Amundi Has $941.98 Million Stock Holdings in Stellantis (NYSE:STLA)

Amundi lowered its stake in Stellantis (NYSE:STLA) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,765,174 shares of the company’s stock after selling 23,871,988 shares during the quarter. Amundi owned approximately 2.44% of Stellantis worth $941,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of STLA. Assetmark Inc. raised its stake in Stellantis by 1.5% in the 3rd quarter. Assetmark Inc. now owns 1,354,711 shares of the company’s stock valued at $19,034,000 after acquiring an additional 20,135 shares during the period. Mesirow Financial Investment Management Inc. increased its position in Stellantis by 14.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 115,272 shares of the company’s stock worth $1,620,000 after purchasing an additional 14,695 shares in the last quarter. Aigen Investment Management LP grew its position in Stellantis by 86.6% during the 3rd quarter. Aigen Investment Management LP now owns 43,088 shares of the company’s stock worth $605,000 after acquiring an additional 19,993 shares during the last quarter. Sycomore Asset Management increased its stake in shares of Stellantis by 19.4% in the third quarter. Sycomore Asset Management now owns 1,110,051 shares of the company’s stock valued at $16,905,000 after buying an additional 180,067 shares during the period. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Stellantis by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 176,075 shares of the company’s stock worth $2,474,000 after purchasing an additional 3,145 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on STLA. Evercore ISI began coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an “inline” rating for the company. TD Cowen began coverage on shares of Stellantis in a research report on Friday. They set a “hold” rating and a $13.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and a consensus price target of $24.47.

Stellantis Stock Performance

Stellantis stock opened at $12.75 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $38.53 billion, a P/E ratio of 3.74 and a beta of 1.64. The stock’s 50 day moving average is $13.11 and its 200 day moving average is $13.76. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51.

Stellantis Company 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.