Stellantis (NYSE:STLA) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its position in shares of Stellantis (NYSE:STLA) by 322.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,827 shares of the company’s stock after purchasing an additional 65,516 shares during the quarter. XTX Topco Ltd’s holdings in Stellantis were worth $1,704,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Stellantis by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 43,987 shares of the company’s stock valued at $1,026,000 after buying an additional 1,915 shares during the period. Wells Fargo & Company MN boosted its stake in Stellantis by 12.5% in the fourth quarter. Wells Fargo & Company MN now owns 596,174 shares of the company’s stock valued at $13,903,000 after acquiring an additional 66,427 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Stellantis by 1.4% during the fourth quarter. Corient Private Wealth LLC now owns 149,857 shares of the company’s stock valued at $3,495,000 after purchasing an additional 2,029 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Stellantis by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock valued at $253,000 after purchasing an additional 430 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its position in shares of Stellantis by 13.3% during the 4th quarter. Hohimer Wealth Management LLC now owns 58,663 shares of the company’s stock worth $1,368,000 after purchasing an additional 6,875 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.02% of the stock is currently owned by insiders.

Stellantis Trading Up 1.4 %

Shares of NYSE:STLA opened at $15.42 on Friday. The company has a 50 day moving average of $16.88 and a 200-day moving average of $21.45. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a market cap of $48.29 billion, a P/E ratio of 3.08, a P/E/G ratio of 0.26 and a beta of 1.63. Stellantis has a twelve month low of $14.76 and a twelve month high of $29.51.

Wall Street Analyst Weigh In

STLA has been the subject of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and set a $16.44 price objective (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Barclays raised shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Sanford C. Bernstein assumed coverage on shares of Stellantis in a research report on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Stellantis presently has an average rating of “Moderate Buy” and a consensus price target 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.