Zurcher Kantonalbank Zurich Cantonalbank Sells 233,125 Shares of Stellantis (NYSE:STLA)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Stellantis (NYSE:STLA) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,747,607 shares of the company’s stock after selling 233,125 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Stellantis were worth $22,783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prospera Financial Services Inc boosted its position in shares of Stellantis by 9.5% during the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after buying an additional 1,192 shares during the period. Spire Wealth Management boosted its holdings in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after acquiring an additional 1,211 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after acquiring an additional 1,489 shares during the last quarter. Caprock Group LLC increased its stake in Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after purchasing an additional 1,558 shares during the period. Finally, Addison Advisors LLC lifted its position in shares of Stellantis by 29.0% during the fourth quarter. Addison Advisors LLC now owns 7,170 shares of the company’s stock worth $94,000 after purchasing an additional 1,610 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on STLA shares. TD Cowen started coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock. Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $24.47.

Stellantis Trading Down 3.1 %

NYSE STLA opened at $12.48 on Wednesday. The company’s 50-day simple moving average is $13.09 and its two-hundred day simple moving average is $13.64. Stellantis has a one year low of $11.40 and a one year high of $29.51. The company has a market capitalization of $37.71 billion, a price-to-earnings ratio of 3.66 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 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.