Capital Research Global Investors Acquires 59,169 Shares of Stellantis (NYSE:STLA)

Capital Research Global Investors boosted its holdings in shares of Stellantis (NYSE:STLA) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,203,915 shares of the company’s stock after purchasing an additional 59,169 shares during the period. Capital Research Global Investors’ holdings in Stellantis were worth $34,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nvwm LLC bought a new stake in shares of Stellantis during the 4th quarter valued at approximately $885,000. Wells Fargo & Company MN grew its stake in shares of 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 during the last quarter. Cim LLC bought a new position in shares of Stellantis in the 4th quarter valued at $1,977,000. Assenagon Asset Management S.A. boosted its holdings in shares of Stellantis by 122.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 149,052 shares of the company’s stock valued at $3,482,000 after acquiring an additional 82,074 shares in the last quarter. Finally, Freemont Management S.A. acquired a new stake in shares of Stellantis during the 4th quarter valued at $3,032,000. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on STLA shares. Sanford C. Bernstein began coverage on Stellantis in a research report on Friday, June 28th. They set a “market perform” rating and a $23.50 price objective on the stock. Barclays raised Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Finally, Morgan Stanley lifted their target price on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.55.

Stellantis Trading Down 2.4 %

Shares of STLA opened at $17.66 on Friday. The firm’s fifty day simple moving average is $20.76 and its two-hundred day simple moving average is $23.48. Stellantis has a 12 month low of $17.42 and a 12 month high of $29.51. 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 Company Profile

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.