International Assets Investment Management LLC Makes New $178,000 Investment in Stellantis (NYSE:STLA)

International Assets Investment Management LLC purchased a new stake in Stellantis (NYSE:STLA) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,687 shares of the company’s stock, valued at approximately $178,000.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of Stellantis during the second quarter worth about $25,000. Waldron Private Wealth LLC acquired a new stake in Stellantis during the 3rd quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new position in shares of Stellantis during the 3rd quarter valued at about $35,000. ORG Partners LLC acquired a new position in shares of Stellantis in the 2nd quarter valued at about $38,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of Stellantis in the second quarter worth about $54,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STLA has been the subject of a number of analyst reports. Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Trading Up 0.5 %

Shares of Stellantis stock opened at $13.88 on Thursday. The business has a 50 day simple moving average of $14.43 and a two-hundred day simple moving average of $18.13. Stellantis has a 12 month low of $12.74 and a 12 month 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.

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.