Commerzbank Aktiengesellschaft FI Purchases Shares of 11,000 Stellantis (NYSE:STLA)

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Stellantis (NYSE:STLA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,000 shares of the company’s stock, valued at approximately $155,000.

Other hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in shares of Stellantis by 47.1% during the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock worth $3,934,000 after purchasing an additional 89,594 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Stellantis by 21.2% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 45,929 shares of the company’s stock worth $1,300,000 after purchasing an additional 8,027 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Stellantis by 5.2% during the first quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock worth $34,218,000 after buying an additional 59,169 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Stellantis by 39.2% during the first quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock worth $6,048,000 after buying an additional 60,177 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Stellantis by 62.1% during the second 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. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on STLA shares. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 price objective (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, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Price Performance

Shares of STLA opened at $13.64 on Friday. Stellantis has a twelve month low of $12.74 and a twelve month high of $29.51. The stock’s 50 day moving average is $14.93 and its two-hundred day moving average is $18.98. The firm has a market capitalization of $42.73 billion, a PE ratio of 3.80, a P/E/G ratio of 0.35 and a beta of 1.62. 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

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

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.