Private Advisor Group LLC Boosts Stake in Stellantis (NYSE:STLA)

Private Advisor Group LLC raised its stake in shares of Stellantis (NYSE:STLA) by 46.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,965 shares of the company’s stock after acquiring an additional 5,719 shares during the period. Private Advisor Group LLC’s holdings in Stellantis were worth $234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Stellantis by 4.9% during the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after acquiring an additional 145,583 shares during the last quarter. Four Tree Island Advisory LLC purchased a new stake in Stellantis during the 4th quarter valued at approximately $2,019,000. World Investment Advisors LLC purchased a new stake in Stellantis during the 3rd quarter valued at approximately $1,324,000. Sound Income Strategies LLC raised its stake in Stellantis by 13.4% during the 4th quarter. Sound Income Strategies LLC now owns 317,637 shares of the company’s stock valued at $4,145,000 after acquiring an additional 37,627 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd raised its stake in Stellantis by 28.3% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after acquiring an additional 118,635 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Stock Performance

Shares of STLA stock opened at $12.76 on Friday. The company has a market cap of $38.56 billion, a price-to-earnings ratio of 3.74 and a beta of 1.64. The stock has a 50 day simple moving average of $13.11 and a 200-day simple moving average of $13.76. Stellantis has a 12-month low of $11.40 and a 12-month high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

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.