Stellantis (NYSE:STLA) Shares Bought by Banco Santander S.A.

Banco Santander S.A. raised its position in Stellantis (NYSE:STLA) by 282.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,258,025 shares of the company’s stock after purchasing an additional 5,359,190 shares during the quarter. Stellantis comprises 1.1% of Banco Santander S.A.’s investment portfolio, making the stock its 15th biggest position. Banco Santander S.A. owned 0.24% of Stellantis worth $94,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AustralianSuper Pty Ltd raised its stake in shares of Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock valued at $159,495,000 after acquiring an additional 3,121,462 shares during the period. Conifer Management L.L.C. raised its stake in shares of Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after acquiring an additional 1,880,000 shares during the period. Franklin Resources Inc. raised its stake in shares of Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after acquiring an additional 3,252,492 shares during the period. Quadrature Capital Ltd raised its stake in shares of Stellantis by 30.4% in the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock valued at $47,752,000 after acquiring an additional 802,497 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Stellantis by 464.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock valued at $45,618,000 after acquiring an additional 2,671,500 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Down 0.0 %

Shares of NYSE:STLA opened at $12.75 on Friday. Stellantis has a 52 week low of $11.40 and a 52 week high of $29.51. The company’s 50 day moving average is $13.11 and its two-hundred day moving average is $13.76. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a market cap of $38.53 billion, a PE ratio of 3.74 and a beta of 1.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STLA shares. TD Cowen started coverage on shares of Stellantis in a research note on Friday. They issued a “hold” rating and a $13.00 price target on the stock. Evercore ISI started coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.47.

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.