Headlands Technologies LLC Invests $625,000 in Stellantis N.V. $STLA

Headlands Technologies LLC bought a new stake in Stellantis N.V. (NYSE:STLA) during the second quarter, Holdings Channel.com reports. The fund bought 108,939 shares of the company’s stock, valued at approximately $625,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Stellantis in the fourth quarter valued at $553,692,000. Viking Global Investors LP acquired a new position in Stellantis in the fourth quarter valued at $434,320,000. Marshall Wace LLP grew its holdings in shares of Stellantis by 353.2% during the fourth quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock worth $167,481,000 after purchasing an additional 11,803,688 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Stellantis by 84.7% during the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after purchasing an additional 10,783,370 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Stellantis by 122.8% during the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock worth $205,019,000 after purchasing an additional 10,337,920 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on STLA shares. Truist Financial set a $9.00 target price on Stellantis in a research report on Friday, May 22nd. Piper Sandler lowered Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 price target on the stock. in a research report on Monday, July 27th. UBS Group cut Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, August 3rd. Sanford C. Bernstein downgraded Stellantis from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th. Finally, HSBC lowered shares of Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, Stellantis has a consensus rating of “Reduce” and a consensus target price of $8.66.

Stellantis Price Performance

Shares of STLA opened at $5.26 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04. Stellantis N.V. has a fifty-two week low of $5.05 and a fifty-two week high of $12.22. The firm has a 50-day simple moving average of $5.58 and a 200-day simple moving average of $6.76. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 0.31 and a beta of 1.44.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion during the quarter. On average, equities research analysts anticipate that Stellantis N.V. will post 0.61 earnings per share for the current year.

About Stellantis

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.