Axa S.A. Sells 669,069 Shares of Stellantis (NYSE:STLA)

Axa S.A. lowered its position in Stellantis (NYSE:STLA) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,555,618 shares of the company’s stock after selling 669,069 shares during the quarter. Stellantis comprises approximately 0.7% of Axa S.A.’s portfolio, making the stock its 23rd largest holding. Axa S.A. owned approximately 0.43% of Stellantis worth $250,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sfmg LLC raised its position in shares of Stellantis by 0.5% during the 2nd quarter. Sfmg LLC now owns 238,759 shares of the company’s stock valued at $4,739,000 after buying an additional 1,090 shares in the last quarter. Marshall Wace LLP bought a new stake in Stellantis in the 2nd quarter worth approximately $21,453,000. Bank of Montreal Can lifted its position in Stellantis by 62.1% in the 2nd quarter. Bank of Montreal Can now owns 1,278,551 shares of the company’s stock worth $25,379,000 after buying an additional 489,932 shares during the last quarter. Evergreen Capital Management LLC grew its position in Stellantis by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after acquiring an additional 971 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Stellantis in the 2nd quarter worth approximately $801,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Up 0.6 %

Shares of NYSE STLA opened at $15.55 on Wednesday. The firm has a fifty day simple moving average of $16.49 and a two-hundred day simple moving average of $21.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 12 month low of $14.76 and a 12 month high of $29.51.

Wall Street Analysts Forecast Growth

STLA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Jefferies Financial Group restated a “hold” rating and set a $16.44 price target (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays upgraded shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.34.

Insider Buying and Selling

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

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.