Stellantis (NYSE:STLA) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its holdings in shares of Stellantis (NYSE:STLA) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,861 shares of the company’s stock after selling 8,340 shares during the period. Cetera Investment Advisers’ holdings in Stellantis were worth $1,343,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of STLA. Vanguard Group Inc. lifted its position in shares of Stellantis by 1.2% in the first quarter. Vanguard Group Inc. now owns 83,818,351 shares of the company’s stock valued at $2,372,059,000 after acquiring an additional 972,232 shares in the last quarter. Capital International Investors boosted its stake in shares of Stellantis by 329.3% during the 1st quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after purchasing an additional 17,261,955 shares during the last quarter. Capital World Investors grew its holdings in shares of Stellantis by 63.4% during the first quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock worth $390,811,000 after buying an additional 5,336,868 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Stellantis by 0.4% in the second quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock valued at $194,755,000 after buying an additional 43,159 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Stellantis by 19.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,925,189 shares of the company’s stock valued at $177,163,000 after buying an additional 1,425,814 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on STLA shares. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Finally, Barclays lowered 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, Stellantis has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Down 2.5 %

NYSE:STLA opened at $12.91 on Wednesday. The firm has a 50-day moving average of $15.20 and a two-hundred day moving average of $19.52. 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 1-year low of $12.74 and a 1-year high of $29.51.

Insider Activity at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis bought 2,982,089 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the transaction, the insider now directly owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.02% of the stock is currently owned by company insiders.

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.