Sfmg LLC Has $4.74 Million Stake in Stellantis (NYSE:STLA)

Sfmg LLC lifted its stake in shares of Stellantis (NYSE:STLA) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 238,759 shares of the company’s stock after buying an additional 1,090 shares during the quarter. Sfmg LLC’s holdings in Stellantis were worth $4,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of Stellantis during the 2nd quarter worth approximately $25,000. Westend Capital Management LLC bought a new position in shares of Stellantis in the 1st quarter worth $38,000. ORG Partners LLC bought a new position in shares of Stellantis in the 2nd quarter worth $38,000. Cape Investment Advisory Inc. lifted its holdings in shares of Stellantis by 424.4% in the 4th 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 in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Stellantis in the 2nd quarter worth $54,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Up 0.6 %

Shares of NYSE STLA opened at $15.55 on Wednesday. Stellantis has a 12 month low of $14.76 and a 12 month high of $29.51. 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 capitalization of $48.72 billion, a price-to-earnings ratio of 3.11, a PEG ratio of 0.26 and a beta of 1.63. The business has a 50-day moving average of $16.49 and a 200-day moving average of $21.08.

Insider Transactions at Stellantis

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the transaction, the insider now directly owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STLA. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Barclays upgraded Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. 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. Finally, Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.