Allianz SE Invests $1.49 Million in Stellantis (NYSE:STLA)

Allianz SE purchased a new position in shares of Stellantis (NYSE:STLA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 114,085 shares of the company’s stock, valued at approximately $1,488,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company’s stock worth $1,099,842,000 after purchasing an additional 2,102,528 shares during the last quarter. Norges Bank acquired a new position in Stellantis during the fourth quarter worth $609,076,000. AustralianSuper Pty Ltd grew its holdings in Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock valued at $159,495,000 after buying an additional 3,121,462 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after acquiring an additional 3,252,492 shares during the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of Stellantis by 282.2% during the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock worth $94,717,000 after acquiring an additional 5,359,190 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on STLA shares. Cowen began coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a “hold” rating for the company. TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They issued 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 reduced their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Nine equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.27.

Stellantis Stock Performance

NYSE:STLA opened at $11.34 on Friday. The stock has a market capitalization of $34.27 billion, a P/E ratio of 3.32 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a fifty-two week low of $11.29 and a fifty-two week high of $28.49. The company has a 50 day moving average price of $12.95 and a 200 day moving average price of $13.30.

Stellantis 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.