Farther Finance Advisors LLC Boosts Stock Position in Stellantis (NYSE:STLA)

Farther Finance Advisors LLC lifted its position in Stellantis (NYSE:STLA) by 176.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 40,839 shares of the company’s stock after buying an additional 26,072 shares during the quarter. Farther Finance Advisors LLC’s holdings in Stellantis were worth $574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new stake in shares of Stellantis in the 2nd quarter valued at $25,000. ORG Partners LLC acquired a new position in Stellantis during the 2nd quarter worth $38,000. Waldron Private Wealth LLC acquired a new position in Stellantis during the 3rd quarter worth $33,000. Central Pacific Bank Trust Division acquired a new position in Stellantis during the 3rd quarter worth $35,000. Finally, Ridgewood Investments LLC acquired a new position in Stellantis during the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group reissued a “hold” rating and set a $16.44 target price (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Price Performance

Shares of NYSE STLA opened at $13.81 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 52-week low of $12.74 and a 52-week high of $29.51. The business has a 50-day moving average price of $14.49 and a 200 day moving average price of $18.21.

Insider Activity at Stellantis

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the transaction, the insider now directly owns 59,734,962 shares in the company, valued at $200,112,122.70. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.