Stellantis (NYSE:STLA) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC grew its holdings in Stellantis (NYSE:STLA) by 29.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,170 shares of the company’s stock after acquiring an additional 1,610 shares during the quarter. Addison Advisors LLC’s holdings in Stellantis were worth $94,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STLA. AustralianSuper Pty Ltd raised its stake in shares of Stellantis by 34.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock worth $159,495,000 after purchasing an additional 3,121,462 shares during the last quarter. Conifer Management L.L.C. raised its stake in shares of Stellantis by 26.4% in the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Stellantis by 74.7% in the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after purchasing an additional 3,252,492 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of Stellantis by 30.4% in the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock worth $47,752,000 after purchasing an additional 802,497 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Stellantis by 464.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after purchasing an additional 2,671,500 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating for the company. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Up 0.6 %

Shares of STLA stock opened at $14.05 on Wednesday. The stock has a 50 day moving average of $13.16 and a 200 day moving average of $13.88. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a twelve month low of $12.12 and a twelve month high of $29.51.

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.