Sequoia Financial Advisors LLC Grows Stock Position in Stellantis (NYSE:STLA)

Sequoia Financial Advisors LLC increased its position in shares of Stellantis (NYSE:STLA) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,246 shares of the company’s stock after buying an additional 1,481 shares during the period. Sequoia Financial Advisors LLC’s holdings in Stellantis were worth $212,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis during the 4th quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Stellantis in the 3rd quarter valued at approximately $47,000. MassMutual Private Wealth & Trust FSB lifted its stake in Stellantis by 67.0% during 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 in the last quarter. Spire Wealth Management boosted its holdings in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after acquiring an additional 1,211 shares during the period. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Stellantis by 160.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock valued at $85,000 after purchasing an additional 4,000 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Price Performance

STLA opened at $12.17 on Friday. The stock has a market capitalization of $36.78 billion, a PE ratio of 3.57 and a beta of 1.64. The company’s 50 day simple moving average is $13.02 and its 200 day simple moving average is $13.47. Stellantis has a 1 year low of $11.40 and a 1 year high of $29.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

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

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.