Stellantis (NYSE:STLA) Stock Holdings Lifted by XTX Topco Ltd

XTX Topco Ltd grew its stake in shares of Stellantis (NYSE:STLA) by 322.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 85,827 shares of the company’s stock after acquiring an additional 65,516 shares during the period. XTX Topco Ltd’s holdings in Stellantis were worth $1,704,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Stellantis by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock valued at $253,000 after purchasing an additional 430 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in Stellantis by 3.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock worth $387,000 after buying an additional 463 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Stellantis by 5.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after buying an additional 562 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Stellantis by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after acquiring an additional 636 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its holdings in shares of Stellantis by 2.4% during the first quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock valued at $805,000 after acquiring an additional 660 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the transaction, the insider now owns 59,734,962 shares in the company, valued at $200,112,122.70. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.02% of the stock is currently owned by company insiders.

Stellantis Stock Performance

Shares of STLA stock opened at $15.42 on Friday. Stellantis has a fifty-two week low of $14.76 and a fifty-two week high of $29.51. The stock’s 50-day moving average is $16.88 and its two-hundred day moving average is $21.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The firm has a market cap of $48.29 billion, a P/E ratio of 3.08, a PEG ratio of 0.26 and a beta of 1.63.

Analysts Set New Price Targets

STLA has been the subject of a number of recent analyst reports. Barclays raised shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Sanford C. Bernstein started coverage on Stellantis in a research report on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price for the company. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $16.44 target price (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.34.

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.