Stellantis (NYSE:STLA) Holdings Lowered by United Services Automobile Association

United Services Automobile Association lowered its stake in Stellantis (NYSE:STLA) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,217 shares of the company’s stock after selling 5,016 shares during the quarter. United Services Automobile Association’s holdings in Stellantis were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of STLA. Geneos Wealth Management Inc. purchased a new stake in shares of Stellantis in the fourth quarter valued at $26,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after buying an additional 1,489 shares in the last quarter. Spire Wealth Management raised its position in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after buying an additional 1,211 shares during the period. Central Pacific Bank Trust Division lifted its stake in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Life Planning Partners Inc acquired a new stake in Stellantis during the 4th quarter worth about $85,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, TD Cowen assumed coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a “hold” rating and a $13.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.27.

Stellantis Stock Performance

STLA stock opened at $12.29 on Tuesday. The firm has a 50 day moving average of $13.01 and a two-hundred day moving average of $13.38. Stellantis has a 12 month low of $11.40 and a 12 month high of $29.51. The company has a market capitalization of $37.14 billion, a price-to-earnings ratio of 3.60 and a beta of 1.64. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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.