Stellantis (NYSE:STLA) Stock Holdings Lowered by Groupama Asset Managment

Groupama Asset Managment trimmed its holdings in shares of Stellantis (NYSE:STLA) by 28.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,589,993 shares of the company’s stock after selling 639,743 shares during the period. Groupama Asset Managment owned about 0.05% of Stellantis worth $20,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC lifted its position in shares of Stellantis by 7.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock valued at $211,000 after acquiring an additional 1,149 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after purchasing an additional 1,211 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Stellantis by 10.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock valued at $212,000 after purchasing an additional 1,481 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares during the period. Finally, Caprock Group LLC increased its stake in Stellantis by 6.9% in the 4th quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after purchasing an additional 1,558 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of STLA opened at $11.23 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The firm has a market cap of $33.96 billion, a PE ratio of 3.29 and a beta of 1.64. Stellantis has a twelve month low of $11.02 and a twelve month high of $28.49. The firm’s 50 day moving average price is $12.92 and its 200 day moving average price is $13.26.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Cowen began coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating on the stock. TD Cowen began coverage on shares of Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target for the company. Finally, Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.27.

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.