Vanguard Group Inc. Has $883.13 Million Stake in Stellantis N.V. $STLA

Vanguard Group Inc. lifted its holdings in shares of Stellantis N.V. (NYSE:STLA) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,143,705 shares of the company’s stock after acquiring an additional 2,002,880 shares during the quarter. Vanguard Group Inc. owned approximately 3.15% of Stellantis worth $883,126,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its position in Stellantis by 2.1% during the second quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after purchasing an additional 1,193 shares during the period. Straightline Group LLC lifted its stake in shares of Stellantis by 5.0% during the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock worth $283,000 after buying an additional 1,352 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Stellantis by 10.2% during the 3rd quarter. Blue Trust Inc. now owns 19,258 shares of the company’s stock worth $180,000 after buying an additional 1,780 shares during the period. SBI Securities Co. Ltd. grew its stake in Stellantis by 8.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 22,138 shares of the company’s stock valued at $207,000 after buying an additional 1,781 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Stellantis by 63.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after acquiring an additional 2,448 shares during the period. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

STLA has been the subject of a number of research analyst reports. HSBC restated a “hold” rating on shares of Stellantis in a report on Tuesday, January 13th. DZ Bank upgraded Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research report on Friday, December 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a report on Wednesday, January 21st. Finally, UBS Group upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Stellantis has an average rating of “Hold” and a consensus target price of $11.67.

Stellantis Price Performance

Shares of NYSE STLA opened at $7.74 on Monday. The business has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $10.07. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a fifty-two week low of $7.03 and a fifty-two week high of $14.28.

Stellantis Company 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.