Life Planning Partners Inc Buys Shares of 6,525 Stellantis (NYSE:STLA)

Life Planning Partners Inc purchased a new position in shares of Stellantis (NYSE:STLA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,525 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Stellantis by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company’s stock worth $1,099,842,000 after buying an additional 2,102,528 shares in the last quarter. Norges Bank purchased a new stake in Stellantis during the 4th quarter worth about $609,076,000. AustralianSuper Pty Ltd raised its stake 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 purchasing an additional 3,121,462 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after purchasing an additional 3,252,492 shares in the last quarter. Finally, Banco Santander S.A. lifted its holdings in Stellantis by 282.2% in the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock valued at $94,717,000 after purchasing an additional 5,359,190 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

STLA opened at $11.34 on Friday. The company 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 50-day moving average of $12.95 and a 200-day moving average of $13.30. 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 1-year low of $11.29 and a 1-year high of $28.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on STLA shares. Cowen started coverage on Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating for the company. TD Cowen began coverage on Stellantis in a report 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 cut their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Nine 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 stock. According to MarketBeat.com, the company currently has an average 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.