Charles Schwab Investment Management Inc. Sells 1,186 Shares of Stellantis (NYSE:STLA)

Charles Schwab Investment Management Inc. cut its stake in shares of Stellantis (NYSE:STLA) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,055 shares of the company’s stock after selling 1,186 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Stellantis were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Banco Santander S.A. acquired a new stake in Stellantis during the 3rd quarter valued at approximately $26,679,000. Darwin Wealth Management LLC purchased a new stake in shares of Stellantis in the third quarter worth approximately $47,000. Prospera Financial Services Inc boosted its holdings in Stellantis by 9.5% during the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after acquiring an additional 1,192 shares during the last quarter. Caprock Group LLC bought a new position in shares of Stellantis in the third quarter valued at approximately $318,000. Finally, Strengthening Families & Communities LLC increased its holdings in Stellantis by 19.7% during the third quarter. Strengthening Families & Communities LLC now owns 30,604 shares of the company’s stock worth $430,000 after buying an additional 5,031 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Down 5.5 %

STLA stock opened at $13.18 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The business has a fifty day moving average price of $13.30 and a 200-day moving average price of $16.19. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. The stock has a market capitalization of $41.29 billion, a P/E ratio of 4.32, a P/E/G ratio of 0.45 and a beta of 1.60.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on STLA shares. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Evercore ISI assumed coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Stellantis has a consensus rating of “Hold” 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.