Stellantis (NYSE:STLA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of Stellantis (NYSE:STLA) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,727 shares of the company’s stock after selling 19,939 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Stellantis were worth $2,147,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. AustralianSuper Pty Ltd grew its holdings in Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after acquiring an additional 1,894,146 shares in the last quarter. Conifer Management L.L.C. grew its holdings in Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after acquiring an additional 1,880,000 shares in the last quarter. Franklin Resources Inc. grew its holdings in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after acquiring an additional 3,252,492 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of Stellantis by 30.4% in the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock worth $47,752,000 after buying an additional 802,497 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Stellantis by 464.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after buying an additional 2,671,500 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Evercore ISI initiated coverage on shares of Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Stock Performance

Shares of STLA opened at $13.95 on Friday. The firm’s 50 day moving average is $13.13 and its 200-day moving average is $13.92. The stock has a market capitalization of $42.16 billion, a P/E ratio of 4.20 and a beta of 1.58. 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 12-month low of $12.12 and a 12-month high of $29.51.

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.