Headlands Technologies LLC Sells 15,986 Shares of Stellantis (NYSE:STLA)

Headlands Technologies LLC decreased its stake in Stellantis (NYSE:STLA) by 59.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,966 shares of the company’s stock after selling 15,986 shares during the period. Headlands Technologies LLC’s holdings in Stellantis were worth $143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in STLA. Vanguard Group Inc. increased its stake in Stellantis by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company’s stock valued at $1,099,842,000 after acquiring an additional 2,102,528 shares during the last quarter. Norges Bank bought a new position in shares of Stellantis during the 4th quarter valued at about $609,076,000. AustralianSuper Pty Ltd raised its holdings in shares of Stellantis by 34.3% during 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. lifted its position in Stellantis by 25.7% in the 4th quarter. Franklin Resources Inc. now owns 9,563,705 shares of the company’s stock worth $124,309,000 after buying an additional 1,958,142 shares during the last quarter. Finally, Banco Santander S.A. boosted its stake in Stellantis by 282.2% in the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock worth $94,717,000 after buying an additional 5,359,190 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 4.8 %

NYSE STLA opened at $9.72 on Friday. Stellantis has a 1 year low of $9.36 and a 1 year high of $27.56. The stock has a market capitalization of $29.37 billion, a PE ratio of 2.85 and a beta of 1.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The business’s 50-day moving average is $12.71 and its 200 day moving average is $13.14.

Analyst Upgrades and Downgrades

STLA has been the topic of several research reports. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. TD Cowen started 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, Cowen started coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Nine analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.27.

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.