Stellantis (NYSE:STLA) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in Stellantis (NYSE:STLA) by 29.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,045 shares of the company’s stock after selling 51,038 shares during the quarter. Natixis Advisors LLC’s holdings in Stellantis were worth $1,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in shares of Stellantis by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after purchasing an additional 636 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Stellantis by 6.0% during the first quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock worth $326,000 after buying an additional 656 shares during the period. Legacy Capital Group California Inc. boosted its stake in Stellantis by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock worth $214,000 after buying an additional 707 shares during the period. CWM LLC increased its position in shares of Stellantis by 7.6% during the second quarter. CWM LLC now owns 12,424 shares of the company’s stock valued at $247,000 after acquiring an additional 874 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of Stellantis by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after acquiring an additional 971 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on STLA. Evercore ISI started coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Price Performance

Stellantis stock opened at $13.37 on Tuesday. The company has a fifty day simple moving average of $13.73 and a 200-day simple moving average of $17.16. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 12-month low of $12.68 and a 12-month high of $29.51.

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.