Stellantis (NYSE:STLA) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in Stellantis (NYSE:STLA) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,600 shares of the company’s stock after selling 902 shares during the period. Stifel Financial Corp’s holdings in Stellantis were worth $556,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in shares of Stellantis in the 2nd quarter worth about $25,000. Waldron Private Wealth LLC bought a new position in Stellantis in the 3rd quarter worth about $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of Stellantis in the third quarter valued at approximately $35,000. Cromwell Holdings LLC raised its holdings in shares of Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after buying an additional 1,036 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Stellantis during the third quarter worth approximately $47,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Performance

Stellantis stock opened at $13.02 on Friday. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51. 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 company has a market cap of $40.79 billion, a P/E ratio of 4.27, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The firm’s 50 day simple moving average is $13.28 and its 200-day simple moving average is $15.77.

Analyst Ratings Changes

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