Stellantis (NYSE:STLA) Holdings Lowered by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its stake in Stellantis (NYSE:STLA) by 11.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,602 shares of the company’s stock after selling 5,497 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Stellantis were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Mediolanum International Funds Ltd raised its stake in Stellantis by 17.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after purchasing an additional 99,388 shares during the period. Sound Income Strategies LLC grew its holdings in shares of 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 buying an additional 89,594 shares in the last quarter. Capital Research Global Investors raised its position in Stellantis by 5.2% during the first quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock valued at $34,218,000 after buying an additional 59,169 shares during the period. Sei Investments Co. lifted its stake in Stellantis by 39.2% in the 1st quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock worth $6,048,000 after acquiring an additional 60,177 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Stellantis by 62.1% during the 2nd quarter. Bank of Montreal Can now owns 1,278,551 shares of the company’s stock worth $25,379,000 after acquiring an additional 489,932 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

STLA stock opened at $14.00 on Friday. Stellantis has a 1 year low of $12.74 and a 1 year high of $29.51. The company has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $18.10. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

STLA has been the topic of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Jefferies Financial Group reissued a “hold” rating and set a $16.44 target price (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. 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 Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Stellantis presently has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis 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.