Hsbc Holdings PLC Boosts Stock Holdings in Stellantis N.V. $STLA

Hsbc Holdings PLC lifted its position in Stellantis N.V. (NYSE:STLA) by 95.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,642 shares of the company’s stock after purchasing an additional 89,856 shares during the period. Hsbc Holdings PLC’s holdings in Stellantis were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its position in shares of Stellantis by 34.9% during the 4th quarter. Capital Research Global Investors now owns 4,236,161 shares of the company’s stock valued at $46,769,000 after acquiring an additional 1,096,413 shares during the period. Norges Bank purchased a new position in shares of Stellantis in the 4th quarter valued at about $553,692,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Stellantis by 19.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803,310 shares of the company’s stock worth $19,908,000 after purchasing an additional 298,611 shares during the period. Leonteq Securities AG acquired a new position in Stellantis in the 4th quarter worth about $77,209,000. Finally, Compagnie Lombard Odier SCmA boosted its position in Stellantis by 440.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 250,022 shares of the company’s stock worth $2,778,000 after purchasing an additional 203,731 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Price Performance

NYSE:STLA opened at $5.67 on Tuesday. Stellantis N.V. has a 12 month low of $5.25 and a 12 month high of $12.22. The stock has a 50 day moving average of $6.48 and a two-hundred day moving average of $7.53. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a market cap of $21.36 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 0.29 and a beta of 1.46.

Stellantis (NYSE:STLA) last announced its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm had revenue of $44.14 billion for the quarter. On average, analysts expect that Stellantis N.V. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STLA. Kepler Capital Markets lowered Stellantis from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. HSBC lowered Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Truist Financial set a $9.00 price target on shares of Stellantis in a report on Friday, May 22nd. Finally, Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stellantis has a consensus rating of “Hold” and an average target price of $8.79.

Stellantis Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.