Sanctuary Advisors LLC Buys Shares of 56,971 Stellantis (NYSE:STLA)

Sanctuary Advisors LLC bought a new stake in shares of Stellantis (NYSE:STLA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 56,971 shares of the company’s stock, valued at approximately $1,131,000.

Several other hedge funds and other institutional investors have also bought and sold shares of STLA. Capital International Investors lifted its position in Stellantis by 329.3% during the 1st quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after acquiring an additional 17,261,955 shares during the period. Capital World Investors lifted its holdings in shares of Stellantis by 63.4% in the 1st quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock valued at $390,811,000 after buying an additional 5,336,868 shares during the period. M&G Plc acquired a new position in shares of Stellantis in the 1st quarter valued at about $128,254,000. Dnca Finance acquired a new position in shares of Stellantis in the 2nd quarter valued at about $75,331,000. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of Stellantis by 184,881.3% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 3,089,187 shares of the company’s stock valued at $87,424,000 after buying an additional 3,087,517 shares during the period. Institutional investors own 59.48% of the company’s stock.

Insider Activity

In other Stellantis news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the acquisition, the insider now owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STLA. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein began coverage on Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 price target for the company. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Finally, Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Stock Down 2.1 %

STLA stock opened at $13.02 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The business has a 50 day simple moving average of $15.31 and a 200-day simple moving average of $19.86. Stellantis has a 1 year low of $12.74 and a 1 year high of $29.51.

Stellantis 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.