First Wilshire Securities Management Inc. Sells 1,939 Shares of Stellantis (NYSE:STLA)

First Wilshire Securities Management Inc. lowered its holdings in Stellantis (NYSE:STLA) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,685 shares of the company’s stock after selling 1,939 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in Stellantis were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in Stellantis in the fourth quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $48,000 after buying an additional 1,489 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares during the period. Central Pacific Bank Trust Division increased its position in Stellantis by 160.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock valued at $85,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in Stellantis in the fourth quarter valued at about $85,000. 59.48% of the stock is owned by institutional investors.

Stellantis Price Performance

Shares of NYSE:STLA opened at $11.09 on Wednesday. The company has a market capitalization of $33.53 billion, a P/E ratio of 3.25 and a beta of 1.64. Stellantis has a 1-year low of $10.95 and a 1-year high of $27.72. The firm’s 50 day simple moving average is $12.88 and its two-hundred day simple moving average is $13.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on STLA shares. Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and cut their price target for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Finally, TD Cowen assumed coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Stellantis has a consensus 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.