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

Allspring Global Investments Holdings LLC increased its position in Stellantis (NYSE:STLA) by 3,662.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,666 shares of the company’s stock after buying an additional 179,758 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Stellantis were worth $2,557,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of STLA. Capital International Investors raised its position in shares of Stellantis by 329.3% in the first quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock valued at $639,609,000 after buying an additional 17,261,955 shares during the last quarter. Capital World Investors raised its position in shares of Stellantis by 63.4% in the first quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock valued at $390,811,000 after buying an additional 5,336,868 shares during the last quarter. M&G Plc acquired a new position in Stellantis during the first quarter worth approximately $128,254,000. Dnca Finance acquired a new position in Stellantis during the second quarter worth approximately $75,331,000. Finally, ANTIPODES PARTNERS Ltd increased its position in Stellantis by 184,881.3% during the first quarter. ANTIPODES PARTNERS Ltd now owns 3,089,187 shares of the company’s stock worth $87,424,000 after purchasing an additional 3,087,517 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and set a $16.44 price target (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Performance

Stellantis stock opened at $13.35 on Wednesday. The firm has a fifty day moving average of $14.73 and a 200-day moving average of $18.56. 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 52-week low of $12.74 and a 52-week high of $29.51.

Insider Activity

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the purchase, the insider now owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.02% of the company’s stock.

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.