Allworth Financial LP Lowers Stock Position in Stellantis (NYSE:STLA)

Allworth Financial LP reduced its stake in Stellantis (NYSE:STLA) by 42.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,917 shares of the company’s stock after selling 11,634 shares during the quarter. Allworth Financial LP’s holdings in Stellantis were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Cromwell Holdings LLC raised its stake in shares of Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after acquiring an additional 1,036 shares in the last quarter. Prospera Financial Services Inc grew its holdings in shares of Stellantis by 9.5% in the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after purchasing an additional 1,192 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Caprock Group LLC grew its holdings in shares of Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after purchasing an additional 1,558 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Trading Down 1.2 %

NYSE:STLA opened at $13.95 on Friday. 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 firm’s fifty day simple moving average is $13.13 and its 200 day simple moving average is $13.91. Stellantis has a twelve month low of $12.12 and a twelve month high of $29.51.

Wall Street Analyst Weigh In

Separately, Evercore ISI began coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.34.

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.