Stellantis N.V. $STLA Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC decreased its holdings in shares of Stellantis N.V. (NYSE:STLA) by 36.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,828 shares of the company’s stock after selling 12,991 shares during the quarter. Neuberger Berman Group LLC’s holdings in Stellantis were worth $228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in Stellantis during the second quarter worth about $28,000. SVB Wealth LLC acquired a new stake in Stellantis in the 1st quarter valued at about $35,000. Atlantic Union Bankshares Corp purchased a new position in Stellantis in the 2nd quarter worth approximately $37,000. Harbour Investments Inc. boosted its holdings in shares of Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Stellantis during the 2nd quarter worth approximately $74,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STLA shares. BNP Paribas raised Stellantis to a “hold” rating in a report on Tuesday, September 9th. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target on the stock in a report on Friday, September 19th. The Goldman Sachs Group raised shares of Stellantis to a “hold” rating in a research report on Monday, November 24th. Finally, Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.75.

Stellantis Trading Up 3.1%

NYSE:STLA opened at $10.65 on Friday. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $14.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The stock’s fifty day moving average is $10.26 and its two-hundred day moving average is $9.94.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The company had revenue of $87.44 billion during the quarter, compared to analysts’ expectations of $87.94 billion. On average, equities research analysts predict that Stellantis N.V. will post 2.3 EPS for the current year.

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.