Russell Investments Group Ltd. lowered its stake in shares of Stellantis (NYSE:STLA – Get Rating) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 528,355 shares of the company's stock after selling 16,038 shares during the quarter. Russell Investments Group Ltd.'s holdings in Stellantis were worth $6,352,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in STLA. SeaCrest Wealth Management LLC acquired a new stake in shares of Stellantis during the second quarter worth approximately $26,000. Assetmark Inc. acquired a new position in Stellantis in the third quarter worth $33,000. Hexagon Capital Partners LLC boosted its holdings in Stellantis by 224.3% in the third quarter. Hexagon Capital Partners LLC now owns 3,000 shares of the company's stock worth $36,000 after purchasing an additional 2,075 shares during the period. CWM LLC boosted its holdings in Stellantis by 73.7% in the third quarter. CWM LLC now owns 3,347 shares of the company's stock worth $40,000 after purchasing an additional 1,420 shares during the period. Finally, Ronald Blue Trust Inc. boosted its holdings in Stellantis by 310.9% in the third quarter. Ronald Blue Trust Inc. now owns 3,965 shares of the company's stock worth $49,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 32.95% of the company's stock.Get Stellantis alerts:
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Nomura Instinet raised shares of Stellantis from a "neutral" rating to a "buy" rating in a report on Thursday, October 20th. Berenberg Bank decreased their price objective on shares of Stellantis from €21.00 ($22.83) to €19.00 ($20.65) in a report on Friday, October 14th. Finally, Nomura raised shares of Stellantis from a "neutral" rating to a "buy" rating in a report on Thursday, October 20th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.
Stellantis Trading Up 2.3 %Shares of STLA opened at $16.08 on Thursday. Stellantis has a 1 year low of $11.37 and a 1 year high of $19.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 0.94. The firm has a fifty day moving average of $14.98 and a 200-day moving average of $14.06.
Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. It operates through the following segments: North America, South America, Enlarged Europe, Middle East and Africa, and China, India and Asia Pacific.
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