Stellantis (NYSE:STLA) Position Reduced by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft trimmed its stake in shares of Stellantis (NYSE:STLA) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock after selling 100,000 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Stellantis were worth $1,304,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Stellantis by 1.4% during the second quarter. Creative Planning now owns 224,743 shares of the company’s stock worth $4,461,000 after purchasing an additional 3,129 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Stellantis by 10.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 50,470 shares of the company’s stock worth $1,002,000 after purchasing an additional 4,871 shares during the period. Truist Financial Corp raised its holdings in shares of Stellantis by 44.8% during the second quarter. Truist Financial Corp now owns 1,657,717 shares of the company’s stock worth $32,906,000 after purchasing an additional 513,188 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Stellantis by 367.8% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 698,900 shares of the company’s stock worth $13,874,000 after purchasing an additional 549,500 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Stellantis during the second quarter worth $1,131,000. 59.48% of the stock is currently owned by institutional investors.

Stellantis Stock Up 0.0 %

Stellantis stock opened at $13.36 on Thursday. The stock has a market cap of $40.37 billion, a price-to-earnings ratio of 4.03, a PEG ratio of 0.39 and a beta of 1.59. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $13.05 and its two-hundred day moving average price is $14.49. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51.

Analysts Set New Price Targets

A number of analysts have weighed in on STLA shares. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Evercore ISI began coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Finally, Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Stellantis has a consensus rating of “Hold” and a consensus target price of $27.34.

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.