Swiss National Bank Reduces Position in Stellantis (NYSE:STLA)

Swiss National Bank cut its position in shares of Stellantis (NYSE:STLA) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,343,644 shares of the company’s stock after selling 264,448 shares during the period. Swiss National Bank owned approximately 0.20% of Stellantis worth $87,929,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mediolanum International Funds Ltd boosted its stake in shares of Stellantis by 17.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock worth $9,426,000 after purchasing an additional 99,388 shares during the period. Sound Income Strategies LLC lifted its holdings in Stellantis by 47.1% during the 3rd quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after buying an additional 89,594 shares in the last quarter. Capital Research Global Investors lifted its holdings in Stellantis by 5.2% during the 1st quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock valued at $34,218,000 after buying an additional 59,169 shares in the last quarter. Sei Investments Co. lifted its holdings in Stellantis by 39.2% during the 1st quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock valued at $6,048,000 after buying an additional 60,177 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in Stellantis during the 3rd quarter valued at about $641,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Performance

NYSE:STLA opened at $13.39 on Tuesday. Stellantis has a 52 week low of $12.74 and a 52 week high of $29.51. The firm has a 50 day moving average of $13.94 and a 200 day moving average of $17.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Jefferies Financial Group restated a “hold” rating and issued a $16.44 price target (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Finally, Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.