AE Wealth Management LLC Sells 5,444 Shares of Stellantis (NYSE:STLA)

AE Wealth Management LLC decreased its position in Stellantis (NYSE:STLA) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,516 shares of the company’s stock after selling 5,444 shares during the period. AE Wealth Management LLC’s holdings in Stellantis were worth $1,578,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC bought a new stake in shares of Stellantis during the 2nd quarter valued at about $25,000. Westend Capital Management LLC acquired a new position in shares of Stellantis during the 1st quarter valued at $38,000. ORG Partners LLC bought a new position in Stellantis during the second quarter worth $38,000. Cape Investment Advisory Inc. grew its holdings in Stellantis by 424.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after purchasing an additional 1,736 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in Stellantis in the second quarter valued at $54,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

NYSE STLA opened at $15.44 on Tuesday. The company has a fifty day moving average price of $16.68 and a 200-day moving average price of $21.25. The firm has a market cap of $48.36 billion, a price-to-earnings ratio of 3.09, a PEG ratio of 0.26 and a beta of 1.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 1 year low of $14.76 and a 1 year high of $29.51.

Insiders Place Their Bets

In other news, major shareholder N.V. Stellantis bought 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 transaction, the insider now directly owns 59,734,962 shares in the company, valued at $200,112,122.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on STLA shares. Jefferies Financial Group reissued a “hold” rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Barclays upgraded Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Sanford C. Bernstein started coverage on shares of Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis presently has an average rating of “Moderate Buy” and an average price target of $27.34.

About Stellantis

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.