Natixis Advisors LLC Lowers Holdings in Stellantis (NYSE:STLA)

Natixis Advisors LLC reduced its stake in shares of Stellantis (NYSE:STLA) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,380 shares of the company’s stock after selling 20,665 shares during the period. Natixis Advisors LLC’s holdings in Stellantis were worth $1,336,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Prospera Financial Services Inc raised its stake in Stellantis by 9.5% during the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after purchasing an additional 1,192 shares during the period. Cerity Partners LLC raised its position in shares of Stellantis by 59.7% in the 3rd quarter. Cerity Partners LLC now owns 79,737 shares of the company’s stock worth $1,120,000 after buying an additional 29,797 shares during the period. Bank of Montreal Can boosted its holdings in Stellantis by 33.4% in the third quarter. Bank of Montreal Can now owns 1,704,996 shares of the company’s stock valued at $23,955,000 after acquiring an additional 426,445 shares during the last quarter. FMR LLC grew its position in Stellantis by 4.9% during the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after acquiring an additional 145,583 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Stellantis by 464.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after acquiring an additional 2,671,500 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler cut Stellantis from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen began coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating for the company. Finally, TD Cowen began coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 target price on the stock. Ten research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and an average target price of $19.27.

Stellantis Price Performance

STLA opened at $12.41 on Wednesday. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.03. The firm has a market cap of $37.52 billion, a price-to-earnings ratio of 3.64 and a beta of 1.64. 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 fifty day simple moving average of $13.01 and a 200 day simple moving average of $13.36.

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.