LPL Financial LLC Acquires 18,302 Shares of Stellantis (NYSE:STLA)

LPL Financial LLC grew its stake in shares of Stellantis (NYSE:STLA) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,331 shares of the company’s stock after buying an additional 18,302 shares during the period. LPL Financial LLC’s holdings in Stellantis were worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of STLA. Geneos Wealth Management Inc. bought a new stake in Stellantis in the 4th quarter valued at $26,000. MassMutual Private Wealth & Trust FSB increased 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. Spire Wealth Management lifted its position 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 buying an additional 1,211 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in Stellantis by 160.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock valued at $85,000 after buying an additional 4,000 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new position in Stellantis during the 4th quarter valued at approximately $85,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on STLA shares. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They set a “hold” rating on the stock. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Finally, TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.49.

Stellantis Trading Down 0.4 %

STLA stock opened at $8.88 on Monday. Stellantis has a twelve month low of $8.39 and a twelve month high of $27.04. The stock has a market capitalization of $26.83 billion, a price-to-earnings ratio of 2.60 and a beta of 1.44. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $12.14 and its two-hundred day simple moving average is $12.84.

Stellantis Company 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.