Virtu Financial LLC Invests $382,000 in Stellantis (NYSE:STLA)

Virtu Financial LLC purchased a new position in shares of Stellantis (NYSE:STLA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,501 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds have also made changes to their positions in STLA. Ballentine Partners LLC grew its stake in shares of Stellantis by 22.1% during the 4th quarter. Ballentine Partners LLC now owns 17,723 shares of the company’s stock worth $413,000 after purchasing an additional 3,209 shares during the period. Allworth Financial LP grew its stake in shares of Stellantis by 221.9% during the 4th quarter. Allworth Financial LP now owns 14,729 shares of the company’s stock worth $343,000 after purchasing an additional 10,154 shares during the period. Cerity Partners LLC grew its stake in Stellantis by 11.5% in the 4th quarter. Cerity Partners LLC now owns 45,062 shares of the company’s stock valued at $1,051,000 after acquiring an additional 4,636 shares during the last quarter. Janiczek Wealth Management LLC grew its stake in Stellantis by 20.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 27,781 shares of the company’s stock valued at $648,000 after acquiring an additional 4,772 shares during the last quarter. Finally, Sutton Place Investors LLC acquired a new stake in Stellantis in the 4th quarter valued at about $231,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Barclays raised shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Finally, Sanford C. Bernstein started coverage on shares of Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.97.

Stellantis Stock Down 1.1 %

NYSE:STLA opened at $16.14 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 1.14. The company’s 50-day moving average is $20.20 and its two-hundred day moving average is $23.27. Stellantis has a 12-month low of $15.82 and a 12-month high of $29.51.

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.