Virtu Financial LLC Decreases Position in Stellantis (NYSE:STLA)

Virtu Financial LLC cut its holdings in Stellantis (NYSE:STLA) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,451 shares of the company’s stock after selling 4,852 shares during the period. Virtu Financial LLC’s holdings in Stellantis were worth $567,000 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 lifted its stake in shares of 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 acquiring an additional 3,121,462 shares during the last quarter. Conifer Management L.L.C. lifted its position in Stellantis by 26.4% in the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after purchasing an additional 1,880,000 shares during the last quarter. Franklin Resources Inc. lifted its position in Stellantis by 74.7% in the third 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 during the last quarter. Banco Santander S.A. boosted its stake in shares of Stellantis by 282.2% during the fourth 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 during the period. Finally, Generali Asset Management SPA SGR bought a new position in shares of Stellantis in the fourth quarter worth approximately $53,858,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen initiated coverage on shares of Stellantis in a report on Thursday, March 6th. They set a “hold” rating for the company. Finally, TD Cowen initiated coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.27.

Stellantis Price Performance

STLA stock opened at $12.41 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 1 year low of $11.40 and a 1 year high of $29.03. The firm has a 50-day moving average of $13.01 and a 200 day moving average of $13.36. The company has a market cap of $37.52 billion, a P/E ratio of 3.64 and a beta of 1.64.

About Stellantis

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.