Creative Planning Sells 111,037 Shares of Stellantis (NYSE:STLA)

Creative Planning lowered its stake in shares of Stellantis (NYSE:STLA) by 49.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,706 shares of the company’s stock after selling 111,037 shares during the quarter. Creative Planning’s holdings in Stellantis were worth $1,598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC grew its position in Stellantis by 112.1% in the 3rd quarter. ORG Partners LLC now owns 4,030 shares of the company’s stock worth $57,000 after purchasing an additional 2,130 shares during the last quarter. Polianta Ltd lifted its stake in shares of Stellantis by 43.2% in the third quarter. Polianta Ltd now owns 67,600 shares of the company’s stock valued at $949,000 after buying an additional 20,400 shares during the period. Compagnie Lombard Odier SCmA grew its position in Stellantis by 16.2% during the third quarter. Compagnie Lombard Odier SCmA now owns 256,621 shares of the company’s stock worth $3,554,000 after buying an additional 35,746 shares in the last quarter. Sound Income Strategies LLC increased its stake in Stellantis by 47.1% during the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after acquiring an additional 89,594 shares during the period. Finally, CHICAGO TRUST Co NA increased its stake in Stellantis by 15.7% during the third quarter. CHICAGO TRUST Co NA now owns 17,424 shares of the company’s stock valued at $245,000 after acquiring an additional 2,361 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Down 2.9 %

Shares of Stellantis stock opened at $13.35 on Wednesday. Stellantis has a 12-month low of $12.74 and a 12-month high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $14.73 and a 200 day simple moving average of $18.56.

Insider Transactions at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis bought 2,982,089 shares of Stellantis stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the acquisition, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on STLA shares. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $16.44 target price (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.34.

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.