Creative Planning Has $1.60 Million Stake in Stellantis (NYSE:STLA)

Creative Planning reduced its holdings in Stellantis (NYSE:STLA) by 49.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,706 shares of the company’s stock after selling 111,037 shares during the period. Creative Planning’s holdings in Stellantis were worth $1,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STLA. ORG Partners LLC raised its position in shares of Stellantis by 112.1% during the 3rd quarter. ORG Partners LLC now owns 4,030 shares of the company’s stock valued at $57,000 after acquiring an additional 2,130 shares during the last quarter. Polianta Ltd boosted its position in shares of Stellantis by 43.2% in the 3rd quarter. Polianta Ltd now owns 67,600 shares of the company’s stock worth $949,000 after purchasing an additional 20,400 shares during the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of Stellantis by 16.2% during the third quarter. Compagnie Lombard Odier SCmA now owns 256,621 shares of the company’s stock worth $3,554,000 after purchasing an additional 35,746 shares during the period. Sound Income Strategies LLC increased its holdings in Stellantis by 47.1% in the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after purchasing an additional 89,594 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its holdings in Stellantis by 15.7% in the third quarter. CHICAGO TRUST Co NA now owns 17,424 shares of the company’s stock valued at $245,000 after purchasing an additional 2,361 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Trading Down 2.9 %

Shares of STLA stock opened at $13.35 on Wednesday. Stellantis has a 12-month low of $12.74 and a 12-month high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The firm has a fifty day moving average of $14.73 and a 200-day moving average of $18.56.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the purchase, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on STLA. Jefferies Financial Group restated a “hold” rating and set a $16.44 target price (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Company 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.