Zurich Insurance Group Ltd FI Reduces Position in Stellantis (NYSE:STLA)

Zurich Insurance Group Ltd FI trimmed its position in Stellantis (NYSE:STLA) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,188,557 shares of the company’s stock after selling 101,448 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Stellantis were worth $23,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of Stellantis in the second quarter valued at about $25,000. Westend Capital Management LLC purchased a new position in Stellantis during the 1st quarter worth approximately $38,000. ORG Partners LLC acquired a new stake in Stellantis during the 2nd quarter valued at approximately $38,000. Cape Investment Advisory Inc. boosted its holdings in shares of Stellantis by 424.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after acquiring an additional 1,736 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Stellantis in the fourth quarter worth $59,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Trading Up 0.6 %

Shares of NYSE:STLA opened at $15.55 on Wednesday. The business’s 50 day moving average price is $16.49 and its 200-day moving average price is $21.08. Stellantis has a 1 year low of $14.76 and a 1 year 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.

Insider Buying and Selling at Stellantis

In related news, major shareholder N.V. Stellantis bought 2,982,089 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the purchase, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays raised Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.34.

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.