swisspartners Advisors Ltd Grows Stake in Stellantis (NYSE:STLA)

swisspartners Advisors Ltd grew its holdings in Stellantis (NYSE:STLA) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,320 shares of the company’s stock after purchasing an additional 38,220 shares during the period. Stellantis comprises about 15.3% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 2nd biggest holding. swisspartners Advisors Ltd’s holdings in Stellantis were worth $8,617,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management lifted its stake in Stellantis by 47.8% during the 3rd quarter. Ritholtz Wealth Management now owns 44,062 shares of the company’s stock valued at $619,000 after acquiring an additional 14,253 shares during the period. CHICAGO TRUST Co NA lifted its position in Stellantis by 15.7% during the third quarter. CHICAGO TRUST Co NA now owns 17,424 shares of the company’s stock valued at $245,000 after purchasing an additional 2,361 shares during the period. Sound Income Strategies LLC boosted its holdings in Stellantis by 47.1% in the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock worth $3,934,000 after purchasing an additional 89,594 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in Stellantis by 16.2% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 256,621 shares of the company’s stock valued at $3,554,000 after buying an additional 35,746 shares during the last quarter. Finally, Polianta Ltd lifted its holdings in shares of Stellantis by 43.2% during the 3rd quarter. Polianta Ltd now owns 67,600 shares of the company’s stock valued at $949,000 after buying an additional 20,400 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Price Performance

STLA opened at $12.97 on Monday. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. The company has a 50 day simple moving average of $13.06 and a two-hundred day simple moving average of $14.10. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

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.