Stellantis N.V. (NYSE:STLA) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of Stellantis N.V. (NYSE:STLA) by 52.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 29,574 shares of the company’s stock after selling 32,204 shares during the period. US Bancorp DE’s holdings in Stellantis were worth $332,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in STLA. Marshall Wace LLP raised its position in shares of Stellantis by 72,446.0% in the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock valued at $226,899,000 after buying an additional 17,376,176 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Stellantis in the fourth quarter valued at about $93,779,000. Capital Research Global Investors raised its position in shares of Stellantis by 306.9% in the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company’s stock valued at $90,636,000 after buying an additional 5,208,889 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Stellantis in the fourth quarter valued at about $62,769,000. Finally, Canada Pension Plan Investment Board increased its position in Stellantis by 24.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company’s stock worth $185,626,000 after purchasing an additional 2,839,709 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Trading Up 1.1%

Shares of STLA stock opened at $9.74 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The firm has a market cap of $29.45 billion, a PE ratio of 2.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.45. The company has a 50-day moving average of $9.69 and a two-hundred day moving average of $10.76. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $16.92.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Redburn Atlantic cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. Bank of America cut shares of Stellantis from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. Wolfe Research cut shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. Finally, Jefferies Financial Group upgraded shares of Stellantis from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.25 to $13.20 in a research report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Stellantis presently has a consensus rating of “Hold” and a consensus price target of $12.74.

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.