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Creative Planning Grows Stock Position in Stellantis (NYSE:STLA)

Defense World ·  Feb 6, 2023 18:02

Creative Planning boosted its position in Stellantis (NYSE:STLA – Get Rating) by 15.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,201 shares of the company's stock after buying an additional 3,680 shares during the quarter. Creative Planning's holdings in Stellantis were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of STLA. Vanguard Group Inc. grew its position in shares of Stellantis by 3.1% in the first quarter. Vanguard Group Inc. now owns 70,191,926 shares of the company's stock valued at $1,142,023,000 after purchasing an additional 2,135,875 shares in the last quarter. Deutsche Bank AG boosted its stake in Stellantis by 21.4% during the second quarter. Deutsche Bank AG now owns 40,391,246 shares of the company's stock valued at $499,237,000 after buying an additional 7,109,230 shares during the period. Allianz Asset Management GmbH boosted its stake in Stellantis by 0.7% during the second quarter. Allianz Asset Management GmbH now owns 27,836,075 shares of the company's stock valued at $359,690,000 after buying an additional 200,317 shares during the period. Conifer Management L.L.C. boosted its stake in Stellantis by 13.5% during the second quarter. Conifer Management L.L.C. now owns 16,800,000 shares of the company's stock valued at $207,648,000 after buying an additional 2,000,000 shares during the period. Finally, Credit Suisse AG boosted its stake in Stellantis by 21.8% during the second quarter. Credit Suisse AG now owns 16,709,865 shares of the company's stock valued at $206,533,000 after buying an additional 2,988,776 shares during the period. 32.95% of the stock is owned by hedge funds and other institutional investors.

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Stellantis Stock Performance

Shares of Stellantis stock opened at $16.33 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.17. Stellantis has a 52-week low of $11.37 and a 52-week high of $19.86. The company's 50 day moving average price is $15.03 and its 200-day moving average price is $14.12.

Wall Street Analyst Weigh In

Several research firms recently issued reports on STLA. Nomura Instinet raised Stellantis from a "neutral" rating to a "buy" rating in a research note on Thursday, October 20th. Berenberg Bank dropped their price objective on Stellantis from €21.00 ($22.83) to €19.00 ($20.65) in a research note on Friday, October 14th. Finally, Nomura raised Stellantis from a "neutral" rating to a "buy" rating in a research note on Thursday, October 20th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

About Stellantis

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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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