Stellantis (NYSE:STLA) Holdings Boosted by Sycomore Asset Management

Sycomore Asset Management lifted its stake in shares of Stellantis (NYSE:STLA) by 664.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 929,984 shares of the company’s stock after purchasing an additional 808,388 shares during the period. Stellantis comprises 3.4% of Sycomore Asset Management’s investment portfolio, making the stock its 7th biggest position. Sycomore Asset Management’s holdings in Stellantis were worth $19,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Rothschild Investment LLC acquired a new position in Stellantis in the 2nd quarter valued at $25,000. Westend Capital Management LLC purchased a new position in shares of Stellantis in the first quarter worth about $38,000. ORG Partners LLC purchased a new position in shares of Stellantis in the second quarter worth about $38,000. Ridgewood Investments LLC acquired a new position in Stellantis during the second quarter worth about $54,000. Finally, Scarborough Advisors LLC purchased a new stake in Stellantis during the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Sanford C. Bernstein started coverage on Stellantis in a report on Friday, June 28th. They set a “market perform” rating and a $23.50 price target on the stock. Finally, Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.34.

Stellantis Stock Down 12.5 %

Shares of NYSE:STLA opened at $14.05 on Tuesday. The company has a market capitalization of $44.02 billion, a price-to-earnings ratio of 2.81, a PEG ratio of 0.27 and a beta of 1.63. Stellantis has a 12-month low of $13.76 and a 12-month high of $29.51. The business has a 50-day moving average price of $16.07 and a 200 day moving average price of $20.73. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at Stellantis

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought 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 directly owns 59,734,962 shares in the company, valued at $200,112,122.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.02% of the company’s stock.

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.