fourth quarter worth about $1,977,000. Assenagon Asset Management S.A. grew its position in Stellantis by 122.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 149,052 shares of the company’s stock worth $3,482,000 after buying an additional 82,074 shares in the last quarter. Finally, Freemont Management S.A. acquired a new stake in Stellantis during the fourth quarter worth about $3,032,000. 59.48% of the stock is owned by institutional investors and hedge funds.
Stellantis Stock Performance
Shares of NYSE:STLA traded down $0.43 during trading on Friday, hitting $17.66. 12,017,125 shares of the company were exchanged, compared to its average volume of 6,847,775. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. Stellantis has a fifty-two week low of $17.42 and a fifty-two week high of $29.51. The firm has a fifty day moving average price of $20.76 and a two-hundred day moving average price of $23.47.
Analyst Upgrades and Downgrades
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About Stellantis
Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.
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