Evergreen Capital Management LLC Has $819,000 Holdings in Stellantis (NYSE:STLA)

Evergreen Capital Management LLC increased its stake in shares of Stellantis (NYSE:STLA) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,257 shares of the company’s stock after purchasing an additional 971 shares during the period. Evergreen Capital Management LLC’s holdings in Stellantis were worth $819,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in STLA. Rothschild Investment LLC bought a new position in Stellantis during the second quarter worth about $25,000. Westend Capital Management LLC bought a new position in Stellantis during the first quarter worth about $38,000. ORG Partners LLC bought a new position in Stellantis during the second quarter worth about $38,000. Cape Investment Advisory Inc. lifted its holdings in Stellantis by 424.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after acquiring an additional 1,736 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new position in Stellantis during the fourth quarter worth about $59,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Price Performance

NYSE:STLA opened at $15.55 on Wednesday. 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 stock’s 50-day simple moving average is $16.49 and its 200 day simple moving average is $21.08. The company has a market cap of $48.72 billion, a P/E ratio of 3.11, a P/E/G ratio of 0.26 and a beta of 1.63. Stellantis has a 52-week low of $14.76 and a 52-week high of $29.51.

Analysts Set New Price Targets

Several research firms have weighed in on STLA. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a report 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 began coverage on Stellantis in a report on Friday, June 28th. They issued a “market perform” rating and a $23.50 price target on the stock. Jefferies Financial Group restated a “hold” rating and issued a $16.44 price target (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Finally, Nomura upgraded 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 issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.34.

Insider Activity at Stellantis

In related news, major shareholder N.V. Stellantis bought 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, with a total value of $9,989,998.15. Following the completion of the transaction, the insider now 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 is accessible through this link. 0.02% of the stock is owned by company insiders.

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.